USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jun 13, 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 $260,000,000 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, Jun 13, 2023
Jackpot:$260,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,913,373$1,406,136$226,976$2,280,262
2$4,109,042$1,478,533$238,324$2,392,184
3$4,314,494$1,554,550$250,241$2,509,703
4$4,530,219$1,634,369$262,753$2,633,097
5$4,756,729$1,718,178$275,890$2,762,661
6$4,994,566$1,806,177$289,685$2,898,704
7$5,244,294$1,898,577$304,169$3,041,549
8$5,506,509$1,995,596$319,378$3,191,535
9$5,781,835$2,097,467$335,346$3,349,022
10$6,070,926$2,204,430$352,114$3,514,382
11$6,374,473$2,316,743$369,719$3,688,011
12$6,693,196$2,434,670$388,205$3,870,320
13$7,027,856$2,558,494$407,616$4,061,746
14$7,379,249$2,688,510$427,996$4,262,743
15$7,748,211$2,825,026$449,396$4,473,789
16$8,135,622$2,968,368$471,866$4,695,388
17$8,542,403$3,118,877$495,459$4,928,067
18$8,969,523$3,276,911$520,232$5,172,379
19$9,417,999$3,442,847$546,244$5,428,908
20$9,888,899$3,617,080$573,556$5,698,262
21$10,383,344$3,800,025$602,234$5,981,085
22$10,902,511$3,992,117$632,346$6,278,049
23$11,447,637$4,193,813$663,963$6,589,860
24$12,020,018$4,405,595$697,161$6,917,263
25$12,621,019$4,627,965$732,019$7,261,035
26$13,252,071$4,861,454$768,620$7,621,997
27$13,914,674$5,106,617$807,051$8,001,006
28$14,610,408$5,364,039$847,404$8,398,965
29$15,340,928$5,634,331$889,774$8,816,823
30$16,107,974$5,918,138$934,263$9,255,574
Total$260,000,001$94,945,633$15,080,000$149,974,369

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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.