USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Jan 23, 2024

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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 $262,000,000 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, Jan 23, 2024
Jackpot:$262,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,943,476$1,416,106$224,581$2,302,789
2$4,140,650$1,489,061$235,810$2,415,779
3$4,347,682$1,565,663$247,601$2,534,419
4$4,565,067$1,646,095$259,981$2,658,991
5$4,793,320$1,730,549$272,980$2,789,792
6$5,032,986$1,819,225$286,629$2,927,132
7$5,284,635$1,912,335$300,960$3,071,340
8$5,548,867$2,010,101$316,008$3,222,758
9$5,826,310$2,112,755$331,808$3,381,747
10$6,117,626$2,220,542$348,399$3,548,685
11$6,423,507$2,333,718$365,819$3,723,970
12$6,744,682$2,452,553$384,110$3,908,020
13$7,081,916$2,577,329$403,315$4,101,272
14$7,436,012$2,708,345$423,481$4,304,187
15$7,807,813$2,845,911$444,655$4,517,247
16$8,198,203$2,990,356$466,888$4,740,960
17$8,608,113$3,142,022$490,232$4,975,859
18$9,038,519$3,301,272$514,744$5,222,503
19$9,490,445$3,468,485$540,481$5,481,479
20$9,964,967$3,644,058$567,505$5,753,404
21$10,463,216$3,828,410$595,880$6,038,926
22$10,986,377$4,021,980$625,674$6,338,723
23$11,535,695$4,225,228$656,958$6,653,510
24$12,112,480$4,438,638$689,806$6,984,036
25$12,718,104$4,662,719$724,296$7,331,089
26$13,354,010$4,898,004$760,511$7,695,495
27$14,021,710$5,145,053$798,536$8,078,121
28$14,722,795$5,404,454$838,463$8,479,878
29$15,458,935$5,676,826$880,386$8,901,722
30$16,231,882$5,962,817$924,406$9,344,660
Total$262,000,001$95,650,610$14,920,903$151,428,493

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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.