USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,450,832$202,201$4,086,999
2$7,077,034$2,575,523$212,311$4,289,200
3$7,430,886$2,706,448$222,927$4,501,511
4$7,802,430$2,843,920$234,073$4,724,438
5$8,192,552$2,988,264$245,777$4,958,511
6$8,602,179$3,139,827$258,065$5,204,287
7$9,032,289$3,298,967$270,969$5,462,353
8$9,483,903$3,466,064$284,517$5,733,321
9$9,958,098$3,641,517$298,743$6,017,839
10$10,456,003$3,825,741$313,680$6,316,581
11$10,978,803$4,019,177$329,364$6,630,262
12$11,527,743$4,222,285$345,832$6,959,626
13$12,104,130$4,435,548$363,124$7,305,458
14$12,709,337$4,659,475$381,280$7,668,582
15$13,344,804$4,894,598$400,344$8,049,862
16$14,012,044$5,141,477$420,361$8,450,206
17$14,712,646$5,400,699$441,379$8,870,567
18$15,448,278$5,672,883$463,448$9,311,947
19$16,220,692$5,958,676$486,621$9,775,395
20$17,031,727$6,258,759$510,952$10,262,016
21$17,883,313$6,573,846$536,499$10,772,968
22$18,777,479$6,904,687$563,324$11,309,467
23$19,716,353$7,252,071$591,491$11,872,791
24$20,702,170$7,616,823$621,065$12,464,282
25$21,737,279$7,999,813$652,118$13,085,347
26$22,824,143$8,401,953$684,724$13,737,466
27$23,965,350$8,824,200$718,961$14,422,190
28$25,163,617$9,267,559$754,909$15,141,150
29$26,421,798$9,733,086$792,654$15,896,059
30$27,742,888$10,221,889$832,287$16,688,713
Total$447,800,001$164,396,607$13,434,000$269,969,394

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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.