Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 30, 2025 is estimated to be $189 Million, with a cash option of 82.7 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 May 30, 2025

Draw Date	Jackpot	Cash Option
Fri May 30, 2025	$189,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(5.8%)	$4,796,600
Net Lumpsum Payment	$47,344,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,844,639	-$1,012,847 -$164,989	$1,666,803
2	$2,986,956	-$1,065,504 -$173,243	$1,748,209
3	$3,136,266	-$1,120,749 -$181,903	$1,833,614
4	$3,293,136	-$1,178,791 -$191,002	$1,923,343
5	$3,457,755	-$1,239,700 -$200,550	$2,017,505
6	$3,630,690	-$1,303,686 -$210,580	$2,116,424
7	$3,812,130	-$1,370,818 -$221,104	$2,220,208
8	$4,002,831	-$1,441,378 -$232,164	$2,329,289
9	$4,202,982	-$1,515,434 -$243,773	$2,443,775
10	$4,413,150	-$1,593,196 -$255,963	$2,563,991
11	$4,633,713	-$1,674,804 -$268,755	$2,690,154
12	$4,865,427	-$1,760,538 -$282,195	$2,822,694
13	$5,108,670	-$1,850,538 -$296,303	$2,961,829
14	$5,364,198	-$1,945,084 -$311,123	$3,107,991
15	$5,632,389	-$2,044,314 -$326,679	$3,261,396
16	$5,913,999	-$2,148,510 -$343,012	$3,422,477
17	$6,209,595	-$2,257,881 -$360,157	$3,591,557
18	$6,520,122	-$2,372,776 -$378,167	$3,769,179
19	$6,846,147	-$2,493,405 -$397,077	$3,955,665
20	$7,188,426	-$2,620,048 -$416,929	$4,151,449
21	$7,547,904	-$2,753,055 -$437,778	$4,357,071
22	$7,925,337	-$2,892,705 -$459,670	$4,572,962
23	$8,321,481	-$3,039,278 -$482,646	$4,799,557
24	$8,737,659	-$3,193,264 -$506,784	$5,037,611
25	$9,174,438	-$3,354,872 -$532,117	$5,287,449
26	$9,633,330	-$3,524,662 -$558,733	$5,549,935
27	$10,114,902	-$3,702,844 -$586,664	$5,825,394
28	$10,620,666	-$3,889,977 -$615,999	$6,114,690
29	$11,151,756	-$4,086,480 -$646,802	$6,418,474
30	$11,709,306	-$4,292,774 -$679,140	$6,737,392