USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Nov 12, 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 $361,000,000 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, Nov 12, 2024
Jackpot:$361,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,433,568$1,967,440$309,442$3,156,686
2$5,705,247$2,067,961$324,914$3,312,371
3$5,990,509$2,173,508$341,159$3,475,841
4$6,290,034$2,284,333$358,217$3,647,484
5$6,604,536$2,400,698$376,128$3,827,709
6$6,934,763$2,522,882$394,935$4,016,946
7$7,281,501$2,651,176$414,681$4,215,644
8$7,645,576$2,785,883$435,416$4,424,277
9$8,027,855$2,927,327$457,186$4,643,342
10$8,429,247$3,075,842$480,046$4,873,360
11$8,850,710$3,231,783$504,048$5,114,879
12$9,293,245$3,395,521$529,250$5,368,474
13$9,757,908$3,567,446$555,713$5,634,749
14$10,245,803$3,747,967$583,498$5,914,337
15$10,758,093$3,937,515$612,673$6,207,905
16$11,295,998$4,136,539$643,307$6,516,151
17$11,860,798$4,345,515$675,472$6,839,810
18$12,453,838$4,564,940$709,246$7,179,651
19$13,076,529$4,795,336$744,708$7,536,485
20$13,730,356$5,037,252$781,944$7,911,160
21$14,416,874$5,291,263$821,041$8,304,569
22$15,137,717$5,557,976$862,093$8,717,649
23$15,894,603$5,838,023$905,198$9,151,382
24$16,689,333$6,132,074$950,458$9,606,802
25$17,523,800$6,440,826$997,980$10,084,993
26$18,399,990$6,765,017$1,047,879$10,587,094
27$19,319,990$7,105,416$1,100,273$11,114,300
28$20,285,989$7,462,836$1,155,287$11,667,866
29$21,300,288$7,838,127$1,213,051$12,249,110
30$22,365,303$8,232,182$1,273,704$12,859,417
Total$361,000,001$132,280,604$20,558,947$208,160,443

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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.