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Idaho Mega Millions Jackpot Annuity Payout Schedule for Sep 21, 2021

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The tax information provided here is based on 2026 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 $431,000,000 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 21, 2021
Jackpot:$431,000,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,487,168$2,356,210$343,820$3,787,139
2$6,811,527$2,476,222$361,011$3,974,294
3$7,152,103$2,602,235$379,061$4,170,806
4$7,509,709$2,734,549$398,015$4,377,145
5$7,885,194$2,873,479$417,915$4,593,800
6$8,279,454$3,019,355$438,811$4,821,287
7$8,693,426$3,172,525$460,752$5,060,150
8$9,128,098$3,333,353$483,789$5,310,955
9$9,584,503$3,502,223$507,979$5,574,301
10$10,063,728$3,679,536$533,378$5,850,814
11$10,566,914$3,865,715$560,046$6,141,152
12$11,095,260$4,061,203$588,049$6,446,008
13$11,650,023$4,266,466$617,451$6,766,106
14$12,232,524$4,481,991$648,324$7,102,209
15$12,844,150$4,708,293$680,740$7,455,117
16$13,486,358$4,945,910$714,777$7,825,671
17$14,160,675$5,195,407$750,516$8,214,752
18$14,868,709$5,457,380$788,042$8,623,288
19$15,612,144$5,732,451$827,444$9,052,250
20$16,392,752$6,021,275$868,816$9,502,661
21$17,212,389$6,324,541$912,257$9,975,591
22$18,073,009$6,642,971$957,869$10,472,169
23$18,976,659$6,977,321$1,005,763$10,993,575
24$19,925,492$7,328,389$1,056,051$11,541,052
25$20,921,767$7,697,011$1,108,854$12,115,902
26$21,967,855$8,084,064$1,164,296$12,719,495
27$23,066,248$8,490,469$1,222,511$13,353,268
28$24,219,560$8,917,194$1,283,637$14,018,729
29$25,430,538$9,365,256$1,347,819$14,717,463
30$26,702,065$9,835,721$1,415,209$15,451,134
Total$431,000,001$158,148,715$22,843,002$250,008,283

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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.