USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $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%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$841,696$71,730$1,477,590
2$2,486,657$877,083$74,600$1,534,974
3$2,586,123$913,886$77,584$1,594,654
4$2,689,568$952,160$80,687$1,656,721
5$2,797,151$991,966$83,915$1,721,270
6$2,909,037$1,033,364$87,271$1,788,402
7$3,025,398$1,076,418$90,762$1,858,219
8$3,146,414$1,121,194$94,392$1,930,828
9$3,272,271$1,167,760$98,168$2,006,342
10$3,403,162$1,216,190$102,095$2,084,877
11$3,539,288$1,266,557$106,179$2,166,553
12$3,680,860$1,318,938$110,426$2,251,496
13$3,828,094$1,373,415$114,843$2,339,836
14$3,981,218$1,430,071$119,437$2,431,710
15$4,140,467$1,488,993$124,214$2,527,260
16$4,306,085$1,550,272$129,183$2,626,631
17$4,478,329$1,614,002$134,350$2,729,977
18$4,657,462$1,680,281$139,724$2,837,457
19$4,843,760$1,749,212$145,313$2,949,236
20$5,037,511$1,820,899$151,125$3,065,486
21$5,239,011$1,895,454$157,170$3,186,386
22$5,448,572$1,972,992$163,457$3,312,123
23$5,666,514$2,053,631$169,995$3,442,888
24$5,893,175$2,137,495$176,795$3,578,885
25$6,128,902$2,224,714$183,867$3,720,321
26$6,374,058$2,315,422$191,222$3,867,415
27$6,629,020$2,409,758$198,871$4,020,392
28$6,894,181$2,507,867$206,825$4,179,488
29$7,169,948$2,609,901$215,098$4,344,949
30$7,456,746$2,716,016$223,702$4,517,028
Total$134,100,000$48,327,607$4,023,000$81,749,394

◄ Back to Jackpot Analysis

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.