USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Sep 5, 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 $134,100,000 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, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$842,864$72,926$1,475,227
2$2,486,657$878,251$75,843$1,532,563
3$2,586,123$915,053$78,877$1,592,193
4$2,689,568$953,328$82,032$1,654,208
5$2,797,151$993,134$85,313$1,718,704
6$2,909,037$1,034,531$88,726$1,785,780
7$3,025,398$1,077,585$92,275$1,855,539
8$3,146,414$1,122,361$95,966$1,928,088
9$3,272,271$1,168,928$99,804$2,003,539
10$3,403,162$1,217,358$103,796$2,082,008
11$3,539,288$1,267,724$107,948$2,163,616
12$3,680,860$1,320,106$112,266$2,248,488
13$3,828,094$1,374,583$116,757$2,336,755
14$3,981,218$1,431,238$121,427$2,428,552
15$4,140,467$1,490,160$126,284$2,524,022
16$4,306,085$1,551,439$131,336$2,623,310
17$4,478,329$1,615,169$136,589$2,726,570
18$4,657,462$1,681,449$142,053$2,833,961
19$4,843,760$1,750,379$147,735$2,945,647
20$5,037,511$1,822,067$153,644$3,061,800
21$5,239,011$1,896,622$159,790$3,182,599
22$5,448,572$1,974,159$166,181$3,308,231
23$5,666,514$2,054,798$172,829$3,438,888
24$5,893,175$2,138,663$179,742$3,574,771
25$6,128,902$2,225,881$186,932$3,716,089
26$6,374,058$2,316,589$194,409$3,863,060
27$6,629,020$2,410,925$202,185$4,015,910
28$6,894,181$2,509,035$210,273$4,174,874
29$7,169,948$2,611,069$218,683$4,340,196
30$7,456,746$2,717,184$227,431$4,512,132
Total$134,100,000$48,362,632$4,090,052$81,647,320

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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.