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Indiana Powerball Jackpot Annuity Payout Schedule for Jul 20, 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 $91,000,000 for a ticket purchased in Indiana, 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:

Indiana

Drawing Date:Sat, Jul 20, 2024
Jackpot:$91,000,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,369,681$464,970$41,775$862,936
2$1,438,165$490,309$43,864$903,992
3$1,510,073$516,915$46,057$947,101
4$1,585,577$544,851$48,360$992,365
5$1,664,855$574,184$50,778$1,039,893
6$1,748,098$604,984$53,317$1,089,797
7$1,835,503$637,324$55,983$1,142,196
8$1,927,278$671,281$58,782$1,197,216
9$2,023,642$706,935$61,721$1,254,986
10$2,124,824$744,373$64,807$1,315,644
11$2,231,065$783,682$68,047$1,379,336
12$2,342,619$824,957$71,450$1,446,212
13$2,459,750$868,295$75,022$1,516,432
14$2,582,737$913,800$78,773$1,590,163
15$2,711,874$961,581$82,712$1,667,581
16$2,847,468$1,011,751$86,848$1,748,869
17$2,989,841$1,064,429$91,190$1,834,222
18$3,139,333$1,119,741$95,750$1,923,842
19$3,296,300$1,177,819$100,537$2,017,944
20$3,461,115$1,238,800$105,564$2,116,750
21$3,634,170$1,302,831$110,842$2,220,497
22$3,815,879$1,370,063$116,384$2,329,432
23$4,006,673$1,440,657$122,204$2,443,813
24$4,207,006$1,514,780$128,314$2,563,913
25$4,417,357$1,592,610$134,729$2,690,018
26$4,638,225$1,674,331$141,466$2,822,428
27$4,870,136$1,760,138$148,539$2,961,459
28$5,113,643$1,850,236$155,966$3,107,441
29$5,369,325$1,944,838$163,764$3,260,722
30$5,637,791$2,044,170$171,953$3,421,668
Total$91,000,000$32,415,635$2,775,498$55,808,868

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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.