USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 2022

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The tax information provided here is based on 2022 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 $333,000,000 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 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$290,703$2,903,982
2$5,262,734$1,910,167$305,239$3,047,329
3$5,525,871$2,007,527$320,501$3,197,843
4$5,802,165$2,109,756$336,526$3,355,883
5$6,092,273$2,217,096$353,352$3,521,825
6$6,396,886$2,329,803$371,019$3,696,064
7$6,716,731$2,448,145$389,570$3,879,015
8$7,052,567$2,572,405$409,049$4,071,114
9$7,405,196$2,702,877$429,501$4,272,817
10$7,775,455$2,839,874$450,976$4,484,606
11$8,164,228$2,983,719$473,525$4,706,984
12$8,572,440$3,134,758$497,201$4,940,480
13$9,001,062$3,293,348$522,062$5,185,652
14$9,451,115$3,459,867$548,165$5,443,083
15$9,923,670$3,634,713$575,573$5,713,384
16$10,419,854$3,818,301$604,352$5,997,202
17$10,940,847$4,011,068$634,569$6,295,209
18$11,487,889$4,213,474$666,298$6,608,117
19$12,062,283$4,426,000$699,612$6,936,671
20$12,665,398$4,649,152$734,593$7,281,652
21$13,298,667$4,883,462$771,323$7,643,883
22$13,963,601$5,129,487$809,889$8,024,225
23$14,661,781$5,387,814$850,383$8,423,584
24$15,394,870$5,659,057$892,902$8,842,910
25$16,164,613$5,943,862$937,548$9,283,204
26$16,972,844$6,242,907$984,425$9,745,512
27$17,821,486$6,556,905$1,033,646$10,230,935
28$18,712,560$6,886,602$1,085,329$10,740,630
29$19,648,188$7,232,785$1,139,595$11,275,809
30$20,630,598$7,596,276$1,196,575$11,837,747
Total$333,000,001$122,098,649$19,314,001$191,587,351

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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.