USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Feb 23, 2024

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

The tax information provided here is based on 2024 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 $525,000,000 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:Fri, Feb 23, 2024
Jackpot:$525,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,902,003$2,881,929$458,316$4,561,758
2$8,297,104$3,028,116$481,232$4,787,756
3$8,711,959$3,181,612$505,294$5,025,053
4$9,147,557$3,342,784$530,558$5,274,215
5$9,604,934$3,512,013$557,086$5,535,835
6$10,085,181$3,689,705$584,941$5,810,536
7$10,589,441$3,876,281$614,188$6,098,972
8$11,118,913$4,072,185$644,897$6,401,830
9$11,674,858$4,277,885$677,142$6,719,831
10$12,258,601$4,493,870$710,999$7,053,732
11$12,871,531$4,720,654$746,549$7,404,328
12$13,515,108$4,958,778$783,876$7,772,454
13$14,190,863$5,208,807$823,070$8,158,986
14$14,900,406$5,471,338$864,224$8,564,845
15$15,645,426$5,746,995$907,435$8,990,996
16$16,427,698$6,036,436$952,806$9,438,455
17$17,249,082$6,340,348$1,000,447$9,908,287
18$18,111,537$6,659,456$1,050,469$10,401,611
19$19,017,113$6,994,520$1,102,993$10,919,601
20$19,967,969$7,346,336$1,158,142$11,463,491
21$20,966,367$7,715,744$1,216,049$12,034,574
22$22,014,686$8,103,622$1,276,852$12,634,213
23$23,115,420$8,510,893$1,340,694$13,263,833
24$24,271,191$8,938,528$1,407,729$13,924,934
25$25,484,751$9,387,545$1,478,116$14,619,090
26$26,758,989$9,859,014$1,552,021$15,347,954
27$28,096,938$10,354,055$1,629,622$16,113,261
28$29,501,784$10,873,848$1,711,103$16,916,833
29$30,976,874$11,419,631$1,796,659$17,760,584
30$32,525,718$11,992,703$1,886,492$18,646,523
Total$525,000,001$192,995,631$30,450,001$301,554,371

◄ Back to Jackpot Analysis

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.