Powerball Annuity Jackpot Analysis for Iowa
State:

Iowa

Drawing Date:  Wed, Jan 13, 2016
Jackpot:$1,400,000,000
Federal Tax:  25%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$21,072,009$5,268,002$1,053,600$14,750,406
2$22,125,610$5,531,402$1,106,280$15,487,927
3$23,231,890$5,807,972$1,161,594$16,262,323
4$24,393,485$6,098,371$1,219,674$17,075,440
5$25,613,158$6,403,290$1,280,658$17,929,211
6$26,893,817$6,723,454$1,344,691$18,825,672
7$28,238,508$7,059,627$1,411,925$19,766,956
8$29,650,433$7,412,608$1,482,522$20,755,303
9$31,132,955$7,783,239$1,556,648$21,793,069
10$32,689,602$8,172,401$1,634,480$22,882,722
11$34,324,083$8,581,021$1,716,204$24,026,858
12$36,040,287$9,010,072$1,802,014$25,228,201
13$37,842,301$9,460,575$1,892,115$26,489,611
14$39,734,416$9,933,604$1,986,721$27,814,091
15$41,721,137$10,430,284$2,086,057$29,204,796
16$43,807,194$10,951,799$2,190,360$30,665,036
17$45,997,553$11,499,388$2,299,878$32,198,287
18$48,297,431$12,074,358$2,414,872$33,808,202
19$50,712,302$12,678,076$2,535,615$35,498,612
20$53,247,918$13,311,979$2,662,396$37,273,542
21$55,910,313$13,977,578$2,795,516$39,137,219
22$58,705,829$14,676,457$2,935,291$41,094,080
23$61,641,121$15,410,280$3,082,056$43,148,785
24$64,723,176$16,180,794$3,236,159$45,306,223
25$67,959,335$16,989,834$3,397,967$47,571,534
26$71,357,303$17,839,326$3,567,865$49,950,112
27$74,925,168$18,731,292$3,746,258$52,447,617
28$78,671,425$19,667,856$3,933,571$55,069,998
29$82,604,997$20,651,249$4,130,250$57,823,498
30$86,735,247$21,683,812$4,336,762$60,714,673
Total$1,400,000,003$350,000,001$70,000,000$980,000,002