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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: 3.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$158,214$3,043,109
2$5,273,797$1,914,260$166,125$3,193,413
3$5,537,487$2,011,825$174,431$3,351,231
4$5,814,361$2,114,269$183,152$3,516,940
5$6,105,079$2,221,834$192,310$3,690,935
6$6,410,333$2,334,778$201,925$3,873,629
7$6,730,850$2,453,370$212,022$4,065,459
8$7,067,393$2,577,890$222,623$4,266,879
9$7,420,762$2,708,637$233,754$4,478,371
10$7,791,800$2,845,921$245,442$4,700,437
11$8,181,390$2,990,069$257,714$4,933,607
12$8,590,460$3,141,425$270,599$5,178,435
13$9,019,983$3,300,349$284,129$5,435,505
14$9,470,982$3,467,218$298,336$5,705,428
15$9,944,531$3,642,431$313,253$5,988,847
16$10,441,758$3,826,405$328,915$6,286,437
17$10,963,845$4,019,578$345,361$6,598,906
18$11,512,038$4,222,409$362,629$6,927,000
19$12,087,639$4,435,382$380,761$7,271,497
20$12,692,022$4,659,003$399,799$7,633,220
21$13,326,623$4,893,805$419,789$8,013,029
22$13,992,954$5,140,348$440,778$8,411,828
23$14,692,601$5,399,218$462,817$8,830,567
24$15,427,231$5,671,031$485,958$9,270,243
25$16,198,593$5,956,434$510,256$9,731,903
26$17,008,523$6,256,108$535,768$10,216,646
27$17,858,949$6,570,766$562,557$10,725,626
28$18,751,896$6,901,157$590,685$11,260,055
29$19,689,491$7,248,067$620,219$11,821,205
30$20,673,966$7,612,322$651,230$12,410,413
Total$333,700,001$122,357,650$10,511,551$200,830,800

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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.