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Idaho Mega Millions Jackpot Annuity Payout Schedule for Dec 23, 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 $510,000,000 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 23, 2022
Jackpot:$510,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,676,232$2,798,394$445,221$4,432,617
2$8,060,044$2,940,404$467,483$4,652,157
3$8,463,046$3,089,515$490,857$4,882,674
4$8,886,198$3,246,081$515,399$5,124,718
5$9,330,508$3,410,476$541,169$5,378,863
6$9,797,033$3,583,090$568,228$5,645,715
7$10,286,885$3,764,335$596,639$5,925,911
8$10,801,229$3,954,643$626,471$6,220,115
9$11,341,291$4,154,465$657,795$6,529,031
10$11,908,355$4,364,279$690,685$6,853,391
11$12,503,773$4,584,584$725,219$7,193,970
12$13,128,962$4,815,904$761,480$7,551,578
13$13,785,410$5,058,789$799,554$7,927,067
14$14,474,680$5,313,819$839,531$8,321,329
15$15,198,414$5,581,601$881,508$8,735,305
16$15,958,335$5,862,772$925,583$9,169,980
17$16,756,251$6,158,001$971,863$9,626,388
18$17,594,064$6,467,991$1,020,456$10,105,617
19$18,473,767$6,793,482$1,071,478$10,608,807
20$19,397,456$7,135,246$1,125,052$11,137,157
21$20,367,328$7,494,099$1,181,305$11,691,924
22$21,385,695$7,870,895$1,240,370$12,274,430
23$22,454,980$8,266,530$1,302,389$12,886,061
24$23,577,728$8,681,947$1,367,508$13,528,273
25$24,756,615$9,118,135$1,435,884$14,202,596
26$25,994,446$9,576,133$1,507,678$14,910,635
27$27,294,168$10,057,030$1,583,062$15,654,077
28$28,658,876$10,561,972$1,662,215$16,434,689
29$30,091,820$11,092,161$1,745,326$17,254,333
30$31,596,411$11,648,860$1,832,592$18,114,960
Total$510,000,001$187,445,633$29,580,000$292,974,368

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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.