Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 24, 2025 is estimated to be $326 Million, with a cash option of 145.7 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 Tue Jun 24, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 24, 2025	$326,000,000	$145,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,700,000
Federal Tax(24%)	$34,968,000
Additional Federal Tax	$18,901,330
State Tax(5.8%)	$8,450,600
Net Lumpsum Payment	$83,380,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,906,626	-$1,775,782 -$284,584	$2,846,260
2	$5,152,104	-$1,866,609 -$298,822	$2,986,673
3	$5,409,644	-$1,961,899 -$313,759	$3,133,986
4	$5,680,224	-$2,062,013 -$329,453	$3,288,758
5	$5,964,170	-$2,167,073 -$345,922	$3,451,175
6	$6,262,460	-$2,277,441 -$363,223	$3,621,796
7	$6,575,420	-$2,393,236 -$381,374	$3,800,810
8	$6,904,354	-$2,514,941 -$400,453	$3,988,960
9	$7,249,588	-$2,642,678 -$420,476	$4,186,434
10	$7,612,100	-$2,776,807 -$441,502	$4,393,791
11	$7,992,542	-$2,917,571 -$463,567	$4,611,404
12	$8,392,218	-$3,065,451 -$486,749	$4,840,018
13	$8,811,780	-$3,220,689 -$511,083	$5,080,008
14	$9,252,532	-$3,383,767 -$536,647	$5,332,118
15	$9,715,126	-$3,554,927 -$563,477	$5,596,722
16	$10,200,866	-$3,734,651 -$591,650	$5,874,565
17	$10,710,730	-$3,923,300 -$621,222	$6,166,208
18	$11,246,348	-$4,121,479 -$652,288	$6,472,581
19	$11,808,698	-$4,329,549 -$684,904	$6,794,245
20	$12,399,084	-$4,547,991 -$719,147	$7,131,946
21	$13,019,136	-$4,777,411 -$755,110	$7,486,615
22	$13,670,158	-$5,018,289 -$792,869	$7,859,000
23	$14,353,454	-$5,271,108 -$832,500	$8,249,846
24	$15,071,306	-$5,536,714 -$874,136	$8,660,456
25	$15,824,692	-$5,815,466 -$917,832	$9,091,394
26	$16,616,220	-$6,108,332 -$963,741	$9,544,147
27	$17,446,868	-$6,415,672 -$1,011,918	$10,019,278
28	$18,319,244	-$6,738,451 -$1,062,516	$10,518,277
29	$19,235,304	-$7,077,393 -$1,115,648	$11,042,263
30	$20,197,004	-$7,433,222 -$1,171,426	$11,592,356