USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Sep 7, 2002

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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 $77,300,000 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, Sep 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$41,348$869,940
2$1,433,397$487,377$43,002$903,018
3$1,490,733$508,592$44,722$937,420
4$1,550,363$530,654$46,511$973,197
5$1,612,377$553,600$48,371$1,010,406
6$1,676,872$577,463$50,306$1,049,103
7$1,743,947$602,281$52,318$1,089,348
8$1,813,705$628,091$54,411$1,131,203
9$1,886,253$654,934$56,588$1,174,732
10$1,961,703$682,850$58,851$1,220,002
11$2,040,171$711,884$61,205$1,267,083
12$2,121,778$742,078$63,653$1,316,047
13$2,206,649$773,481$66,199$1,366,969
14$2,294,915$806,139$68,847$1,419,929
15$2,386,712$840,104$71,601$1,475,007
16$2,482,180$875,427$74,465$1,532,288
17$2,581,468$912,163$77,444$1,591,860
18$2,684,726$950,369$80,542$1,653,816
19$2,792,115$990,103$83,763$1,718,249
20$2,903,800$1,031,426$87,114$1,785,260
21$3,019,952$1,074,402$90,599$1,854,951
22$3,140,750$1,119,098$94,223$1,927,430
23$3,266,380$1,165,581$97,991$2,002,808
24$3,397,035$1,213,923$101,911$2,081,201
25$3,532,917$1,264,199$105,988$2,162,730
26$3,674,233$1,316,487$110,227$2,247,520
27$3,821,203$1,370,865$114,636$2,335,701
28$3,974,051$1,427,419$119,222$2,427,410
29$4,133,013$1,486,235$123,990$2,522,787
30$4,298,333$1,547,404$128,950$2,621,980
Total$77,300,000$27,311,608$2,318,998$47,669,395

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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.