USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jun 13, 2017

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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 $101,000,000 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, Jun 13, 2017
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$518,429$80,570$921,195
2$1,596,205$546,553$84,599$965,053
3$1,676,015$576,083$88,829$1,011,103
4$1,759,816$607,089$93,270$1,059,456
5$1,847,806$639,646$97,934$1,110,227
6$1,940,197$673,830$102,830$1,163,536
7$2,037,207$709,724$107,972$1,219,511
8$2,139,067$747,412$113,371$1,278,284
9$2,246,020$786,985$119,039$1,339,996
10$2,358,321$828,536$124,991$1,404,794
11$2,476,237$872,165$131,241$1,472,832
12$2,600,049$917,975$137,803$1,544,271
13$2,730,052$966,076$144,693$1,619,283
14$2,866,554$1,016,582$151,927$1,698,045
15$3,009,882$1,069,614$159,524$1,780,745
16$3,160,376$1,125,296$167,500$1,867,580
17$3,318,395$1,183,763$175,875$1,958,757
18$3,484,315$1,245,154$184,669$2,054,492
19$3,658,530$1,309,613$193,902$2,155,015
20$3,841,457$1,377,296$203,597$2,260,563
21$4,033,530$1,448,363$213,777$2,371,389
22$4,235,206$1,522,984$224,466$2,487,757
23$4,446,967$1,601,335$235,689$2,609,942
24$4,669,315$1,683,604$247,474$2,738,237
25$4,902,781$1,769,986$259,847$2,872,947
26$5,147,920$1,860,688$272,840$3,014,392
27$5,405,316$1,955,924$286,482$3,162,910
28$5,675,581$2,055,922$300,806$3,318,853
29$5,959,360$2,160,921$315,846$3,482,594
30$6,257,329$2,271,169$331,638$3,654,521
Total$101,000,000$36,048,717$5,353,001$59,598,280

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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.