USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jul 23, 2021

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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 $140,000,000 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, Jul 23, 2021
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 6.925%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$743,737$145,924$1,217,541
2$2,212,561$782,720$153,220$1,276,621
3$2,323,189$823,652$160,881$1,338,656
4$2,439,349$866,631$168,925$1,403,792
5$2,561,316$911,759$177,371$1,472,186
6$2,689,382$959,143$186,240$1,543,999
7$2,823,851$1,008,897$195,552$1,619,402
8$2,965,043$1,061,138$205,329$1,698,576
9$3,113,296$1,115,992$215,596$1,781,708
10$3,268,960$1,173,588$226,375$1,868,997
11$3,432,408$1,234,063$237,694$1,960,651
12$3,604,029$1,297,563$249,579$2,056,887
13$3,784,230$1,364,237$262,058$2,157,935
14$3,973,442$1,434,246$275,161$2,264,035
15$4,172,114$1,507,754$288,919$2,375,440
16$4,380,719$1,584,938$303,365$2,492,416
17$4,599,755$1,665,982$318,533$2,615,241
18$4,829,743$1,751,077$334,460$2,744,206
19$5,071,230$1,840,427$351,183$2,879,620
20$5,324,792$1,934,245$368,742$3,021,805
21$5,591,031$2,032,754$387,179$3,171,099
22$5,870,583$2,136,188$406,538$3,327,857
23$6,164,112$2,244,794$426,865$3,492,454
24$6,472,318$2,358,830$448,208$3,665,280
25$6,795,933$2,478,568$470,618$3,846,747
26$7,135,730$2,604,292$494,149$4,037,289
27$7,492,517$2,736,303$518,857$4,237,357
28$7,867,143$2,874,915$544,800$4,447,428
29$8,260,500$3,020,457$572,040$4,668,003
30$8,673,525$3,173,276$600,642$4,899,607
Total$140,000,000$50,722,166$9,695,003$79,582,835

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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.