USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$26,745$577,883
2$927,165$300,071$27,815$599,279
3$964,252$313,793$28,928$621,531
4$1,002,822$328,064$30,085$644,673
5$1,042,935$342,906$31,288$668,741
6$1,084,652$358,342$32,540$693,771
7$1,128,038$374,394$33,841$719,803
8$1,173,160$391,089$35,195$746,876
9$1,220,086$408,452$36,603$775,031
10$1,268,890$426,509$38,067$804,313
11$1,319,645$445,289$39,589$834,767
12$1,372,431$464,820$41,173$866,438
13$1,427,328$485,132$42,820$899,377
14$1,484,421$506,256$44,533$933,633
15$1,543,798$528,226$46,314$969,259
16$1,605,550$551,074$48,167$1,006,310
17$1,669,772$574,836$50,093$1,044,843
18$1,736,563$599,549$52,097$1,084,918
19$1,806,025$625,250$54,181$1,126,595
20$1,878,266$651,979$56,348$1,169,940
21$1,953,397$679,777$58,602$1,215,018
22$2,031,533$708,687$60,946$1,261,900
23$2,112,794$738,754$63,384$1,310,656
24$2,197,306$770,024$65,919$1,361,363
25$2,285,198$802,544$68,556$1,414,099
26$2,376,606$836,365$71,298$1,468,944
27$2,471,671$871,538$74,150$1,525,982
28$2,570,537$908,119$77,116$1,585,302
29$2,673,359$946,163$80,201$1,646,995
30$2,780,293$985,729$83,409$1,711,156
Total$50,000,000$17,210,608$1,500,003$31,289,396

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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.