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: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$210,720$45,117$12,222$153,381
2$221,256$48,488$12,833$159,935
3$232,319$52,029$13,474$166,816
4$243,935$55,752$14,148$174,035
5$256,132$60,021$14,856$181,255
6$268,938$64,503$15,598$188,837
7$282,385$69,210$16,378$196,797
8$296,504$74,151$17,197$205,156
9$311,330$79,340$18,057$213,932
10$326,896$84,788$18,960$223,148
11$343,241$90,509$19,908$232,824
12$360,403$96,516$20,903$242,984
13$378,423$102,823$21,949$253,652
14$397,344$109,445$23,046$264,853
15$417,211$116,399$24,198$276,614
16$438,072$123,700$25,408$288,964
17$459,976$131,366$26,679$301,931
18$482,974$139,416$28,013$315,546
19$507,123$147,868$29,413$329,842
20$532,479$156,742$30,884$344,853
21$559,103$166,061$32,428$360,614
22$587,058$175,845$34,049$377,164
23$616,411$186,260$35,752$394,399
24$647,232$197,664$37,539$412,029
25$679,593$209,637$39,416$430,540
26$713,573$222,210$41,387$449,976
27$749,252$235,411$43,457$470,384
28$786,714$249,272$45,629$491,813
29$826,050$263,826$47,911$514,313
30$867,352$279,108$50,306$537,938
Total$14,000,000$4,033,477$811,998$9,154,525

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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.