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Indiana Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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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 $125,800,000 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:Wed, Oct 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$68,412$1,386,507
2$2,332,748$821,304$71,149$1,440,294
3$2,426,057$855,829$73,995$1,496,234
4$2,523,100$891,735$76,955$1,554,411
5$2,624,024$929,077$80,033$1,614,914
6$2,728,985$967,912$83,234$1,677,839
7$2,838,144$1,008,301$86,563$1,743,280
8$2,951,670$1,050,306$90,026$1,811,338
9$3,069,737$1,093,990$93,627$1,882,119
10$3,192,526$1,139,422$97,372$1,955,732
11$3,320,227$1,186,672$101,267$2,032,288
12$3,453,036$1,235,811$105,318$2,111,907
13$3,591,158$1,286,916$109,530$2,194,711
14$3,734,804$1,340,065$113,912$2,280,827
15$3,884,196$1,395,340$118,468$2,370,388
16$4,039,564$1,452,826$123,207$2,463,531
17$4,201,147$1,512,612$128,135$2,560,400
18$4,369,192$1,574,789$133,260$2,661,143
19$4,543,960$1,639,453$138,591$2,765,916
20$4,725,718$1,706,704$144,134$2,874,880
21$4,914,747$1,776,644$149,900$2,988,203
22$5,111,337$1,849,382$155,896$3,106,059
23$5,315,791$1,925,030$162,132$3,228,629
24$5,528,422$2,003,704$168,617$3,356,101
25$5,749,559$2,085,525$175,362$3,488,673
26$5,979,541$2,170,618$182,376$3,626,547
27$6,218,723$2,259,115$189,671$3,769,937
28$6,467,472$2,351,152$197,258$3,919,062
29$6,726,171$2,446,871$205,148$4,074,152
30$6,995,218$2,546,418$213,354$4,235,445
Total$125,800,000$45,291,631$3,836,902$76,671,467

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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.