Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 10, 2025 is estimated to be $575 Million, with a cash option of 264.6 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 Oct 10, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 10, 2025	$575,000,000	$264,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$264,600,000
Federal Tax(24%)	$63,504,000
Additional Federal Tax	$34,358,330
State Tax(5.8%)	$15,346,800
Net Lumpsum Payment	$151,390,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,654,325	-$3,162,431 -$501,951	$4,989,943
2	$9,087,300	-$3,322,631 -$527,063	$5,237,606
3	$9,541,550	-$3,490,704 -$553,410	$5,497,436
4	$10,018,800	-$3,667,286 -$581,090	$5,770,424
5	$10,519,625	-$3,852,592 -$610,138	$6,056,895
6	$11,045,750	-$4,047,258 -$640,654	$6,357,838
7	$11,597,750	-$4,251,498 -$672,670	$6,673,582
8	$12,177,925	-$4,466,163 -$706,320	$7,005,442
9	$12,786,850	-$4,691,465 -$741,637	$7,353,748
10	$13,426,250	-$4,928,043 -$778,723	$7,719,484
11	$14,097,275	-$5,176,322 -$817,642	$8,103,311
12	$14,802,225	-$5,437,154 -$858,529	$8,506,542
13	$15,542,250	-$5,710,963 -$901,451	$8,929,836
14	$16,319,650	-$5,998,601 -$946,540	$9,374,509
15	$17,135,575	-$6,300,493 -$993,863	$9,841,219
16	$17,992,325	-$6,617,491 -$1,043,555	$10,331,279
17	$18,891,625	-$6,950,232 -$1,095,714	$10,845,679
18	$19,836,350	-$7,299,780 -$1,150,508	$11,386,062
19	$20,828,225	-$7,666,774 -$1,208,037	$11,953,414
20	$21,869,550	-$8,052,064 -$1,268,434	$12,549,052
21	$22,963,200	-$8,456,714 -$1,331,866	$13,174,620
22	$24,111,475	-$8,881,576 -$1,398,466	$13,831,433
23	$25,316,675	-$9,327,500 -$1,468,367	$14,520,808
24	$26,582,825	-$9,795,976 -$1,541,804	$15,245,045
25	$27,911,650	-$10,287,641 -$1,618,876	$16,005,133
26	$29,307,750	-$10,804,198 -$1,699,850	$16,803,702
27	$30,772,850	-$11,346,285 -$1,784,825	$17,641,740
28	$32,311,550	-$11,915,604 -$1,874,070	$18,521,876
29	$33,927,300	-$12,513,431 -$1,967,783	$19,446,086
30	$35,623,550	-$13,141,044 -$2,066,166	$20,416,340