USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Mar 27, 2023

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $122,200,000 for a ticket purchased in Idaho, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Idaho

Drawing Date:Mon, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$638,723$106,679$1,093,883
2$1,931,250$672,750$112,012$1,146,487
3$2,027,812$708,478$117,613$1,201,721
4$2,129,203$745,993$123,494$1,259,716
5$2,235,663$785,383$129,668$1,320,611
6$2,347,446$826,743$136,152$1,384,551
7$2,464,818$870,171$142,959$1,451,688
8$2,588,059$915,770$150,107$1,522,182
9$2,717,462$963,649$157,613$1,596,201
10$2,853,335$1,013,922$165,493$1,673,920
11$2,996,002$1,066,709$173,768$1,755,525
12$3,145,802$1,122,135$182,457$1,841,211
13$3,303,092$1,180,332$191,579$1,931,181
14$3,468,247$1,241,439$201,158$2,025,649
15$3,641,659$1,305,602$211,216$2,124,841
16$3,823,742$1,372,972$221,777$2,228,993
17$4,014,929$1,443,712$232,866$2,338,352
18$4,215,676$1,517,988$244,509$2,453,179
19$4,426,460$1,595,978$256,735$2,573,747
20$4,647,783$1,677,867$269,571$2,700,344
21$4,880,172$1,763,851$283,050$2,833,270
22$5,124,180$1,854,134$297,202$2,972,843
23$5,380,389$1,948,932$312,063$3,119,395
24$5,649,409$2,048,469$327,666$3,273,274
25$5,931,879$2,152,983$344,049$3,434,847
26$6,228,473$2,262,723$361,251$3,604,499
27$6,539,897$2,377,950$379,314$3,782,633
28$6,866,892$2,498,938$398,280$3,969,674
29$7,210,236$2,625,975$418,194$4,166,067
30$7,570,748$2,759,365$439,103$4,372,280
Total$122,200,000$43,959,636$7,087,598$71,152,764

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.