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Indiana Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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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 $60,000,000 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, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$32,094$684,863
2$1,112,598$368,682$33,378$710,539
3$1,157,102$385,148$34,713$737,241
4$1,203,386$402,273$36,102$765,011
5$1,251,522$420,083$37,546$793,893
6$1,301,583$438,606$39,047$823,929
7$1,353,646$457,869$40,609$855,167
8$1,407,792$477,903$42,234$887,655
9$1,464,103$498,738$43,923$921,442
10$1,522,667$520,407$45,680$956,580
11$1,583,574$542,943$47,507$993,124
12$1,646,917$566,380$49,408$1,031,130
13$1,712,794$590,754$51,384$1,070,656
14$1,781,306$616,103$53,439$1,111,763
15$1,852,558$642,467$55,577$1,154,514
16$1,926,660$669,884$57,800$1,198,976
17$2,003,726$698,399$60,112$1,245,216
18$2,083,876$728,054$62,516$1,293,305
19$2,167,231$758,896$65,017$1,343,318
20$2,253,920$790,971$67,618$1,395,332
21$2,344,077$824,329$70,322$1,449,426
22$2,437,840$859,021$73,135$1,505,684
23$2,535,353$895,101$76,061$1,564,192
24$2,636,767$932,624$79,103$1,625,040
25$2,742,238$971,648$82,267$1,688,323
26$2,851,928$1,012,233$85,558$1,754,136
27$2,966,005$1,054,442$88,980$1,822,583
28$3,084,645$1,098,339$92,539$1,893,767
29$3,208,031$1,143,992$96,241$1,967,798
30$3,336,352$1,191,470$100,091$2,044,791
Total$60,000,000$20,910,607$1,800,001$37,289,394

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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.