USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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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 $158,800,000 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:Sat, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$86,358$1,739,248
2$2,944,677$1,047,718$89,813$1,807,146
3$3,062,464$1,091,299$93,405$1,877,759
4$3,184,962$1,136,624$97,141$1,951,197
5$3,312,361$1,183,761$101,027$2,027,572
6$3,444,855$1,232,784$105,068$2,107,003
7$3,582,649$1,283,768$109,271$2,189,610
8$3,725,955$1,336,791$113,642$2,275,522
9$3,874,993$1,391,935$118,187$2,364,871
10$4,029,993$1,449,285$122,915$2,457,793
11$4,191,193$1,508,929$127,831$2,554,432
12$4,358,841$1,570,959$132,945$2,654,937
13$4,533,194$1,635,470$138,262$2,759,462
14$4,714,522$1,702,561$143,793$2,868,168
15$4,903,103$1,772,336$149,545$2,981,222
16$5,099,227$1,844,902$155,526$3,098,799
17$5,303,196$1,920,370$161,747$3,221,078
18$5,515,324$1,998,858$168,217$3,348,249
19$5,735,937$2,080,484$174,946$3,480,506
20$5,965,374$2,165,376$181,944$3,618,054
21$6,203,989$2,253,664$189,222$3,761,104
22$6,452,149$2,345,483$196,791$3,909,876
23$6,710,235$2,440,975$204,662$4,064,598
24$6,978,644$2,540,286$212,849$4,225,509
25$7,257,790$2,643,570$221,363$4,392,857
26$7,548,102$2,750,985$230,217$4,566,899
27$7,850,026$2,862,697$239,426$4,747,903
28$8,164,027$2,978,878$249,003$4,936,146
29$8,490,588$3,099,705$258,963$5,131,920
30$8,830,211$3,225,366$269,321$5,335,524
Total$158,800,000$57,501,632$4,843,400$96,454,964

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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.