USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Indiana

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 3.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$212,311$4,070,955
2$7,077,034$2,581,458$222,927$4,272,650
3$7,430,886$2,712,383$234,073$4,484,430
4$7,802,430$2,849,854$245,777$4,706,800
5$8,192,552$2,994,199$258,065$4,940,287
6$8,602,179$3,145,761$270,969$5,185,449
7$9,032,289$3,304,902$284,517$5,442,870
8$9,483,903$3,471,999$298,743$5,713,161
9$9,958,098$3,647,451$313,680$5,996,967
10$10,456,003$3,831,676$329,364$6,294,963
11$10,978,803$4,025,112$345,832$6,607,859
12$11,527,743$4,228,220$363,124$6,936,399
13$12,104,130$4,441,483$381,280$7,281,367
14$12,709,337$4,665,410$400,344$7,643,583
15$13,344,804$4,900,532$420,361$8,023,910
16$14,012,044$5,147,411$441,379$8,423,253
17$14,712,646$5,406,634$463,448$8,842,564
18$15,448,278$5,678,818$486,621$9,282,840
19$16,220,692$5,964,611$510,952$9,745,129
20$17,031,727$6,264,694$536,499$10,230,534
21$17,883,313$6,579,781$563,324$10,740,208
22$18,777,479$6,910,622$591,491$11,275,366
23$19,716,353$7,258,006$621,065$11,837,282
24$20,702,170$7,622,758$652,118$12,427,294
25$21,737,279$8,005,748$684,724$13,046,806
26$22,824,143$8,407,888$718,961$13,697,295
27$23,965,350$8,830,135$754,909$14,380,307
28$25,163,617$9,273,493$792,654$15,097,470
29$26,421,798$9,739,020$832,287$15,850,491
30$27,742,888$10,227,824$873,901$16,641,164
Total$447,800,001$164,574,650$14,105,700$269,119,653

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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.