USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Apr 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 $42,300,000 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, Apr 16, 2011
Jackpot:$42,300,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$754,213$237,247$23,004$493,963
2$784,382$248,409$23,924$512,049
3$815,757$260,018$24,881$530,859
4$848,387$272,091$25,876$550,420
5$882,323$284,647$26,911$570,765
6$917,616$297,706$27,987$591,923
7$954,320$311,286$29,107$613,927
8$992,493$325,410$30,271$636,812
9$1,032,193$340,099$31,482$660,612
10$1,073,481$355,376$32,741$685,364
11$1,116,420$371,263$34,051$711,106
12$1,161,077$387,786$35,413$737,878
13$1,207,520$404,970$36,829$765,720
14$1,255,820$422,841$38,303$794,677
15$1,306,053$441,427$39,835$824,791
16$1,358,295$460,757$41,428$856,110
17$1,412,627$480,860$43,085$888,682
18$1,469,132$501,767$44,809$922,557
19$1,527,898$523,510$46,601$957,787
20$1,589,013$546,123$48,465$994,426
21$1,652,574$569,640$50,404$1,032,530
22$1,718,677$594,098$52,420$1,072,159
23$1,787,424$619,535$54,516$1,113,373
24$1,858,921$645,989$56,697$1,156,235
25$1,933,278$673,501$58,965$1,200,812
26$2,010,609$702,113$61,324$1,247,172
27$2,091,033$731,870$63,777$1,295,387
28$2,174,675$762,817$66,328$1,345,530
29$2,261,662$795,003$68,981$1,397,678
30$2,352,128$828,475$71,740$1,451,913
Total$42,300,000$14,396,634$1,290,155$26,613,217

◄ 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.