USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for May 14, 2005

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $112,000,000 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, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$697,067$60,908$1,238,996
2$2,076,850$726,622$63,344$1,286,884
3$2,159,924$757,360$65,878$1,336,687
4$2,246,321$789,326$68,513$1,388,482
5$2,336,174$822,572$71,253$1,442,348
6$2,429,621$857,147$74,103$1,498,370
7$2,526,806$893,106$77,068$1,556,632
8$2,627,878$930,503$80,150$1,617,225
9$2,732,993$969,395$83,356$1,680,241
10$2,842,313$1,009,843$86,691$1,745,779
11$2,956,005$1,051,910$90,158$1,813,937
12$3,074,245$1,095,658$93,764$1,884,822
13$3,197,215$1,141,157$97,515$1,958,543
14$3,325,104$1,188,476$101,416$2,035,212
15$3,458,108$1,237,688$105,472$2,114,948
16$3,596,432$1,288,868$109,691$2,197,873
17$3,740,289$1,342,095$114,079$2,284,116
18$3,889,901$1,397,451$118,642$2,373,808
19$4,045,497$1,455,022$123,388$2,467,088
20$4,207,317$1,514,895$128,323$2,564,099
21$4,375,610$1,577,163$133,456$2,664,990
22$4,550,634$1,641,922$138,794$2,769,917
23$4,732,659$1,709,272$144,346$2,879,042
24$4,921,966$1,779,315$150,120$2,992,531
25$5,118,844$1,852,160$156,125$3,110,559
26$5,323,598$1,927,919$162,370$3,233,309
27$5,536,542$2,006,708$168,865$3,360,969
28$5,758,004$2,088,649$175,619$3,493,735
29$5,988,324$2,173,868$182,644$3,631,812
30$6,227,857$2,262,495$189,950$3,775,412
Total$112,000,000$40,185,632$3,416,001$68,398,366

◄ Back to Jackpot Analysis

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.