Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 16, 2026 is estimated to be $430 Million, with a cash option of 191.2 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 Jun 16, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 16, 2026	$430,000,000	$191,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$191,200,000
Federal Tax(24%)	$45,888,000
Additional Federal Tax	$24,816,330
State Tax(5.8%)	$11,089,600
Net Lumpsum Payment	$109,406,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,471,930	-$2,354,944 -$375,372	$3,741,614
2	$6,795,720	-$2,474,747 -$394,152	$3,926,821
3	$7,135,420	-$2,600,436 -$413,854	$4,121,130
4	$7,492,320	-$2,732,489 -$434,555	$4,325,276
5	$7,866,850	-$2,871,065 -$456,277	$4,539,508
6	$8,260,300	-$3,016,641 -$479,097	$4,764,562
7	$8,673,100	-$3,169,377 -$503,040	$5,000,683
8	$9,106,970	-$3,329,909 -$528,204	$5,248,857
9	$9,562,340	-$3,498,396 -$554,616	$5,509,328
10	$10,040,500	-$3,675,315 -$582,349	$5,782,836
11	$10,542,310	-$3,860,985 -$611,454	$6,069,871
12	$11,069,490	-$4,056,042 -$642,030	$6,371,418
13	$11,622,900	-$4,260,803 -$674,128	$6,687,969
14	$12,204,260	-$4,475,907 -$707,847	$7,020,506
15	$12,814,430	-$4,701,669 -$743,237	$7,369,524
16	$13,455,130	-$4,938,728 -$780,398	$7,736,004
17	$14,127,650	-$5,187,561 -$819,404	$8,120,685
18	$14,834,140	-$5,448,962 -$860,380	$8,524,798
19	$15,575,890	-$5,723,410 -$903,402	$8,949,078
20	$16,354,620	-$6,011,540 -$948,568	$9,394,512
21	$17,172,480	-$6,314,148 -$996,004	$9,862,328
22	$18,031,190	-$6,631,871 -$1,045,809	$10,353,510
23	$18,932,470	-$6,965,344 -$1,098,083	$10,869,043
24	$19,879,330	-$7,315,682 -$1,153,001	$11,410,647
25	$20,873,060	-$7,683,363 -$1,210,637	$11,979,060
26	$21,917,100	-$8,069,657 -$1,271,192	$12,576,251
27	$23,012,740	-$8,475,044 -$1,334,739	$13,202,957
28	$24,163,420	-$8,900,796 -$1,401,478	$13,861,146
29	$25,371,720	-$9,347,867 -$1,471,560	$14,552,293
30	$26,640,220	-$9,817,212 -$1,545,133	$15,277,875