USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $401,000,000 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 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,191,369$350,066$3,494,190
2$6,337,407$2,303,028$367,570$3,666,809
3$6,654,277$2,420,270$385,948$3,848,059
4$6,986,991$2,543,374$405,245$4,038,371
5$7,336,340$2,672,634$425,508$4,238,199
6$7,703,157$2,808,356$446,783$4,448,018
7$8,088,316$2,950,865$469,122$4,668,329
8$8,492,731$3,100,498$492,578$4,899,655
9$8,917,368$3,257,614$517,207$5,142,547
10$9,363,236$3,422,585$543,068$5,397,583
11$9,831,398$3,595,805$570,221$5,665,372
12$10,322,968$3,777,686$598,732$5,946,550
13$10,839,116$3,968,661$628,669$6,241,787
14$11,381,072$4,169,184$660,102$6,551,786
15$11,950,126$4,379,734$693,107$6,877,284
16$12,547,632$4,600,812$727,763$7,219,058
17$13,175,013$4,832,943$764,151$7,577,920
18$13,833,764$5,076,680$802,358$7,954,725
19$14,525,452$5,332,605$842,476$8,350,371
20$15,251,725$5,601,326$884,600$8,765,799
21$16,014,311$5,883,483$928,830$9,201,998
22$16,815,027$6,179,748$975,272$9,660,008
23$17,655,778$6,490,826$1,024,035$10,140,917
24$18,538,567$6,817,457$1,075,237$10,645,872
25$19,465,495$7,160,421$1,128,999$11,176,075
26$20,438,770$7,520,533$1,185,449$11,732,789
27$21,460,709$7,898,650$1,244,721$12,317,338
28$22,533,744$8,295,673$1,306,957$12,931,114
29$23,660,431$8,712,547$1,372,305$13,575,579
30$24,843,453$9,150,265$1,440,920$14,252,267
Total$401,000,001$147,115,632$23,257,999$230,626,369

◄ Back to Jackpot Analysis

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.