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Indiana Powerball Jackpot Annuity Payout Schedule for Mar 23, 2024

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The tax information provided here is based on 2024 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 $758,100,000 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:Sat, Mar 23, 2024
Jackpot:$758,100,000
Federal Tax:37% marginal rate
State Tax: 3.05%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,410,493$4,180,070$348,020$6,882,403
2$11,981,018$4,391,164$365,421$7,224,432
3$12,580,068$4,612,813$383,692$7,583,563
4$13,209,072$4,845,544$402,877$7,960,651
5$13,869,525$5,089,912$423,021$8,356,593
6$14,563,002$5,346,498$444,172$8,772,332
7$15,291,152$5,615,914$466,380$9,208,858
8$16,055,710$5,898,800$489,699$9,667,210
9$16,858,495$6,195,831$514,184$10,148,480
10$17,701,420$6,507,713$539,893$10,653,813
11$18,586,491$6,835,189$566,888$11,184,414
12$19,515,815$7,179,039$595,232$11,741,544
13$20,491,606$7,540,082$624,994$12,326,530
14$21,516,186$7,919,177$656,244$12,940,766
15$22,591,996$8,317,226$689,056$13,585,714
16$23,721,596$8,735,178$723,509$14,262,909
17$24,907,675$9,174,027$759,684$14,973,963
18$26,153,059$9,634,820$797,668$15,720,571
19$27,460,712$10,118,651$837,552$16,504,509
20$28,833,747$10,626,674$879,429$17,327,644
21$30,275,435$11,160,099$923,401$18,191,935
22$31,789,206$11,720,194$969,571$19,099,441
23$33,378,667$12,308,295$1,018,049$20,052,323
24$35,047,600$12,925,800$1,068,952$21,052,848
25$36,799,980$13,574,180$1,122,399$22,103,400
26$38,639,979$14,254,980$1,178,519$23,206,480
27$40,571,978$14,969,820$1,237,445$24,364,713
28$42,600,577$15,720,401$1,299,318$25,580,858
29$44,730,606$16,508,512$1,364,283$26,857,810
30$46,967,136$17,336,028$1,432,498$28,198,610
Total$758,100,002$279,242,631$23,122,050$455,735,317

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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.