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Indiana Powerball Jackpot Annuity Payout Schedule for Dec 30, 2024

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The tax information provided here is based on 2025 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 $166,000,000 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 money, as well as deductions claimed.

State:

Indiana

Drawing Date:Mon, Dec 30, 2024
Jackpot:$166,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$881,479$74,956$1,542,103
2$2,623,465$927,702$78,704$1,617,059
3$2,754,638$976,236$82,639$1,695,763
4$2,892,370$1,027,197$86,771$1,778,402
5$3,036,989$1,080,706$91,110$1,865,173
6$3,188,838$1,136,890$95,665$1,956,283
7$3,348,280$1,195,884$100,448$2,051,948
8$3,515,694$1,257,827$105,471$2,152,396
9$3,691,479$1,322,867$110,744$2,257,867
10$3,876,053$1,391,160$116,282$2,368,611
11$4,069,856$1,462,867$122,096$2,484,893
12$4,273,348$1,538,159$128,200$2,606,989
13$4,487,016$1,617,216$134,610$2,735,189
14$4,711,367$1,700,226$141,341$2,869,800
15$4,946,935$1,787,386$148,408$3,011,141
16$5,194,282$1,878,904$155,828$3,159,549
17$5,453,996$1,974,999$163,620$3,315,377
18$5,726,695$2,075,898$171,801$3,478,997
19$6,013,030$2,181,841$180,391$3,650,798
20$6,313,682$2,293,082$189,410$3,831,189
21$6,629,366$2,409,886$198,881$4,020,599
22$6,960,834$2,532,529$208,825$4,219,480
23$7,308,876$2,661,304$219,266$4,428,305
24$7,674,319$2,796,518$230,230$4,647,571
25$8,058,035$2,938,493$241,741$4,877,801
26$8,460,937$3,087,567$253,828$5,119,542
27$8,883,984$3,244,094$266,520$5,373,370
28$9,328,183$3,408,448$279,845$5,639,890
29$9,794,592$3,581,019$293,838$5,919,735
30$10,284,322$3,762,219$308,530$6,213,573
Total$166,000,000$60,130,603$4,979,999$100,889,393

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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.