USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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The tax information provided here is based on 2021 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 $285,600,000 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 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 3.23%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$138,848$2,605,255
2$4,513,624$1,634,113$145,790$2,733,721
3$4,739,306$1,717,615$153,080$2,868,611
4$4,976,271$1,805,293$160,734$3,010,245
5$5,225,084$1,897,353$168,770$3,158,961
6$5,486,339$1,994,018$177,209$3,315,112
7$5,760,656$2,095,515$186,069$3,479,072
8$6,048,688$2,202,087$195,373$3,651,229
9$6,351,123$2,313,988$205,141$3,831,994
10$6,668,679$2,431,483$215,398$4,021,797
11$7,002,113$2,554,854$226,168$4,221,091
12$7,352,219$2,684,393$237,477$4,430,349
13$7,719,829$2,820,409$249,350$4,650,070
14$8,105,821$2,963,226$261,818$4,880,777
15$8,511,112$3,113,184$274,909$5,123,019
16$8,936,668$3,270,639$288,654$5,377,374
17$9,383,501$3,435,968$303,087$5,644,446
18$9,852,676$3,609,562$318,241$5,924,872
19$10,345,310$3,791,837$334,154$6,219,319
20$10,862,575$3,983,225$350,861$6,528,489
21$11,405,704$4,184,183$368,404$6,853,117
22$11,975,989$4,395,188$386,824$7,193,976
23$12,574,789$4,616,744$406,166$7,551,879
24$13,203,528$4,849,378$426,474$7,927,676
25$13,863,704$5,093,643$447,798$8,322,264
26$14,556,890$5,350,121$470,188$8,736,581
27$15,284,734$5,619,424$493,697$9,171,613
28$16,048,971$5,902,191$518,382$9,628,398
29$16,851,419$6,199,097$544,301$10,108,021
30$17,693,990$6,510,849$571,516$10,611,626
Total$285,600,001$104,594,167$9,224,881$171,780,954

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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.