USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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The tax information provided here is based on 2024 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 $321,000,000 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 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$280,228$2,805,436
2$5,073,086$1,835,230$294,239$2,943,618
3$5,326,740$1,929,082$308,951$3,088,708
4$5,593,078$2,027,626$324,399$3,241,053
5$5,872,731$2,131,098$340,618$3,401,015
6$6,166,368$2,239,744$357,649$3,568,975
7$6,474,687$2,353,822$375,532$3,745,333
8$6,798,421$2,473,603$394,308$3,930,509
9$7,138,342$2,599,374$414,024$4,124,944
10$7,495,259$2,731,434$434,725$4,329,100
11$7,870,022$2,870,096$456,461$4,543,465
12$8,263,523$3,015,691$479,284$4,768,547
13$8,676,699$3,168,566$503,249$5,004,884
14$9,110,534$3,329,085$528,411$5,253,038
15$9,566,061$3,497,630$554,832$5,513,599
16$10,044,364$3,674,602$582,573$5,787,188
17$10,546,582$3,860,423$611,702$6,074,457
18$11,073,911$4,055,535$642,287$6,376,089
19$11,627,606$4,260,402$674,401$6,692,803
20$12,208,987$4,475,513$708,121$7,025,353
21$12,819,436$4,701,379$743,527$7,374,530
22$13,460,408$4,938,539$780,704$7,741,166
23$14,133,428$5,187,556$819,739$8,126,133
24$14,840,100$5,449,025$860,726$8,530,349
25$15,582,105$5,723,566$903,762$8,954,776
26$16,361,210$6,011,836$948,950$9,400,424
27$17,179,271$6,314,518$996,398$9,868,355
28$18,038,234$6,632,334$1,046,218$10,359,682
29$18,940,146$6,966,042$1,098,528$10,875,576
30$19,887,153$7,316,434$1,153,455$11,417,264
Total$321,000,001$117,515,632$18,618,001$184,866,369

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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.