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Idaho Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 2022

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The tax information provided here is based on 2025 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 $429,000,000 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, Dec 16, 2022
Jackpot:$429,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,346,135$367,730$3,743,201
2$6,779,919$2,465,590$386,116$3,928,212
3$7,118,915$2,591,019$405,422$4,122,474
4$7,474,861$2,722,719$425,693$4,326,449
5$7,848,603$2,861,004$446,978$4,540,622
6$8,241,034$3,006,203$469,327$4,765,504
7$8,653,086$3,158,662$492,793$5,001,631
8$9,085,740$3,318,744$517,433$5,249,563
9$9,540,027$3,486,830$543,305$5,509,892
10$10,017,028$3,663,321$570,470$5,783,238
11$10,517,880$3,848,636$598,993$6,070,251
12$11,043,774$4,043,216$628,943$6,371,614
13$11,595,962$4,247,526$660,390$6,688,046
14$12,175,760$4,462,052$693,410$7,020,299
15$12,784,548$4,687,303$728,080$7,369,165
16$13,423,776$4,923,817$764,484$7,735,475
17$14,094,964$5,172,157$802,708$8,120,099
18$14,799,713$5,432,914$842,844$8,523,955
19$15,539,698$5,706,709$884,986$8,948,004
20$16,316,683$5,994,193$929,235$9,393,255
21$17,132,517$6,296,052$975,697$9,860,769
22$17,989,143$6,613,003$1,024,482$10,351,658
23$18,888,601$6,945,802$1,075,706$10,867,092
24$19,833,030$7,295,241$1,129,491$11,408,298
25$20,824,682$7,662,153$1,185,966$11,976,564
26$21,865,916$8,047,409$1,245,264$12,573,243
27$22,959,212$8,451,929$1,307,527$13,199,756
28$24,107,172$8,876,674$1,372,903$13,857,595
29$25,312,531$9,322,657$1,441,549$14,548,326
30$26,578,158$9,790,939$1,513,626$15,273,593
Total$429,000,001$157,440,609$24,431,551$247,127,843

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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.