USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 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 $284,000,000 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, Nov 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,539,793$247,927$2,486,888
2$4,488,338$1,618,873$260,324$2,609,142
3$4,712,755$1,701,907$273,340$2,737,508
4$4,948,393$1,789,093$287,007$2,872,293
5$5,195,812$1,880,638$301,357$3,013,817
6$5,455,603$1,976,761$316,425$3,162,417
7$5,728,383$2,077,689$332,246$3,318,447
8$6,014,802$2,183,665$348,859$3,482,279
9$6,315,542$2,294,938$366,301$3,654,302
10$6,631,319$2,411,776$384,617$3,834,927
11$6,962,885$2,534,455$403,847$4,024,583
12$7,311,030$2,663,269$424,040$4,223,721
13$7,676,581$2,798,523$445,242$4,432,817
14$8,060,410$2,940,540$467,504$4,652,367
15$8,463,431$3,089,657$490,879$4,882,895
16$8,886,602$3,246,231$515,423$5,124,949
17$9,330,932$3,410,633$541,194$5,379,105
18$9,797,479$3,583,255$568,254$5,645,970
19$10,287,353$3,764,508$596,666$5,926,178
20$10,801,720$3,954,824$626,500$6,220,396
21$11,341,806$4,154,656$657,825$6,529,326
22$11,908,897$4,364,480$690,716$6,853,701
23$12,504,342$4,584,794$725,252$7,194,296
24$13,129,559$4,816,124$761,514$7,551,920
25$13,786,036$5,059,021$799,590$7,927,425
26$14,475,339$5,314,063$839,570$8,321,706
27$15,199,105$5,581,857$881,548$8,735,701
28$15,959,061$5,863,040$925,626$9,170,395
29$16,757,014$6,158,283$971,907$9,626,824
30$17,594,864$6,468,288$1,020,502$10,106,075
Total$284,000,001$103,825,634$16,472,002$163,702,370

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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.