USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 30, 2001

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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 $103,000,000 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, Jan 30, 2001
Jackpot:$103,000,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,550,298$529,567$82,166$938,565
2$1,627,813$558,248$86,274$983,291
3$1,709,203$588,362$90,588$1,030,253
4$1,794,664$619,983$95,117$1,079,564
5$1,884,397$653,184$99,873$1,131,340
6$1,978,617$688,045$104,867$1,185,704
7$2,077,547$724,650$110,110$1,242,788
8$2,181,425$763,084$115,616$1,302,725
9$2,290,496$803,441$121,396$1,365,659
10$2,405,021$845,815$127,466$1,431,740
11$2,525,272$890,308$133,839$1,501,125
12$2,651,535$937,025$140,531$1,573,979
13$2,784,112$986,079$147,558$1,650,475
14$2,923,318$1,037,585$154,936$1,730,797
15$3,069,484$1,091,666$162,683$1,815,135
16$3,222,958$1,148,452$170,817$1,903,689
17$3,384,106$1,208,076$179,358$1,996,672
18$3,553,311$1,270,682$188,325$2,094,303
19$3,730,977$1,336,419$197,742$2,196,816
20$3,917,525$1,405,442$207,629$2,304,455
21$4,113,402$1,477,916$218,010$2,417,475
22$4,319,072$1,554,014$228,911$2,536,147
23$4,535,025$1,633,917$240,356$2,660,752
24$4,761,777$1,717,815$252,374$2,791,588
25$4,999,865$1,805,907$264,993$2,928,965
26$5,249,859$1,898,405$278,243$3,073,211
27$5,512,352$1,995,527$292,155$3,224,670
28$5,787,969$2,097,506$306,762$3,383,701
29$6,077,368$2,204,583$322,100$3,550,684
30$6,381,236$2,317,015$338,206$3,726,016
Total$103,000,000$36,788,718$5,459,001$60,752,284

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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.