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Idaho Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 2022

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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 $87,000,000 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, Nov 1, 2022
Jackpot:$87,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,309,475$442,693$75,950$790,832
2$1,374,949$466,919$79,747$828,283
3$1,443,696$492,355$83,734$867,606
4$1,515,881$519,064$87,921$908,896
5$1,591,675$547,107$92,317$952,250
6$1,671,259$576,553$96,933$997,772
7$1,754,822$607,472$101,780$1,045,570
8$1,842,563$639,936$106,869$1,095,758
9$1,934,691$674,023$112,212$1,148,455
10$2,031,425$709,815$117,823$1,203,788
11$2,132,997$747,396$123,714$1,261,886
12$2,239,646$786,857$129,899$1,322,890
13$2,351,629$828,290$136,394$1,386,944
14$2,469,210$871,796$143,214$1,454,200
15$2,592,671$917,476$150,375$1,524,820
16$2,722,304$965,440$157,894$1,598,970
17$2,858,419$1,015,803$165,788$1,676,828
18$3,001,340$1,068,684$174,078$1,758,579
19$3,151,407$1,124,208$182,782$1,844,417
20$3,308,978$1,182,510$191,921$1,934,548
21$3,474,427$1,243,726$201,517$2,029,184
22$3,648,148$1,308,002$211,593$2,128,553
23$3,830,555$1,375,493$222,172$2,232,890
24$4,022,083$1,446,358$233,281$2,342,444
25$4,223,187$1,520,767$244,945$2,457,475
26$4,434,347$1,598,896$257,192$2,578,259
27$4,656,064$1,680,931$270,052$2,705,081
28$4,888,867$1,767,069$283,554$2,838,244
29$5,133,311$1,857,513$297,732$2,978,066
30$5,389,976$1,952,479$312,619$3,124,879
Total$87,000,000$30,935,631$5,046,002$51,018,367

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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.