USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Aug 31, 2011

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The tax information provided here is based on 2025 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 $76,500,000 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, Aug 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$461,701$40,920$861,381
2$1,418,563$481,888$42,557$894,117
3$1,475,305$502,883$44,259$928,163
4$1,534,317$524,718$46,030$963,570
5$1,595,690$547,426$47,871$1,000,394
6$1,659,518$571,042$49,786$1,038,690
7$1,725,898$595,603$51,777$1,078,519
8$1,794,934$621,146$53,848$1,119,940
9$1,866,732$647,711$56,002$1,163,019
10$1,941,401$675,339$58,242$1,207,820
11$2,019,057$704,071$60,572$1,254,414
12$2,099,819$733,953$62,995$1,302,871
13$2,183,812$765,031$65,514$1,353,267
14$2,271,165$797,351$68,135$1,405,678
15$2,362,011$830,964$70,860$1,460,186
16$2,456,492$865,922$73,695$1,516,875
17$2,554,751$902,278$76,643$1,575,831
18$2,656,941$940,089$79,708$1,637,145
19$2,763,219$979,411$82,897$1,700,911
20$2,873,748$1,020,307$86,212$1,767,228
21$2,988,698$1,062,838$89,661$1,836,198
22$3,108,246$1,107,071$93,247$1,907,927
23$3,232,575$1,153,073$96,977$1,982,525
24$3,361,878$1,200,915$100,856$2,060,107
25$3,496,354$1,250,671$104,891$2,140,792
26$3,636,208$1,302,417$109,086$2,224,704
27$3,781,656$1,356,233$113,450$2,311,973
28$3,932,922$1,412,201$117,988$2,402,733
29$4,090,239$1,470,409$122,707$2,497,123
30$4,253,849$1,530,944$127,615$2,595,289
Total$76,500,000$27,015,606$2,295,001$47,189,390

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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.