USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Jun 9, 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 $211,200,000 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 9, 2012
Jackpot:$211,200,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,765,717$1,351,503$114,854$2,299,360
2$3,916,346$1,407,236$119,449$2,389,661
3$4,072,999$1,465,198$124,226$2,483,575
4$4,235,919$1,525,478$129,196$2,581,246
5$4,405,356$1,588,170$134,363$2,682,823
6$4,581,570$1,653,369$139,738$2,788,464
7$4,764,833$1,721,176$145,327$2,898,330
8$4,955,427$1,791,696$151,141$3,012,590
9$5,153,644$1,865,036$157,186$3,131,422
10$5,359,789$1,941,310$163,474$3,255,006
11$5,574,181$2,020,635$170,013$3,383,534
12$5,797,148$2,103,133$176,813$3,517,203
13$6,029,034$2,188,930$183,886$3,656,218
14$6,270,196$2,278,160$191,241$3,800,794
15$6,521,003$2,370,959$198,891$3,951,154
16$6,781,843$2,467,470$206,846$4,107,527
17$7,053,117$2,567,841$215,120$4,270,156
18$7,335,242$2,672,227$223,725$4,439,290
19$7,628,652$2,780,789$232,674$4,615,189
20$7,933,798$2,893,693$241,981$4,798,124
21$8,251,150$3,011,113$251,660$4,988,376
22$8,581,196$3,133,230$261,726$5,186,239
23$8,924,443$3,260,232$272,196$5,392,016
24$9,281,421$3,392,314$283,083$5,606,024
25$9,652,678$3,529,679$294,407$5,828,593
26$10,038,785$3,672,538$306,183$6,060,064
27$10,440,336$3,821,112$318,430$6,300,794
28$10,857,950$3,975,629$331,167$6,551,153
29$11,292,268$4,136,327$344,414$6,811,527
30$11,743,959$4,303,452$358,191$7,082,315
Total$211,200,000$76,889,635$6,441,601$127,868,767

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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.