USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$32,575$682,092
2$1,110,744$369,163$33,878$707,703
3$1,155,174$385,602$35,233$734,339
4$1,201,381$402,699$36,642$762,040
5$1,249,436$420,479$38,108$790,849
6$1,299,413$438,971$39,632$820,810
7$1,351,390$458,202$41,217$851,970
8$1,405,445$478,203$42,866$884,377
9$1,461,663$499,003$44,581$918,079
10$1,520,130$520,636$46,364$953,130
11$1,580,935$543,134$48,219$989,583
12$1,644,172$566,531$50,147$1,027,494
13$1,709,939$590,865$52,153$1,066,921
14$1,778,337$616,172$54,239$1,107,925
15$1,849,470$642,492$56,409$1,150,570
16$1,923,449$669,864$58,665$1,194,920
17$2,000,387$698,331$61,012$1,241,044
18$2,080,402$727,937$63,452$1,289,013
19$2,163,619$758,727$65,990$1,338,902
20$2,250,163$790,748$68,630$1,390,785
21$2,340,170$824,051$71,375$1,444,744
22$2,433,777$858,685$74,230$1,500,861
23$2,531,128$894,705$77,199$1,559,223
24$2,632,373$932,166$80,287$1,619,920
25$2,737,668$971,125$83,499$1,683,044
26$2,847,174$1,011,642$86,839$1,748,693
27$2,961,061$1,053,780$90,312$1,816,969
28$3,079,504$1,097,604$93,925$1,887,975
29$3,202,684$1,143,181$97,682$1,961,821
30$3,330,791$1,190,581$101,589$2,038,622
Total$59,900,000$20,908,635$1,826,949$37,164,418

◄ 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.