USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 2014

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The tax information provided here is based on 2025 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 $33,000,000 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:Fri, Sep 5, 2014
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$143,391$28,287$325,019
2$521,532$152,084$29,701$339,747
3$547,609$161,210$31,186$355,212
4$574,989$170,794$32,746$371,450
5$603,739$180,856$34,383$388,500
6$633,926$191,573$36,102$406,251
7$665,622$203,300$37,907$424,414
8$698,903$215,614$39,803$443,486
9$733,848$228,544$41,793$463,511
10$770,541$242,120$43,882$484,538
11$809,068$256,375$46,076$506,616
12$849,521$271,343$48,380$529,798
13$891,997$287,059$50,799$554,139
14$936,597$303,561$53,339$579,697
15$983,427$320,888$56,006$606,532
16$1,032,598$339,082$58,806$634,710
17$1,084,228$358,185$61,747$664,297
18$1,138,439$378,243$64,834$695,362
19$1,195,361$399,304$68,076$727,982
20$1,255,129$421,418$71,480$762,232
21$1,317,886$444,638$75,054$798,194
22$1,383,780$469,019$78,806$835,955
23$1,452,969$494,619$82,747$875,604
24$1,525,618$521,499$86,884$917,235
25$1,601,899$549,723$91,228$960,948
26$1,681,994$579,358$95,790$1,006,846
27$1,766,093$610,475$100,579$1,055,039
28$1,854,398$643,147$105,608$1,105,642
29$1,947,118$677,454$110,888$1,158,776
30$2,044,474$713,476$116,433$1,214,565
Total$33,000,000$10,928,352$1,879,350$20,192,297

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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.