USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 9, 1998

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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 $14,000,000 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, Jan 9, 1998
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$210,720$45,117$12,001$153,603
2$221,256$48,488$12,601$160,167
3$232,319$52,029$13,231$167,060
4$243,935$55,752$13,892$174,291
5$256,132$60,021$14,587$181,524
6$268,938$64,503$15,316$189,119
7$282,385$69,210$16,082$197,094
8$296,504$74,151$16,886$205,467
9$311,330$79,340$17,730$214,259
10$326,896$84,788$18,617$223,491
11$343,241$90,509$19,548$233,184
12$360,403$96,516$20,525$243,362
13$378,423$102,823$21,551$254,049
14$397,344$109,445$22,629$265,270
15$417,211$116,399$23,760$277,052
16$438,072$123,700$24,948$289,424
17$459,976$131,366$26,196$302,414
18$482,974$139,416$27,505$316,053
19$507,123$147,868$28,881$330,375
20$532,479$156,742$30,325$345,412
21$559,103$166,061$31,841$361,201
22$587,058$175,845$33,433$377,780
23$616,411$186,260$35,105$395,047
24$647,232$197,664$36,860$412,708
25$679,593$209,637$38,703$431,253
26$713,573$222,210$40,638$450,725
27$749,252$235,411$42,670$471,171
28$786,714$249,272$44,803$492,639
29$826,050$263,826$47,044$515,180
30$867,352$279,108$49,396$538,849
Total$14,000,000$4,033,477$797,304$9,169,223

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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.