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Indiana Powerball Jackpot Annuity Payout Schedule for Nov 19, 2022

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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 $92,900,000 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, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 3.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$44,046$873,915
2$1,468,192$506,186$46,248$915,758
3$1,541,602$533,348$48,560$959,694
4$1,618,682$561,867$50,988$1,005,826
5$1,699,616$591,813$53,538$1,054,265
6$1,784,597$623,256$56,215$1,105,126
7$1,873,827$656,271$59,026$1,158,530
8$1,967,518$690,937$61,977$1,214,605
9$2,065,894$727,336$65,076$1,273,483
10$2,169,189$765,555$68,329$1,335,304
11$2,277,648$805,685$71,746$1,400,217
12$2,391,530$847,821$75,333$1,468,376
13$2,511,107$892,065$79,100$1,539,943
14$2,636,662$938,520$83,055$1,615,087
15$2,768,495$987,298$87,208$1,693,990
16$2,906,920$1,038,515$91,568$1,776,837
17$3,052,266$1,092,293$96,146$1,863,826
18$3,204,880$1,148,760$100,954$1,955,165
19$3,365,123$1,208,051$106,001$2,051,071
20$3,533,380$1,270,305$111,301$2,151,773
21$3,710,049$1,335,673$116,867$2,257,509
22$3,895,551$1,404,309$122,710$2,368,532
23$4,090,329$1,476,377$128,845$2,485,107
24$4,294,845$1,552,048$135,288$2,607,510
25$4,509,587$1,631,502$142,052$2,736,033
26$4,735,067$1,714,930$149,155$2,870,982
27$4,971,820$1,802,528$156,612$3,012,679
28$5,220,411$1,894,507$164,443$3,161,461
29$5,481,432$1,991,085$172,665$3,317,682
30$5,755,503$2,092,491$181,298$3,481,714
Total$92,900,000$33,261,650$2,926,350$56,712,000

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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.