USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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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 $77,000,000 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:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$75,332$691,858
2$1,216,909$413,211$79,099$724,598
3$1,277,754$435,724$83,054$758,976
4$1,341,642$459,362$87,207$795,073
5$1,408,724$484,183$91,567$832,974
6$1,479,160$510,244$96,145$872,770
7$1,553,118$537,609$100,953$914,557
8$1,630,774$566,341$106,000$958,432
9$1,712,313$596,511$111,300$1,004,502
10$1,797,928$628,188$116,865$1,052,874
11$1,887,825$661,450$122,709$1,103,666
12$1,982,216$696,375$128,844$1,156,997
13$2,081,327$733,046$135,286$1,212,995
14$2,185,393$771,550$142,051$1,271,792
15$2,294,663$811,980$149,153$1,333,529
16$2,409,396$854,431$156,611$1,398,354
17$2,529,865$899,005$164,441$1,466,419
18$2,656,359$945,808$172,663$1,537,888
19$2,789,177$994,950$181,296$1,612,930
20$2,928,635$1,046,550$190,361$1,691,724
21$3,075,067$1,100,730$199,879$1,774,458
22$3,228,821$1,157,619$209,873$1,861,329
23$3,390,262$1,217,352$220,367$1,952,543
24$3,559,775$1,280,072$231,385$2,048,318
25$3,737,763$1,345,927$242,955$2,148,881
26$3,924,652$1,415,076$255,102$2,254,473
27$4,120,884$1,487,682$267,857$2,365,345
28$4,326,928$1,563,918$281,250$2,481,760
29$4,543,275$1,643,967$295,313$2,603,995
30$4,770,439$1,728,017$310,079$2,732,343
Total$77,000,000$27,378,648$5,004,997$44,616,353

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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.