USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$309,909$3,093,389
2$5,610,422$2,038,811$325,405$3,246,207
3$5,890,943$2,142,604$341,675$3,406,665
4$6,185,491$2,251,587$358,758$3,575,146
5$6,494,765$2,366,018$376,696$3,752,051
6$6,819,503$2,486,171$395,531$3,937,801
7$7,160,479$2,612,332$415,308$4,132,839
8$7,518,503$2,744,801$436,073$4,337,629
9$7,894,428$2,883,893$457,877$4,552,658
10$8,289,149$3,029,940$480,771$4,778,438
11$8,703,607$3,183,289$504,809$5,015,508
12$9,138,787$3,344,306$530,050$5,264,431
13$9,595,726$3,513,374$556,552$5,525,800
14$10,075,513$3,690,895$584,380$5,800,238
15$10,579,288$3,877,292$613,599$6,088,398
16$11,108,253$4,073,009$644,279$6,390,966
17$11,663,665$4,278,511$676,493$6,708,662
18$12,246,849$4,494,289$710,317$7,042,242
19$12,859,191$4,720,856$745,833$7,392,502
20$13,502,151$4,958,751$783,125$7,760,275
21$14,177,258$5,208,540$822,281$8,146,437
22$14,886,121$5,470,820$863,395$8,551,906
23$15,630,427$5,746,213$906,565$8,977,649
24$16,411,948$6,035,376$951,893$9,424,679
25$17,232,546$6,338,997$999,488$9,894,061
26$18,094,173$6,657,799$1,049,462$10,386,912
27$18,998,882$6,992,541$1,101,935$10,904,405
28$19,948,826$7,344,020$1,157,032$11,447,773
29$20,946,267$7,713,074$1,214,883$12,018,310
30$21,993,581$8,100,580$1,275,628$12,617,373
Total$355,000,001$130,238,650$20,590,002$204,171,350

◄ Back to Jackpot Analysis

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.