USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Apr 17, 2024

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The tax information provided here is based on 2025 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 $80,700,000 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:Wed, Apr 17, 2024
Jackpot:$80,700,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,214,651$406,441$69,174$739,035
2$1,275,383$428,912$72,633$773,838
3$1,339,153$452,507$76,265$810,381
4$1,406,110$477,281$80,078$848,751
5$1,476,416$503,294$84,082$889,040
6$1,550,236$530,608$88,286$931,343
7$1,627,748$559,287$92,700$975,761
8$1,709,136$589,400$97,335$1,022,400
9$1,794,592$621,019$102,202$1,071,371
10$1,884,322$654,219$107,312$1,122,791
11$1,978,538$689,079$112,678$1,176,781
12$2,077,465$725,682$118,312$1,233,471
13$2,181,338$764,115$124,227$1,292,996
14$2,290,405$804,470$130,439$1,355,497
15$2,404,926$846,843$136,961$1,421,122
16$2,525,172$891,334$143,809$1,490,029
17$2,651,430$938,049$150,999$1,562,382
18$2,784,002$987,101$158,549$1,638,352
19$2,923,202$1,038,605$166,476$1,718,121
20$3,069,362$1,092,684$174,800$1,801,878
21$3,222,830$1,149,467$183,540$1,889,823
22$3,383,972$1,209,090$192,717$1,982,165
23$3,553,170$1,271,693$202,353$2,079,124
24$3,730,829$1,337,427$212,471$2,180,931
25$3,917,370$1,406,447$223,094$2,287,829
26$4,113,239$1,478,919$234,249$2,400,071
27$4,318,901$1,555,014$245,961$2,517,926
28$4,534,846$1,634,913$258,259$2,641,673
29$4,761,588$1,718,808$271,172$2,771,608
30$4,999,667$1,806,897$284,731$2,908,039
Total$80,700,000$28,569,605$4,595,864$47,534,529

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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.