USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Sep 18, 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 $18,000,000 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, Sep 18, 1998
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$15,429$190,298
2$284,472$69,940$16,201$198,331
3$298,696$74,918$17,011$206,767
4$313,631$80,145$17,861$215,624
5$329,312$85,634$18,754$224,924
6$345,778$91,397$19,692$234,689
7$363,067$97,448$20,677$244,942
8$381,220$103,802$21,710$255,708
9$400,281$110,473$22,796$267,012
10$420,295$117,478$23,936$278,881
11$441,310$124,833$25,133$291,344
12$463,375$132,556$26,389$304,430
13$486,544$140,665$27,709$318,170
14$510,871$149,180$29,094$332,597
15$536,415$158,120$30,549$347,746
16$563,235$167,507$32,076$363,652
17$591,397$177,364$33,680$380,353
18$620,967$187,946$35,364$397,657
19$652,015$199,433$37,132$415,450
20$684,616$211,496$38,989$434,131
21$718,847$224,161$40,938$453,747
22$754,789$237,460$42,985$474,344
23$792,529$251,423$45,135$495,971
24$832,155$266,085$47,391$518,679
25$873,763$281,480$49,761$542,522
26$917,451$297,645$52,249$567,558
27$963,324$314,617$54,861$593,845
28$1,011,490$332,439$57,604$621,446
29$1,062,064$351,152$60,485$650,428
30$1,115,167$370,800$63,509$680,859
Total$18,000,000$5,472,796$1,025,100$11,502,105

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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.