USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Sep 20, 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 $677,100,000 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:Wed, Sep 20, 2023
Jackpot:$677,100,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,191,327$3,728,979$591,097$5,871,251
2$10,700,893$3,917,518$620,652$6,162,723
3$11,235,938$4,115,485$651,684$6,468,769
4$11,797,735$4,323,350$684,269$6,790,117
5$12,387,621$4,541,608$718,482$7,127,531
6$13,007,002$4,770,779$754,406$7,481,818
7$13,657,353$5,011,408$792,126$7,853,818
8$14,340,220$5,264,069$831,733$8,244,418
9$15,057,231$5,529,363$873,319$8,654,549
10$15,810,093$5,807,922$916,985$9,085,185
11$16,600,597$6,100,409$962,835$9,537,354
12$17,430,627$6,407,520$1,010,976$10,012,131
13$18,302,159$6,729,986$1,061,525$10,510,647
14$19,217,267$7,068,576$1,114,601$11,034,089
15$20,178,130$7,424,096$1,170,332$11,583,702
16$21,187,037$7,797,391$1,228,848$12,160,797
17$22,246,388$8,189,351$1,290,291$12,766,746
18$23,358,708$8,600,910$1,354,805$13,402,993
19$24,526,643$9,033,046$1,422,545$14,071,052
20$25,752,975$9,486,789$1,493,673$14,772,514
21$27,040,624$9,963,218$1,568,356$15,509,049
22$28,392,655$10,463,470$1,646,774$16,282,411
23$29,812,288$10,988,734$1,729,113$17,094,441
24$31,302,902$11,540,261$1,815,568$17,947,072
25$32,868,047$12,119,365$1,906,347$18,842,335
26$34,511,450$12,727,424$2,001,664$19,782,362
27$36,237,022$13,365,886$2,101,747$20,769,389
28$38,048,873$14,036,271$2,206,835$21,805,767
29$39,951,317$14,740,175$2,317,176$22,893,965
30$41,948,883$15,479,274$2,433,035$24,036,573
Total$677,100,001$249,272,633$39,271,799$388,555,568

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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.