USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Mar 4, 2024

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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 $462,700,000 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 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$403,929$4,025,391
2$7,312,514$2,663,818$424,126$4,224,570
3$7,678,140$2,799,099$445,332$4,433,708
4$8,062,047$2,941,145$467,599$4,653,303
5$8,465,149$3,090,293$490,979$4,883,877
6$8,888,406$3,246,898$515,528$5,125,981
7$9,332,827$3,411,334$541,304$5,380,189
8$9,799,468$3,583,991$568,369$5,647,108
9$10,289,442$3,765,281$596,788$5,927,373
10$10,803,914$3,955,636$626,627$6,221,651
11$11,344,109$4,155,508$657,958$6,530,643
12$11,911,315$4,365,374$690,856$6,855,084
13$12,506,880$4,585,734$725,399$7,195,748
14$13,132,225$4,817,111$761,669$7,553,445
15$13,788,836$5,060,057$799,752$7,929,026
16$14,478,278$5,315,150$839,740$8,323,387
17$15,202,191$5,582,999$881,727$8,737,466
18$15,962,301$5,864,239$925,813$9,172,248
19$16,760,416$6,159,542$972,104$9,628,770
20$17,598,437$6,469,609$1,020,709$10,108,118
21$18,478,359$6,795,180$1,071,745$10,611,433
22$19,402,276$7,137,030$1,125,332$11,139,914
23$20,372,390$7,495,972$1,181,599$11,694,820
24$21,391,010$7,872,861$1,240,679$12,277,470
25$22,460,560$8,268,595$1,302,712$12,889,253
26$23,583,589$8,684,116$1,367,848$13,531,625
27$24,762,768$9,120,412$1,436,241$14,206,116
28$26,000,906$9,578,523$1,508,053$14,914,330
29$27,300,951$10,059,540$1,583,455$15,657,956
30$28,665,999$10,564,607$1,662,628$16,438,764
Total$462,700,001$169,944,632$26,836,600$265,918,767

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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.