USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 4, 2011

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The tax information provided here is based on 2022 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 $380,000,000 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 4, 2011
Jackpot:$380,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,079,187$331,734$3,308,625
2$6,005,523$2,184,998$348,320$3,472,204
3$6,305,799$2,296,101$365,736$3,643,962
4$6,621,089$2,412,758$384,023$3,824,308
5$6,952,143$2,535,248$403,224$4,013,671
6$7,299,750$2,663,863$423,386$4,212,502
7$7,664,738$2,798,908$444,555$4,421,275
8$8,047,975$2,940,706$466,783$4,640,487
9$8,450,374$3,089,593$490,122$4,870,659
10$8,872,892$3,245,925$514,628$5,112,339
11$9,316,537$3,410,074$540,359$5,366,104
12$9,782,364$3,582,430$567,377$5,632,557
13$10,271,482$3,763,403$595,746$5,912,333
14$10,785,056$3,953,426$625,533$6,206,097
15$11,324,309$4,152,949$656,810$6,514,549
16$11,890,524$4,362,449$689,650$6,838,425
17$12,485,050$4,582,424$724,133$7,178,494
18$13,109,303$4,813,397$760,340$7,535,566
19$13,764,768$5,055,919$798,357$7,910,492
20$14,453,006$5,310,567$838,274$8,304,165
21$15,175,656$5,577,948$880,188$8,717,520
22$15,934,439$5,858,698$924,197$9,151,544
23$16,731,161$6,153,485$970,407$9,607,269
24$17,567,719$6,463,011$1,018,928$10,085,780
25$18,446,105$6,788,014$1,069,874$10,588,217
26$19,368,411$7,129,267$1,123,368$11,115,776
27$20,336,831$7,487,583$1,179,536$11,669,712
28$21,353,673$7,863,814$1,238,513$12,251,346
29$22,421,356$8,258,857$1,300,439$12,862,061
30$23,542,424$8,673,652$1,365,461$13,503,312
Total$380,000,001$139,488,654$22,040,001$218,471,351

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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.