USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Feb 9, 2007

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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 $91,000,000 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, Feb 9, 2007
Jackpot:$91,000,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,369,681$462,739$72,593$834,348
2$1,438,165$488,078$76,223$873,864
3$1,510,073$514,684$80,034$915,355
4$1,585,577$542,621$84,036$958,920
5$1,664,855$571,954$88,237$1,004,664
6$1,748,098$602,754$92,649$1,052,695
7$1,835,503$635,093$97,282$1,103,128
8$1,927,278$669,050$102,146$1,156,082
9$2,023,642$704,705$107,253$1,211,684
10$2,124,824$742,142$112,616$1,270,066
11$2,231,065$781,451$118,246$1,331,367
12$2,342,619$822,726$124,159$1,395,734
13$2,459,750$866,065$130,367$1,463,318
14$2,582,737$911,570$136,885$1,534,282
15$2,711,874$959,351$143,729$1,608,794
16$2,847,468$1,009,520$150,916$1,687,032
17$2,989,841$1,062,198$158,462$1,769,181
18$3,139,333$1,117,510$166,385$1,855,438
19$3,296,300$1,175,588$174,704$1,946,008
20$3,461,115$1,236,570$183,439$2,041,106
21$3,634,170$1,300,600$192,611$2,140,959
22$3,815,879$1,367,832$202,242$2,245,805
23$4,006,673$1,438,426$212,354$2,355,893
24$4,207,006$1,512,550$222,971$2,471,485
25$4,417,357$1,590,379$234,120$2,592,858
26$4,638,225$1,672,100$245,826$2,720,298
27$4,870,136$1,757,908$258,117$2,854,111
28$5,113,643$1,848,005$271,023$2,994,615
29$5,369,325$1,942,607$284,574$3,142,143
30$5,637,791$2,041,940$298,803$3,297,048
Total$91,000,000$32,348,716$4,823,002$53,828,281

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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.