Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 7, 2026 is estimated to be $576 Million, with a cash option of 253.9 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 Jul 7, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 7, 2026	$576,000,000	$253,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$253,900,000
Federal Tax(24%)	$60,936,000
Additional Federal Tax	$32,967,330
State Tax(5.8%)	$14,726,200
Net Lumpsum Payment	$145,270,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,669,376	-$3,168,000 -$502,824	$4,998,552
2	$9,103,104	-$3,328,479 -$527,980	$5,246,645
3	$9,558,144	-$3,496,844 -$554,372	$5,506,928
4	$10,036,224	-$3,673,733 -$582,101	$5,780,390
5	$10,537,920	-$3,859,361 -$611,199	$6,067,360
6	$11,064,960	-$4,054,366 -$641,768	$6,368,826
7	$11,617,920	-$4,258,961 -$673,839	$6,685,120
8	$12,199,104	-$4,473,999 -$707,548	$7,017,557
9	$12,809,088	-$4,699,693 -$742,927	$7,366,468
10	$13,449,600	-$4,936,682 -$780,077	$7,732,841
11	$14,121,792	-$5,185,393 -$819,064	$8,117,335
12	$14,827,968	-$5,446,679 -$860,022	$8,521,267
13	$15,569,280	-$5,720,964 -$903,018	$8,945,298
14	$16,348,032	-$6,009,102 -$948,186	$9,390,744
15	$17,165,376	-$6,311,520 -$995,592	$9,858,264
16	$18,023,616	-$6,629,068 -$1,045,370	$10,349,178
17	$18,924,480	-$6,962,388 -$1,097,620	$10,864,472
18	$19,870,848	-$7,312,544 -$1,152,509	$11,405,795
19	$20,864,448	-$7,680,176 -$1,210,138	$11,974,134
20	$21,907,584	-$8,066,136 -$1,270,640	$12,570,808
21	$23,003,136	-$8,471,491 -$1,334,182	$13,197,463
22	$24,153,408	-$8,897,091 -$1,400,898	$13,855,419
23	$25,360,704	-$9,343,791 -$1,470,921	$14,545,992
24	$26,629,056	-$9,813,081 -$1,544,485	$15,271,490
25	$27,960,192	-$10,305,601 -$1,621,691	$16,032,900
26	$29,358,720	-$10,823,057 -$1,702,806	$16,832,857
27	$30,826,368	-$11,366,087 -$1,787,929	$17,672,352
28	$32,367,744	-$11,936,396 -$1,877,329	$18,554,019
29	$33,986,304	-$12,535,263 -$1,971,206	$19,479,835
30	$35,685,504	-$13,163,967 -$2,069,759	$20,451,778