USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$127,906$2,555,899
2$4,361,385$1,571,900$133,022$2,656,462
3$4,535,840$1,636,449$138,343$2,761,049
4$4,717,274$1,703,579$143,877$2,869,818
5$4,905,965$1,773,395$149,632$2,982,938
6$5,102,203$1,846,003$155,617$3,100,583
7$5,306,292$1,921,516$161,842$3,222,934
8$5,518,543$2,000,049$168,316$3,350,179
9$5,739,285$2,081,723$175,048$3,482,514
10$5,968,856$2,166,665$182,050$3,620,142
11$6,207,611$2,255,004$189,332$3,763,275
12$6,455,915$2,346,876$196,905$3,912,133
13$6,714,152$2,442,424$204,782$4,066,946
14$6,982,718$2,541,793$212,973$4,227,952
15$7,262,026$2,645,138$221,492$4,395,397
16$7,552,507$2,752,616$230,351$4,569,540
17$7,854,608$2,864,393$239,566$4,750,650
18$8,168,792$2,980,641$249,148$4,939,003
19$8,495,544$3,101,539$259,114$5,134,891
20$8,835,366$3,227,273$269,479$5,338,614
21$9,188,780$3,358,036$280,258$5,550,486
22$9,556,331$3,494,030$291,468$5,770,833
23$9,938,585$3,635,464$303,127$5,999,994
24$10,336,128$3,782,555$315,252$6,238,321
25$10,749,573$3,935,530$327,862$6,486,181
26$11,179,556$4,094,623$340,976$6,743,956
27$11,626,738$4,260,081$354,616$7,012,042
28$12,091,808$4,432,157$368,800$7,290,851
29$12,575,480$4,611,115$383,552$7,580,813
30$13,078,499$4,797,233$398,894$7,882,373
Total$235,200,000$85,769,634$7,173,600$142,256,769

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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.