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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 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 $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: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,347,302$374,510$3,735,254
2$6,779,919$2,466,758$393,235$3,919,926
3$7,118,915$2,592,186$412,897$4,113,832
4$7,474,861$2,723,886$433,542$4,317,433
5$7,848,603$2,862,171$455,219$4,531,213
6$8,241,034$3,007,370$477,980$4,755,684
7$8,653,086$3,159,829$501,879$4,991,377
8$9,085,740$3,319,912$526,973$5,238,856
9$9,540,027$3,487,998$553,322$5,498,708
10$10,017,028$3,664,488$580,988$5,771,552
11$10,517,880$3,849,803$610,037$6,058,039
12$11,043,774$4,044,384$640,539$6,358,851
13$11,595,962$4,248,694$672,566$6,674,703
14$12,175,760$4,463,219$706,194$7,006,347
15$12,784,548$4,688,471$741,504$7,354,574
16$13,423,776$4,924,985$778,579$7,720,212
17$14,094,964$5,173,325$817,508$8,104,132
18$14,799,713$5,434,081$858,383$8,507,248
19$15,539,698$5,707,876$901,303$8,930,520
20$16,316,683$5,995,361$946,368$9,374,955
21$17,132,517$6,297,219$993,686$9,841,612
22$17,989,143$6,614,171$1,043,370$10,331,602
23$18,888,601$6,946,970$1,095,539$10,846,092
24$19,833,030$7,296,409$1,150,316$11,386,306
25$20,824,682$7,663,320$1,207,832$11,953,530
26$21,865,916$8,048,577$1,268,223$12,549,116
27$22,959,212$8,453,096$1,331,634$13,174,482
28$24,107,172$8,877,842$1,398,216$13,831,115
29$25,312,531$9,323,824$1,468,127$14,520,580
30$26,578,158$9,792,106$1,541,533$15,244,519
Total$429,000,001$157,475,633$24,882,002$246,642,370

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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.