Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 8, 2026 is estimated to be $193 Million, with a cash option of 82.8 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 Sep 8, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 8, 2026	$193,000,000	$82,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,800,000
Federal Tax(24%)	$19,872,000
Additional Federal Tax	$10,724,330
State Tax(5.8%)	$4,802,400
Net Lumpsum Payment	$47,401,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,904,843	-$1,035,122 -$168,481	$1,701,240
2	$3,050,172	-$1,088,894 -$176,910	$1,784,368
3	$3,202,642	-$1,145,308 -$185,753	$1,871,581
4	$3,362,832	-$1,204,578 -$195,044	$1,963,210
5	$3,530,935	-$1,266,776 -$204,794	$2,059,365
6	$3,707,530	-$1,332,116 -$215,037	$2,160,377
7	$3,892,810	-$1,400,670 -$225,783	$2,266,357
8	$4,087,547	-$1,472,723 -$237,078	$2,377,746
9	$4,291,934	-$1,548,346 -$248,932	$2,494,656
10	$4,506,550	-$1,627,754 -$261,380	$2,617,416
11	$4,731,781	-$1,711,089 -$274,443	$2,746,249
12	$4,968,399	-$1,798,638 -$288,167	$2,881,594
13	$5,216,790	-$1,890,543 -$302,574	$3,023,673
14	$5,477,726	-$1,987,089 -$317,708	$3,172,929
15	$5,751,593	-$2,088,420 -$333,592	$3,329,581
16	$6,039,163	-$2,194,821 -$350,271	$3,494,071
17	$6,341,015	-$2,306,506 -$367,779	$3,666,730
18	$6,658,114	-$2,423,833 -$386,171	$3,848,110
19	$6,991,039	-$2,547,015 -$405,480	$4,038,544
20	$7,340,562	-$2,676,338 -$425,753	$4,238,471
21	$7,707,648	-$2,812,160 -$447,044	$4,448,444
22	$8,093,069	-$2,954,766 -$469,398	$4,668,905
23	$8,497,597	-$3,104,441 -$492,861	$4,900,295
24	$8,922,583	-$3,261,686 -$517,510	$5,143,387
25	$9,368,606	-$3,426,715 -$543,379	$5,398,512
26	$9,837,210	-$3,600,098 -$570,558	$5,666,554
27	$10,328,974	-$3,782,051 -$599,080	$5,947,843
28	$10,845,442	-$3,973,144 -$629,036	$6,243,262
29	$11,387,772	-$4,173,806 -$660,491	$6,553,475
30	$11,957,122	-$4,384,466 -$693,513	$6,879,143