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Jackpot Analysis For Indiana
Powerball |
MIE, 10/02/2010 |
Annuity |
Cash |
Jackpot Amount |
$20,000,000 |
$9,900,000 |
Gross Prize |
30
Annual Payments of $666,666 |
Lump-Sum Cash $9,900,000 |
Less 25% Federal Tax |
-$166,666 |
-$2,475,000 |
Less 3.4% State Tax |
-$22,666 |
-$336,600 |
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Yearly Net Pay: $477,334
Total Pay After 30 payments:
$14,320,020 |
Lump-Sum Net Payout: $7,088,400 |
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