USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 2000

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The tax information provided here is based on 2026 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 $46,000,000 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:Tue, Sep 5, 2000
Jackpot:$46,000,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$692,366$212,133$36,695$443,538
2$726,984$224,941$38,530$463,513
3$763,334$238,391$40,457$484,486
4$801,500$252,512$42,480$506,508
5$841,575$267,340$44,603$529,632
6$883,654$282,909$46,834$553,911
7$927,837$299,257$49,175$579,405
8$974,229$316,422$51,634$606,173
9$1,022,940$334,445$54,216$634,279
10$1,074,087$353,369$56,927$663,791
11$1,127,791$373,240$59,773$694,778
12$1,184,181$394,104$62,762$727,315
13$1,243,390$416,012$65,900$761,479
14$1,305,559$439,014$69,195$797,351
15$1,370,837$463,167$72,654$835,016
16$1,439,379$488,528$76,287$874,565
17$1,511,348$515,156$80,101$916,091
18$1,586,916$543,116$84,107$959,693
19$1,666,261$572,474$88,312$1,005,476
20$1,749,574$603,300$92,727$1,053,547
21$1,837,053$635,667$97,364$1,104,022
22$1,928,906$669,652$102,232$1,157,021
23$2,025,351$705,337$107,344$1,212,670
24$2,126,619$742,806$112,711$1,271,102
25$2,232,950$782,149$118,346$1,332,455
26$2,344,597$823,458$124,264$1,396,875
27$2,461,827$866,833$130,477$1,464,517
28$2,584,918$912,377$137,001$1,535,541
29$2,714,164$960,198$143,851$1,610,115
30$2,849,872$1,010,410$151,043$1,688,419
Total$46,000,000$15,698,717$2,438,002$27,863,284

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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.