USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 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 $259,000,000 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 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,400,567$226,103$2,271,652
2$4,093,238$1,472,686$237,408$2,383,144
3$4,297,900$1,548,411$249,278$2,500,211
4$4,512,795$1,627,922$261,742$2,623,131
5$4,738,434$1,711,408$274,829$2,752,197
6$4,975,356$1,799,069$288,571$2,887,716
7$5,224,124$1,891,114$302,999$3,030,011
8$5,485,330$1,987,760$318,149$3,179,421
9$5,759,597$2,089,239$334,057$3,336,302
10$6,047,576$2,195,791$350,759$3,501,026
11$6,349,955$2,307,671$368,297$3,673,987
12$6,667,453$2,425,145$386,712$3,855,595
13$7,000,826$2,548,493$406,048$4,046,285
14$7,350,867$2,678,009$426,350$4,246,508
15$7,718,410$2,814,000$447,668$4,456,743
16$8,104,331$2,956,790$470,051$4,677,490
17$8,509,547$3,106,720$493,554$4,909,273
18$8,935,025$3,264,147$518,231$5,152,646
19$9,381,776$3,429,445$544,143$5,408,188
20$9,850,865$3,603,008$571,350$5,676,507
21$10,343,408$3,785,249$599,918$5,958,242
22$10,860,578$3,976,602$629,914$6,254,063
23$11,403,607$4,177,522$661,409$6,564,676
24$11,973,788$4,388,489$694,480$6,890,819
25$12,572,477$4,610,004$729,204$7,233,269
26$13,201,101$4,842,595$765,664$7,592,842
27$13,861,156$5,086,815$803,947$7,970,394
28$14,554,214$5,343,247$844,144$8,366,822
29$15,281,924$5,612,500$886,352$8,783,073
30$16,046,021$5,895,215$930,669$9,220,136
Total$259,000,001$94,575,633$15,022,000$149,402,369

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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.