USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jul 25, 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 $820,000,000 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, Jul 25, 2023
Jackpot:$820,000,000
Federal Tax:37% marginal rate
State Tax: 5.8%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,342,177$4,524,793$715,846$7,101,537
2$12,959,286$4,753,123$751,639$7,454,524
3$13,607,250$4,992,870$789,220$7,825,159
4$14,287,613$5,244,604$828,682$8,214,327
5$15,001,993$5,508,925$870,116$8,622,952
6$15,752,093$5,786,462$913,621$9,052,009
7$16,539,698$6,077,876$959,302$9,502,519
8$17,366,682$6,383,860$1,007,268$9,975,555
9$18,235,017$6,705,144$1,057,631$10,472,242
10$19,146,767$7,042,492$1,110,512$10,993,763
11$20,104,106$7,396,707$1,166,038$11,541,361
12$21,109,311$7,768,633$1,224,340$12,116,338
13$22,164,776$8,159,155$1,285,557$12,720,064
14$23,273,015$8,569,203$1,349,835$13,353,977
15$24,436,666$8,999,754$1,417,327$14,019,585
16$25,658,499$9,451,833$1,488,193$14,718,474
17$26,941,424$9,926,515$1,562,603$15,452,307
18$28,288,495$10,424,931$1,640,733$16,222,832
19$29,702,920$10,948,268$1,722,769$17,031,882
20$31,188,066$11,497,772$1,808,908$17,881,386
21$32,747,469$12,074,751$1,899,353$18,773,365
22$34,384,843$12,680,580$1,994,321$19,709,942
23$36,104,085$13,316,699$2,094,037$20,693,349
24$37,909,289$13,984,625$2,198,739$21,725,925
25$39,804,753$14,685,946$2,308,676$22,810,131
26$41,794,992$15,422,335$2,424,110$23,948,547
27$43,884,741$16,195,542$2,545,315$25,143,884
28$46,078,978$17,007,409$2,672,581$26,398,987
29$48,382,927$17,859,871$2,806,210$27,716,846
30$50,802,073$18,754,955$2,946,520$29,100,598
Total$820,000,002$302,145,633$47,560,002$470,294,367

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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.