USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Feb 7, 1997

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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 $9,000,000 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 7, 1997
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$7,715$102,390
2$142,236$26,984$8,100$107,152
3$149,348$28,690$8,505$112,152
4$156,815$30,483$8,931$117,402
5$164,656$32,364$9,377$122,914
6$172,889$34,340$9,846$128,702
7$181,533$36,415$10,338$134,780
8$190,610$38,593$10,855$141,161
9$200,140$41,108$11,398$147,634
10$210,147$44,310$11,968$153,869
11$220,655$47,673$12,566$160,416
12$231,688$51,203$13,195$167,290
13$243,272$54,910$13,854$174,508
14$255,436$58,950$14,547$181,939
15$268,207$63,420$15,274$189,513
16$281,618$68,113$16,038$197,466
17$295,699$73,042$16,840$205,817
18$310,483$78,216$17,682$214,585
19$326,008$83,650$18,566$223,792
20$342,308$89,355$19,494$233,459
21$359,423$95,345$20,469$243,609
22$377,395$101,635$21,493$254,267
23$396,264$108,240$22,567$265,457
24$416,078$115,174$23,696$277,208
25$436,881$122,456$24,880$289,545
26$458,726$130,101$26,124$302,500
27$481,662$138,129$27,431$316,102
28$505,745$146,558$28,802$330,385
29$531,032$155,408$30,242$345,381
30$557,584$164,702$31,754$361,128
Total$9,000,000$2,284,925$512,547$6,202,523

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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.