USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Nov 16, 2011

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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$25,614$545,271
2$873,390$281,342$26,638$565,409
3$908,325$294,268$27,704$586,353
4$944,658$307,711$28,812$608,135
5$982,444$321,692$29,965$630,788
6$1,021,742$336,232$31,163$654,347
7$1,062,612$351,354$32,410$678,848
8$1,105,116$367,081$33,706$704,330
9$1,149,321$383,437$35,054$730,830
10$1,195,294$400,447$36,456$758,391
11$1,243,106$418,137$37,915$787,054
12$1,292,830$436,535$39,431$816,864
13$1,344,543$455,669$41,009$847,866
14$1,398,325$475,568$42,649$880,108
15$1,454,258$496,263$44,355$913,640
16$1,512,428$517,786$46,129$948,513
17$1,572,925$540,170$47,974$984,781
18$1,635,842$563,449$49,893$1,022,500
19$1,701,276$587,660$51,889$1,061,727
20$1,769,327$612,839$53,964$1,102,524
21$1,840,100$639,025$56,123$1,144,952
22$1,913,704$666,258$58,368$1,189,078
23$1,990,252$694,581$60,703$1,234,968
24$2,069,862$724,037$63,131$1,282,695
25$2,152,657$754,671$65,656$1,332,330
26$2,238,763$786,530$68,282$1,383,951
27$2,328,314$819,664$71,014$1,437,636
28$2,421,446$854,123$73,854$1,493,469
29$2,518,304$889,960$76,808$1,551,536
30$2,619,036$927,231$79,881$1,611,924
Total$47,100,000$16,172,633$1,436,550$29,490,818

◄ 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.