USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Nov 26, 2022

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

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 $45,700,000 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 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 3.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$21,667$448,724
2$722,243$230,185$22,751$469,308
3$758,355$243,546$23,888$490,921
4$796,273$257,576$25,083$513,614
5$836,087$272,307$26,337$537,443
6$877,891$287,775$27,654$562,463
7$921,786$304,016$29,036$588,734
8$967,875$321,069$30,488$616,318
9$1,016,269$338,974$32,012$645,282
10$1,067,082$357,775$33,613$675,694
11$1,120,436$377,516$35,294$707,626
12$1,176,458$398,244$37,058$741,155
13$1,235,281$420,009$38,911$776,361
14$1,297,045$442,862$40,857$813,326
15$1,361,897$466,857$42,900$852,140
16$1,429,992$492,052$45,045$892,895
17$1,501,492$518,507$47,297$935,688
18$1,576,566$546,284$49,662$980,620
19$1,655,394$575,451$52,145$1,027,799
20$1,738,164$606,076$54,752$1,077,336
21$1,825,072$638,232$57,490$1,129,351
22$1,916,326$671,996$60,364$1,183,966
23$2,012,142$707,448$63,382$1,241,312
24$2,112,749$744,672$66,552$1,301,526
25$2,218,387$783,758$69,879$1,364,750
26$2,329,306$824,798$73,373$1,431,135
27$2,445,772$867,890$77,042$1,500,839
28$2,568,060$913,137$80,894$1,574,029
29$2,696,463$960,646$84,939$1,650,878
30$2,831,286$1,010,531$89,186$1,731,570
Total$45,700,000$15,797,649$1,439,551$28,462,803

◄ 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.