USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 14, 2025

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The tax information provided here is based on 2025 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 Mega Millions 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 $95,000,000 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:Tue, Jan 14, 2025
Jackpot:$95,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,429,886$486,078$81,432$862,376
2$1,501,381$512,531$85,504$903,346
3$1,576,450$540,307$89,779$946,364
4$1,655,272$569,471$94,268$991,533
5$1,738,036$600,093$98,981$1,038,961
6$1,824,938$632,247$103,930$1,088,760
7$1,916,184$666,009$109,127$1,141,049
8$2,011,994$701,458$114,583$1,195,953
9$2,112,593$738,680$120,312$1,253,601
10$2,218,223$777,763$126,328$1,314,132
11$2,329,134$818,800$132,644$1,377,690
12$2,445,591$861,889$139,276$1,444,426
13$2,567,870$907,132$146,240$1,514,498
14$2,696,264$954,638$153,552$1,588,074
15$2,831,077$1,004,519$161,230$1,665,329
16$2,972,631$1,056,894$169,291$1,746,446
17$3,121,263$1,111,887$177,756$1,831,619
18$3,277,326$1,169,631$186,644$1,921,051
19$3,441,192$1,230,261$195,976$2,014,955
20$3,613,252$1,293,923$205,775$2,113,554
21$3,793,914$1,360,768$216,063$2,217,082
22$3,983,610$1,430,956$226,867$2,325,787
23$4,182,790$1,504,653$238,210$2,439,928
24$4,391,930$1,582,034$250,120$2,559,775
25$4,611,526$1,663,285$262,626$2,685,615
26$4,842,103$1,748,598$275,758$2,817,747
27$5,084,208$1,838,177$289,546$2,956,485
28$5,338,418$1,932,235$304,023$3,102,160
29$5,605,339$2,030,996$319,224$3,255,119
30$5,885,606$2,134,694$335,185$3,415,726
Total$95,000,000$33,860,607$5,410,250$55,729,141

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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.