USA Mega

Indiana Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 3.23%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$162,232$3,039,091
2$5,273,797$1,914,260$170,344$3,189,194
3$5,537,487$2,011,825$178,861$3,346,801
4$5,814,361$2,114,269$187,804$3,512,289
5$6,105,079$2,221,834$197,194$3,686,051
6$6,410,333$2,334,778$207,054$3,868,501
7$6,730,850$2,453,370$217,406$4,060,074
8$7,067,393$2,577,890$228,277$4,261,226
9$7,420,762$2,708,637$239,691$4,472,435
10$7,791,800$2,845,921$251,675$4,694,204
11$8,181,390$2,990,069$264,259$4,927,062
12$8,590,460$3,141,425$277,472$5,171,563
13$9,019,983$3,300,349$291,345$5,428,289
14$9,470,982$3,467,218$305,913$5,697,851
15$9,944,531$3,642,431$321,208$5,980,891
16$10,441,758$3,826,405$337,269$6,278,084
17$10,963,845$4,019,578$354,132$6,590,135
18$11,512,038$4,222,409$371,839$6,917,790
19$12,087,639$4,435,382$390,431$7,261,827
20$12,692,022$4,659,003$409,952$7,623,066
21$13,326,623$4,893,805$430,450$8,002,367
22$13,992,954$5,140,348$451,972$8,400,633
23$14,692,601$5,399,218$474,571$8,818,813
24$15,427,231$5,671,031$498,300$9,257,901
25$16,198,593$5,956,434$523,215$9,718,944
26$17,008,523$6,256,108$549,375$10,203,039
27$17,858,949$6,570,766$576,844$10,711,339
28$18,751,896$6,901,157$605,686$11,245,053
29$19,689,491$7,248,067$635,971$11,805,454
30$20,673,966$7,612,322$667,769$12,393,874
Total$333,700,001$122,357,650$10,778,511$200,563,841

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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.