USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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 prize money, as well as deductions claimed.

State:

Idaho

Drawing Date:Fri, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$1,167,179$11,547,841
2$21,129,957$7,781,039$1,225,538$12,123,381
3$22,186,455$8,171,943$1,286,814$12,727,697
4$23,295,778$8,582,393$1,351,155$13,362,230
5$24,460,566$9,013,364$1,418,713$14,028,489
6$25,683,595$9,465,885$1,489,649$14,728,061
7$26,967,775$9,941,032$1,564,131$15,462,612
8$28,316,164$10,439,936$1,642,338$16,233,891
9$29,731,972$10,963,785$1,724,454$17,043,733
10$31,218,570$11,513,826$1,810,677$17,894,067
11$32,779,499$12,091,370$1,901,211$18,786,918
12$34,418,474$12,697,790$1,996,271$19,724,412
13$36,139,397$13,334,532$2,096,085$20,708,780
14$37,946,368$14,003,111$2,200,889$21,742,367
15$39,843,686$14,705,119$2,310,934$22,827,633
16$41,835,870$15,442,227$2,426,480$23,967,163
17$43,927,663$16,216,190$2,547,804$25,163,668
18$46,124,047$17,028,852$2,675,195$26,420,000
19$48,430,249$17,882,147$2,808,954$27,739,147
20$50,851,761$18,778,107$2,949,402$29,124,253
21$53,394,349$19,718,864$3,096,872$30,578,613
22$56,064,067$20,706,660$3,251,716$32,105,691
23$58,867,270$21,743,845$3,414,302$33,709,124
24$61,810,633$22,832,889$3,585,017$35,392,727
25$64,901,165$23,976,386$3,764,268$37,160,511
26$68,146,224$25,177,058$3,952,481$39,016,685
27$71,553,535$26,437,763$4,150,105$40,965,667
28$75,131,211$27,761,503$4,357,610$43,012,098
29$78,887,772$29,151,431$4,575,491$45,160,850
30$82,832,161$30,610,855$4,804,265$47,417,041
Total$1,337,000,003$493,578,651$77,546,000$765,875,350

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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.