USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 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, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,469,821$393,715$3,924,661
2$7,127,607$2,595,402$413,401$4,118,804
3$7,483,987$2,727,263$434,071$4,322,653
4$7,858,187$2,865,717$455,775$4,536,695
5$8,251,096$3,011,093$478,564$4,761,439
6$8,663,651$3,163,739$502,492$4,997,421
7$9,096,834$3,324,016$527,616$5,245,201
8$9,551,675$3,492,308$553,997$5,505,371
9$10,029,259$3,669,014$581,697$5,778,548
10$10,530,722$3,854,555$610,782$6,065,385
11$11,057,258$4,049,373$641,321$6,366,564
12$11,610,121$4,253,933$673,387$6,682,801
13$12,190,627$4,468,720$707,056$7,014,851
14$12,800,158$4,694,246$742,409$7,363,503
15$13,440,166$4,931,049$779,530$7,729,587
16$14,112,175$5,179,692$818,506$8,113,976
17$14,817,783$5,440,768$859,431$8,517,584
18$15,558,672$5,714,897$902,403$8,941,373
19$16,336,606$6,002,732$947,523$9,386,351
20$17,153,436$6,304,959$994,899$9,853,578
21$18,011,108$6,622,298$1,044,644$10,344,166
22$18,911,663$6,955,503$1,096,876$10,859,284
23$19,857,247$7,305,369$1,151,720$11,400,157
24$20,850,109$7,672,728$1,209,306$11,968,075
25$21,892,614$8,058,455$1,269,772$12,564,388
26$22,987,245$8,463,469$1,333,260$13,190,517
27$24,136,608$8,888,733$1,399,923$13,847,952
28$25,343,438$9,335,260$1,469,919$14,538,259
29$26,610,610$9,804,113$1,543,415$15,263,081
30$27,941,140$10,296,410$1,620,586$16,024,145
Total$451,000,001$165,615,635$26,157,996$259,226,370

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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.