USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 15, 1999

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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 $27,000,000 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 15, 1999
Jackpot:$27,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$406,389$112,611$23,571$270,207
2$426,708$119,723$24,749$282,236
3$448,044$127,190$25,987$294,867
4$470,446$135,031$27,286$308,129
5$493,968$143,264$28,650$322,054
6$518,666$151,908$30,083$336,676
7$544,600$160,985$31,587$352,028
8$571,830$170,515$33,166$368,148
9$600,421$180,522$34,824$385,075
10$630,442$191,451$36,566$402,425
11$661,964$203,115$38,394$420,456
12$695,063$215,361$40,314$439,388
13$729,816$228,220$42,329$459,267
14$766,307$241,721$44,446$480,140
15$804,622$255,898$46,668$502,056
16$844,853$270,783$49,001$525,068
17$887,096$286,413$51,452$549,231
18$931,450$302,824$54,024$574,602
19$978,023$320,056$56,725$601,241
20$1,026,924$338,150$59,562$629,213
21$1,078,270$357,148$62,540$658,583
22$1,132,184$377,096$65,667$689,421
23$1,188,793$398,041$68,950$721,802
24$1,248,233$420,034$72,397$755,801
25$1,310,644$443,126$76,017$791,501
26$1,376,177$467,373$79,818$828,985
27$1,444,985$492,832$83,809$868,344
28$1,517,235$519,565$88,000$909,670
29$1,593,096$547,633$92,400$953,063
30$1,672,751$577,106$97,020$998,626
Total$27,000,000$8,755,695$1,566,002$16,678,303

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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.