USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Apr 12, 2002

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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 $220,000,000 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, Apr 12, 2002
Jackpot:$220,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,311,316$1,183,375$192,056$1,935,885
2$3,476,882$1,244,634$201,659$2,030,588
3$3,650,726$1,308,956$211,742$2,130,027
4$3,833,262$1,376,495$222,329$2,234,438
5$4,024,925$1,447,410$233,446$2,344,069
6$4,226,171$1,521,871$245,118$2,459,182
7$4,437,480$1,600,055$257,374$2,580,051
8$4,659,354$1,682,149$270,243$2,706,963
9$4,892,322$1,768,347$283,755$2,840,220
10$5,136,938$1,858,855$297,942$2,980,141
11$5,393,784$1,953,888$312,839$3,127,057
12$5,663,474$2,053,673$328,481$3,281,319
13$5,946,647$2,158,447$344,906$3,443,295
14$6,243,980$2,268,460$362,151$3,613,369
15$6,556,179$2,383,974$380,258$3,791,946
16$6,883,988$2,505,263$399,271$3,979,453
17$7,228,187$2,632,617$419,235$4,176,335
18$7,589,596$2,766,338$440,197$4,383,061
19$7,969,076$2,906,746$462,206$4,600,124
20$8,367,530$3,054,174$485,317$4,828,039
21$8,785,906$3,208,973$509,583$5,067,351
22$9,225,202$3,371,512$535,062$5,318,628
23$9,686,462$3,542,179$561,815$5,582,468
24$10,170,785$3,721,378$589,906$5,859,501
25$10,679,324$3,909,538$619,401$6,150,386
26$11,213,290$4,107,105$650,371$6,455,814
27$11,773,955$4,314,551$682,889$6,776,514
28$12,362,653$4,532,369$717,034$7,113,249
29$12,980,785$4,761,078$752,886$7,466,821
30$13,629,825$5,001,223$790,530$7,838,072
Total$220,000,000$80,145,633$12,760,002$127,094,366

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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.