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Idaho Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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, Sep 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$519,492$86,575$914,127
2$1,596,205$547,616$90,904$957,685
3$1,676,015$577,146$95,449$1,003,420
4$1,759,816$608,152$100,222$1,051,442
5$1,847,806$640,709$105,233$1,101,865
6$1,940,197$674,893$110,494$1,154,810
7$2,037,207$710,787$116,019$1,210,401
8$2,139,067$748,475$121,820$1,268,772
9$2,246,020$788,048$127,911$1,330,062
10$2,358,321$829,599$134,306$1,394,416
11$2,476,237$873,228$141,022$1,461,988
12$2,600,049$919,038$148,073$1,532,938
13$2,730,052$967,139$155,476$1,607,436
14$2,866,554$1,017,645$163,250$1,685,659
15$3,009,882$1,070,677$171,413$1,767,793
16$3,160,376$1,126,359$179,983$1,854,033
17$3,318,395$1,184,826$188,983$1,944,586
18$3,484,315$1,246,217$198,432$2,039,666
19$3,658,530$1,310,676$208,353$2,139,501
20$3,841,457$1,378,359$218,771$2,244,327
21$4,033,530$1,449,426$229,710$2,354,394
22$4,235,206$1,524,047$241,195$2,469,965
23$4,446,967$1,602,398$253,255$2,591,314
24$4,669,315$1,684,667$265,917$2,718,731
25$4,902,781$1,771,049$279,213$2,852,518
26$5,147,920$1,861,751$293,174$2,992,995
27$5,405,316$1,956,987$307,833$3,140,496
28$5,675,581$2,056,985$323,224$3,295,372
29$5,959,360$2,161,984$339,386$3,457,991
30$6,257,329$2,272,232$356,355$3,628,742
Total$101,000,000$36,080,607$5,751,951$59,167,445

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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.