Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Idaho, your state will take 5.8% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Idaho MEGA Millions Jackpot/Cash Option for Fri Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(5.8%)	$2,859,400
Net Lumpsum Payment	$28,239,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$97,771	$1,003,897
2	$1,770,048	-$615,248 -$102,663	$1,052,137
3	$1,858,528	-$647,986 -$107,795	$1,102,747
4	$1,951,488	-$682,381 -$113,186	$1,155,921
5	$2,049,040	-$718,475 -$118,844	$1,211,721
6	$2,151,520	-$756,393 -$124,788	$1,270,339
7	$2,259,040	-$796,175 -$131,024	$1,331,841
8	$2,372,048	-$837,988 -$137,579	$1,396,481
9	$2,490,656	-$881,873 -$144,458	$1,464,325
10	$2,615,200	-$927,954 -$151,682	$1,535,564
11	$2,745,904	-$976,315 -$159,262	$1,610,327
12	$2,883,216	-$1,027,120 -$167,227	$1,688,869
13	$3,027,360	-$1,080,454 -$175,587	$1,771,319
14	$3,178,784	-$1,136,480 -$184,369	$1,857,935
15	$3,337,712	-$1,195,284 -$193,587	$1,948,841
16	$3,504,592	-$1,257,029 -$203,266	$2,044,297
17	$3,679,760	-$1,321,842 -$213,426	$2,144,492
18	$3,863,776	-$1,389,928 -$224,099	$2,249,749
19	$4,056,976	-$1,461,412 -$235,305	$2,360,259
20	$4,259,808	-$1,536,459 -$247,069	$2,476,280
21	$4,472,832	-$1,615,278 -$259,424	$2,598,130
22	$4,696,496	-$1,698,034 -$272,397	$2,726,065
23	$4,931,248	-$1,784,892 -$286,012	$2,860,344
24	$5,177,872	-$1,876,143 -$300,317	$3,001,412
25	$5,436,704	-$1,971,911 -$315,329	$3,149,464
26	$5,708,640	-$2,072,527 -$331,101	$3,305,012
27	$5,994,016	-$2,178,116 -$347,653	$3,468,247
28	$6,293,728	-$2,289,010 -$365,036	$3,639,682
29	$6,608,448	-$2,405,456 -$383,290	$3,819,702
30	$6,938,848	-$2,527,704 -$402,453	$4,008,691