USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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The tax information provided here is based on 2021 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 $188,000,000 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, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 6.925%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$195,955$1,622,665
2$2,971,153$1,063,399$205,752$1,702,002
3$3,119,711$1,118,365$216,040$1,785,306
4$3,275,697$1,176,080$226,842$1,872,775
5$3,439,481$1,236,680$238,184$1,964,617
6$3,611,455$1,300,311$250,093$2,061,051
7$3,792,028$1,367,123$262,598$2,162,308
8$3,981,630$1,437,275$275,728$2,268,627
9$4,180,711$1,510,935$289,514$2,380,261
10$4,389,747$1,588,278$303,990$2,497,478
11$4,609,234$1,669,489$319,189$2,620,556
12$4,839,696$1,754,760$335,149$2,749,787
13$5,081,680$1,844,294$351,906$2,885,480
14$5,335,764$1,938,305$369,502$3,027,958
15$5,602,553$2,037,017$387,977$3,177,559
16$5,882,680$2,140,664$407,376$3,334,641
17$6,176,814$2,249,494$427,744$3,499,576
18$6,485,655$2,363,765$449,132$3,672,759
19$6,809,938$2,483,749$471,588$3,854,600
20$7,150,435$2,609,733$495,168$4,045,534
21$7,507,956$2,742,016$519,926$4,246,014
22$7,883,354$2,880,913$545,922$4,456,519
23$8,277,522$3,026,755$573,218$4,677,548
24$8,691,398$3,179,889$601,879$4,909,629
25$9,125,968$3,340,680$631,973$5,153,314
26$9,582,266$3,509,511$663,572$5,409,184
27$10,061,380$3,686,783$696,751$5,677,846
28$10,564,449$3,872,918$731,588$5,959,942
29$11,092,671$4,068,361$768,167$6,256,143
30$11,647,305$4,273,575$806,576$6,567,154
Total$188,000,000$68,482,167$13,018,999$106,498,833

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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.