USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$283,720$2,835,107
2$5,136,302$1,863,387$297,906$2,975,010
3$5,393,117$1,958,408$312,801$3,121,908
4$5,662,773$2,058,181$328,441$3,276,151
5$5,945,912$2,162,942$344,863$3,438,107
6$6,243,207$2,272,942$362,106$3,608,160
7$6,555,368$2,388,441$380,211$3,786,715
8$6,883,136$2,509,715$399,222$3,974,199
9$7,227,293$2,637,053$419,183$4,171,057
10$7,588,658$2,770,758$440,142$4,377,757
11$7,968,091$2,911,149$462,149$4,594,793
12$8,366,495$3,058,558$485,257$4,822,680
13$8,784,820$3,213,338$509,520$5,061,962
14$9,224,061$3,375,858$534,996$5,313,208
15$9,685,264$3,546,503$561,745$5,577,016
16$10,169,527$3,725,680$589,833$5,854,015
17$10,678,003$3,913,816$619,324$6,144,863
18$11,211,904$4,111,359$650,290$6,450,254
19$11,772,499$4,318,780$682,805$6,770,914
20$12,361,124$4,536,571$716,945$7,107,608
21$12,979,180$4,765,252$752,792$7,461,136
22$13,628,139$5,005,366$790,432$7,832,340
23$14,309,546$5,257,487$829,954$8,222,105
24$15,025,023$5,522,214$871,451$8,631,358
25$15,776,274$5,800,176$915,024$9,061,074
26$16,565,088$6,092,038$960,775$9,512,275
27$17,393,343$6,398,492$1,008,814$9,986,037
28$18,263,009$6,720,268$1,059,255$10,483,486
29$19,176,160$7,058,134$1,112,217$11,005,808
30$20,134,968$7,412,893$1,167,828$11,554,247
Total$325,000,001$119,138,649$18,850,001$187,011,350

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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.