USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jul 22, 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 $660,000,000 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, Jul 22, 2022
Jackpot:$660,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,933,947$3,633,748$576,169$5,724,030
2$10,430,645$3,817,526$604,977$6,008,141
3$10,952,177$4,010,493$635,226$6,306,457
4$11,499,786$4,213,109$666,988$6,619,690
5$12,074,775$4,425,854$700,337$6,948,583
6$12,678,514$4,649,238$735,354$7,293,922
7$13,312,440$4,883,790$772,121$7,656,528
8$13,978,061$5,130,070$810,728$8,037,263
9$14,676,965$5,388,665$851,264$8,437,036
10$15,410,813$5,660,188$893,827$8,856,797
11$16,181,353$5,945,288$938,518$9,297,546
12$16,990,421$6,244,643$985,444$9,760,333
13$17,839,942$6,558,966$1,034,717$10,246,259
14$18,731,939$6,889,005$1,086,452$10,756,481
15$19,668,536$7,235,546$1,140,775$11,292,215
16$20,651,963$7,599,414$1,197,814$11,854,735
17$21,684,561$7,981,475$1,257,705$12,445,381
18$22,768,789$8,382,640$1,320,590$13,065,560
19$23,907,228$8,803,862$1,386,619$13,716,747
20$25,102,590$9,246,146$1,455,950$14,400,494
21$26,357,719$9,710,544$1,528,748$15,118,428
22$27,675,605$10,198,162$1,605,185$15,872,258
23$29,059,386$10,710,160$1,685,444$16,663,781
24$30,512,354$11,247,759$1,769,717$17,494,879
25$32,037,972$11,812,237$1,858,202$18,367,532
26$33,639,871$12,404,940$1,951,113$19,283,819
27$35,321,865$13,027,278$2,048,668$20,245,919
28$37,087,958$13,680,732$2,151,102$21,256,124
29$38,942,356$14,366,859$2,258,657$22,316,840
30$40,889,474$15,087,293$2,371,589$23,430,591
Total$660,000,001$242,945,630$38,280,000$378,774,369

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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.