USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Dec 1, 2023

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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 $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 money, as well as deductions claimed.

State:

Idaho

Drawing Date:Fri, Dec 1, 2023
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$1,935,194$309,909$3,098,157
2$5,610,422$2,034,044$325,405$3,250,974
3$5,890,943$2,137,837$341,675$3,411,432
4$6,185,491$2,246,819$358,758$3,579,913
5$6,494,765$2,361,251$376,696$3,756,818
6$6,819,503$2,481,404$395,531$3,942,568
7$7,160,479$2,607,565$415,308$4,137,606
8$7,518,503$2,740,034$436,073$4,342,396
9$7,894,428$2,879,126$457,877$4,557,425
10$8,289,149$3,025,173$480,771$4,783,206
11$8,703,607$3,178,522$504,809$5,020,275
12$9,138,787$3,339,539$530,050$5,269,198
13$9,595,726$3,508,606$556,552$5,530,568
14$10,075,513$3,686,127$584,380$5,805,006
15$10,579,288$3,872,524$613,599$6,093,165
16$11,108,253$4,068,241$644,279$6,395,733
17$11,663,665$4,273,744$676,493$6,713,429
18$12,246,849$4,489,522$710,317$7,047,010
19$12,859,191$4,716,088$745,833$7,397,269
20$13,502,151$4,953,983$783,125$7,765,042
21$14,177,258$5,203,773$822,281$8,151,204
22$14,886,121$5,466,052$863,395$8,556,673
23$15,630,427$5,741,446$906,565$8,982,417
24$16,411,948$6,030,609$951,893$9,429,447
25$17,232,546$6,334,230$999,488$9,898,828
26$18,094,173$6,653,032$1,049,462$10,391,679
27$18,998,882$6,987,774$1,101,935$10,909,173
28$19,948,826$7,339,253$1,157,032$11,452,541
29$20,946,267$7,708,307$1,214,883$12,023,077
30$21,993,581$8,095,813$1,275,628$12,622,140
Total$355,000,001$130,095,632$20,590,002$204,314,369

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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.