USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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

The tax information provided here is based on 2021 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 $850,000,000 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 prize money, as well as deductions claimed.

State:

Idaho

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 6.925%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$885,965$7,210,006
2$13,433,406$4,934,432$930,263$7,568,710
3$14,105,076$5,182,950$976,777$7,945,349
4$14,810,330$5,443,894$1,025,615$8,340,820
5$15,550,846$5,717,885$1,076,896$8,756,065
6$16,328,389$6,005,576$1,130,741$9,192,072
7$17,144,809$6,307,651$1,187,278$9,649,879
8$18,002,049$6,624,830$1,246,642$10,130,577
9$18,902,151$6,957,868$1,308,974$10,635,309
10$19,847,259$7,307,558$1,374,423$11,165,278
11$20,839,622$7,674,732$1,443,144$11,721,746
12$21,881,603$8,060,265$1,515,301$12,306,036
13$22,975,683$8,465,075$1,591,066$12,919,542
14$24,124,467$8,890,125$1,670,619$13,563,723
15$25,330,690$9,336,428$1,754,150$14,240,112
16$26,597,225$9,805,046$1,841,858$14,950,322
17$27,927,086$10,297,094$1,933,951$15,696,041
18$29,323,440$10,813,745$2,030,648$16,479,047
19$30,789,612$11,356,229$2,132,181$17,301,203
20$32,329,093$11,925,837$2,238,790$18,164,467
21$33,945,547$12,523,925$2,350,729$19,070,893
22$35,642,825$13,151,917$2,468,266$20,022,642
23$37,424,966$13,811,310$2,591,679$21,021,978
24$39,296,214$14,503,671$2,721,263$22,071,280
25$41,261,025$15,230,651$2,857,326$23,173,047
26$43,324,077$15,993,981$3,000,192$24,329,904
27$45,490,280$16,795,476$3,150,202$25,544,603
28$47,764,794$17,637,046$3,307,712$26,820,036
29$50,153,034$18,520,695$3,473,098$28,159,241
30$52,660,686$19,448,526$3,646,752$29,565,407
Total$850,000,002$313,422,167$58,862,501$477,715,335

◄ 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.