USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 2023

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The tax information provided here is based on 2025 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 $188,000,000 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:Tue, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,003,998$161,150$1,664,522
2$2,971,153$1,056,347$169,207$1,745,599
3$3,119,711$1,111,313$177,668$1,830,730
4$3,275,697$1,169,028$186,551$1,920,118
5$3,439,481$1,229,628$195,878$2,013,974
6$3,611,455$1,293,259$205,672$2,112,524
7$3,792,028$1,360,071$215,956$2,216,002
8$3,981,630$1,430,223$226,754$2,324,653
9$4,180,711$1,503,883$238,091$2,438,736
10$4,389,747$1,581,226$249,996$2,558,524
11$4,609,234$1,662,437$262,496$2,684,301
12$4,839,696$1,747,708$275,621$2,816,367
13$5,081,680$1,837,242$289,402$2,955,037
14$5,335,764$1,931,253$303,872$3,100,640
15$5,602,553$2,029,965$319,065$3,253,523
16$5,882,680$2,133,612$335,019$3,414,050
17$6,176,814$2,242,442$351,770$3,582,603
18$6,485,655$2,356,713$369,358$3,759,584
19$6,809,938$2,476,697$387,826$3,945,415
20$7,150,435$2,602,681$407,217$4,140,536
21$7,507,956$2,734,964$427,578$4,345,414
22$7,883,354$2,873,861$448,957$4,560,536
23$8,277,522$3,019,703$471,405$4,786,414
24$8,691,398$3,172,837$494,975$5,023,585
25$9,125,968$3,333,628$519,724$5,272,616
26$9,582,266$3,502,459$545,710$5,534,097
27$10,061,380$3,679,731$572,996$5,808,653
28$10,564,449$3,865,866$601,645$6,096,937
29$11,092,671$4,061,309$631,728$6,399,635
30$11,647,305$4,266,523$663,314$6,717,468
Total$188,000,000$68,270,607$10,706,601$109,022,793

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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.