Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 26, 2026 is estimated to be $311 Million, with a cash option of 136.4 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 Tue May 26, 2026

Draw Date	Jackpot	Cash Option
Tue May 26, 2026	$311,000,000	$136,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,400,000
Federal Tax(24%)	$32,736,000
Additional Federal Tax	$17,692,330
State Tax(5.8%)	$7,911,200
Net Lumpsum Payment	$78,060,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,680,861	-$1,692,249 -$271,490	$2,717,122
2	$4,915,044	-$1,778,897 -$285,073	$2,851,074
3	$5,160,734	-$1,869,802 -$299,323	$2,991,609
4	$5,418,864	-$1,965,310 -$314,294	$3,139,260
5	$5,689,745	-$2,065,536 -$330,005	$3,294,204
6	$5,974,310	-$2,170,825 -$346,510	$3,456,975
7	$6,272,870	-$2,281,292 -$363,826	$3,627,752
8	$6,586,669	-$2,397,398 -$382,027	$3,807,244
9	$6,916,018	-$2,519,257 -$401,129	$3,995,632
10	$7,261,850	-$2,647,215 -$421,187	$4,193,448
11	$7,624,787	-$2,781,502 -$442,238	$4,401,047
12	$8,006,073	-$2,922,577 -$464,352	$4,619,144
13	$8,406,330	-$3,070,672 -$487,567	$4,848,091
14	$8,826,802	-$3,226,247 -$511,955	$5,088,600
15	$9,268,111	-$3,389,531 -$537,550	$5,341,030
16	$9,731,501	-$3,560,986 -$564,427	$5,606,088
17	$10,217,905	-$3,740,955 -$592,638	$5,884,312
18	$10,728,878	-$3,930,015 -$622,275	$6,176,588
19	$11,265,353	-$4,128,511 -$653,390	$6,483,452
20	$11,828,574	-$4,336,903 -$686,057	$6,805,614
21	$12,420,096	-$4,555,766 -$720,366	$7,143,964
22	$13,041,163	-$4,785,561 -$756,387	$7,499,215
23	$13,693,019	-$5,026,747 -$794,195	$7,872,077
24	$14,377,841	-$5,280,132 -$833,915	$8,263,794
25	$15,096,562	-$5,546,058 -$875,601	$8,674,903
26	$15,851,670	-$5,825,448 -$919,397	$9,106,825
27	$16,644,098	-$6,118,647 -$965,358	$9,560,093
28	$17,476,334	-$6,426,574 -$1,013,627	$10,036,133
29	$18,350,244	-$6,749,921 -$1,064,314	$10,536,009
30	$19,267,694	-$7,089,377 -$1,117,526	$11,060,791