USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Idaho

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $378,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Idaho

Drawing Date:  Fri, Jun 5, 2020
Jackpot:$378,000,000
Federal Tax:  24%
State Tax:6.93%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,689,442$1,365,466$393,994$3,929,982
2$5,973,915$1,433,740$413,694$4,126,482
3$6,272,610$1,505,426$434,378$4,332,806
4$6,586,241$1,580,698$456,097$4,549,446
5$6,915,553$1,659,733$478,902$4,776,918
6$7,261,330$1,742,719$502,847$5,015,764
7$7,624,397$1,829,855$527,990$5,266,552
8$8,005,617$1,921,348$554,389$5,529,880
9$8,405,898$2,017,415$582,108$5,806,374
10$8,826,193$2,118,286$611,214$6,096,693
11$9,267,502$2,224,201$641,775$6,401,527
12$9,730,877$2,335,411$673,863$6,721,604
13$10,217,421$2,452,181$707,556$7,057,684
14$10,728,292$2,574,790$742,934$7,410,568
15$11,264,707$2,703,530$780,081$7,781,096
16$11,827,942$2,838,706$819,085$8,170,151
17$12,419,339$2,980,641$860,039$8,578,659
18$13,040,306$3,129,674$903,041$9,007,592
19$13,692,322$3,286,157$948,193$9,457,971
20$14,376,938$3,450,465$995,603$9,930,870
21$15,095,785$3,622,988$1,045,383$10,427,413
22$15,850,574$3,804,138$1,097,652$10,948,784
23$16,643,103$3,994,345$1,152,535$11,496,223
24$17,475,258$4,194,062$1,210,162$12,071,034
25$18,349,020$4,403,765$1,270,670$12,674,586
26$19,266,472$4,623,953$1,334,203$13,308,315
27$20,229,795$4,855,151$1,400,913$13,973,731
28$21,241,285$5,097,908$1,470,959$14,672,417
29$22,303,349$5,352,804$1,544,507$15,406,038
30$23,418,517$5,620,444$1,621,732$16,176,340
Total$378,000,001$90,720,000$26,176,500$261,103,501
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.