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Idaho Mega Millions Jackpot Annuity Payout Schedule for Nov 5, 2013

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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 $99,000,000 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, Nov 5, 2013
Jackpot:$99,000,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,490,092$507,291$78,975$903,826
2$1,564,597$534,858$82,924$946,815
3$1,642,826$563,803$87,070$991,954
4$1,724,968$594,195$91,423$1,039,349
5$1,811,216$626,107$95,994$1,089,114
6$1,901,777$659,615$100,794$1,141,368
7$1,996,866$694,798$105,834$1,196,234
8$2,096,709$731,740$111,126$1,253,844
9$2,201,545$770,529$116,682$1,314,334
10$2,311,622$811,257$122,516$1,377,849
11$2,427,203$854,022$128,642$1,444,539
12$2,548,563$898,926$135,074$1,514,564
13$2,675,991$946,074$141,828$1,588,090
14$2,809,791$995,580$148,919$1,665,292
15$2,950,280$1,047,561$156,365$1,746,355
16$3,097,794$1,102,141$164,183$1,831,470
17$3,252,684$1,159,450$172,392$1,920,841
18$3,415,318$1,219,625$181,012$2,014,681
19$3,586,084$1,282,808$190,062$2,113,213
20$3,765,388$1,349,151$199,566$2,216,672
21$3,953,658$1,418,811$209,544$2,325,303
22$4,151,341$1,491,953$220,021$2,439,366
23$4,358,908$1,568,753$231,022$2,559,133
24$4,576,853$1,649,393$242,573$2,684,887
25$4,805,696$1,734,065$254,702$2,816,929
26$5,045,981$1,822,970$267,437$2,955,574
27$5,298,280$1,916,321$280,809$3,101,150
28$5,563,194$2,014,339$294,849$3,254,005
29$5,841,353$2,117,258$309,592$3,414,504
30$6,133,421$2,225,323$325,071$3,583,027
Total$99,000,000$35,308,717$5,247,001$58,444,282

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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.