USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for May 27, 1992

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The tax information provided here is based on 2026 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 $7,200,000 for a ticket purchased in Idaho, 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:

Idaho

Drawing Date:Wed, May 27, 1992
Jackpot:$7,200,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$128,377$23,408$6,804$98,164
2$133,512$24,641$7,076$101,795
3$138,852$25,923$7,359$105,571
4$144,406$27,256$7,654$109,497
5$150,183$28,642$7,960$113,581
6$156,190$30,084$8,278$117,828
7$162,437$31,583$8,609$122,245
8$168,935$33,142$8,954$126,839
9$175,692$34,764$9,312$131,617
10$182,720$36,451$9,684$136,585
11$190,029$38,205$10,072$141,752
12$197,630$40,029$10,474$147,126
13$205,535$42,227$10,893$152,415
14$213,757$44,858$11,329$157,569
15$222,307$47,594$11,782$162,930
16$231,199$50,440$12,254$168,506
17$240,447$53,399$12,744$174,304
18$250,065$56,477$13,253$180,335
19$260,068$59,793$13,784$186,491
20$270,470$63,434$14,335$192,702
21$281,289$67,220$14,908$199,160
22$292,541$71,159$15,505$205,878
23$304,242$75,254$16,125$212,863
24$316,412$79,513$16,770$220,129
25$329,069$83,943$17,441$227,685
26$342,231$88,550$18,138$235,543
27$355,921$93,341$18,864$243,715
28$370,157$98,324$19,618$252,215
29$384,964$103,507$20,403$261,054
30$400,362$108,896$21,219$270,247
Total$7,200,000$1,662,057$381,601$5,156,341

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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.