USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 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 $35,000,000 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 22, 1999
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$154,755$30,554$341,491
2$553,140$163,974$32,082$357,084
3$580,797$173,654$33,686$373,457
4$609,837$183,827$35,371$390,639
5$640,329$195,109$37,139$408,080
6$672,345$206,956$38,996$426,394
7$705,963$219,394$40,946$445,623
8$741,261$232,454$42,993$465,813
9$778,324$246,168$45,143$487,014
10$817,240$260,567$47,400$509,274
11$858,102$275,686$49,770$532,647
12$901,007$291,560$52,258$557,188
13$946,058$308,229$54,871$582,957
14$993,360$325,731$57,615$610,014
15$1,043,028$344,108$60,496$638,425
16$1,095,180$363,404$63,520$668,255
17$1,149,939$383,665$66,696$699,577
18$1,207,436$404,939$70,031$732,466
19$1,267,808$427,277$73,533$766,998
20$1,331,198$450,731$77,209$803,257
21$1,397,758$475,358$81,070$841,330
22$1,467,646$501,217$85,123$881,306
23$1,541,028$528,368$89,380$923,280
24$1,618,079$556,877$93,849$967,354
25$1,698,983$586,812$98,541$1,013,631
26$1,783,933$618,243$103,468$1,062,222
27$1,873,129$651,246$108,641$1,113,242
28$1,966,786$685,898$114,074$1,166,814
29$2,065,125$722,284$119,777$1,223,064
30$2,168,381$760,489$125,766$1,282,126
Total$35,000,000$11,698,980$2,029,998$21,271,022

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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.