USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 2013

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $47,000,000 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 prize money, as well as deductions claimed.

State:

Idaho

Drawing Date:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$45,982$436,736
2$742,788$237,787$48,281$456,720
3$779,928$251,528$50,695$477,704
4$818,924$265,957$53,230$499,737
5$859,870$281,107$55,892$522,872
6$902,864$297,015$58,686$547,163
7$948,007$313,718$61,620$572,669
8$995,407$331,256$64,701$599,450
9$1,045,178$349,671$67,937$627,570
10$1,097,437$369,007$71,333$657,097
11$1,152,308$389,309$74,900$688,099
12$1,209,924$410,627$78,645$720,652
13$1,270,420$433,010$82,577$754,832
14$1,333,941$456,513$86,706$790,722
15$1,400,638$481,191$91,041$828,406
16$1,470,670$507,103$95,594$867,974
17$1,544,204$534,310$100,373$909,520
18$1,621,414$562,878$105,392$953,144
19$1,702,484$592,874$110,661$998,949
20$1,787,609$624,370$116,195$1,047,044
21$1,876,989$657,441$122,004$1,097,544
22$1,970,839$692,165$128,105$1,150,569
23$2,069,380$728,626$134,510$1,206,245
24$2,172,849$766,909$141,235$1,264,705
25$2,281,492$807,107$148,297$1,326,088
26$2,395,567$849,315$155,712$1,390,540
27$2,515,345$893,633$163,497$1,458,215
28$2,641,112$940,166$171,672$1,529,273
29$2,773,168$989,027$180,256$1,603,885
30$2,911,826$1,040,331$189,269$1,682,227
Total$47,000,000$16,278,650$3,054,998$27,666,351

◄ Back to Jackpot Analysis

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.