Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 6, 2025 is estimated to be $90 Million, with a cash option of 40.8 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 May 6, 2025

Draw Date	Jackpot	Cash Option
Tue May 6, 2025	$90,000,000	$40,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,800,000
Federal Tax(24%)	$9,792,000
Additional Federal Tax	$5,264,330
State Tax(5.8%)	$2,366,400
Net Lumpsum Payment	$23,377,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$78,566	$814,495
2	$1,422,360	-$486,604 -$82,497	$853,259
3	$1,493,460	-$512,911 -$86,621	$893,928
4	$1,568,160	-$540,550 -$90,953	$936,657
5	$1,646,550	-$569,554 -$95,500	$981,496
6	$1,728,900	-$600,023 -$100,276	$1,028,601
7	$1,815,300	-$631,991 -$105,287	$1,078,022
8	$1,906,110	-$665,591 -$110,554	$1,129,965
9	$2,001,420	-$700,856 -$116,082	$1,184,482
10	$2,101,500	-$737,885 -$121,887	$1,241,728
11	$2,206,530	-$776,746 -$127,979	$1,301,805
12	$2,316,870	-$817,572 -$134,378	$1,364,920
13	$2,432,700	-$860,429 -$141,097	$1,431,174
14	$2,554,380	-$905,451 -$148,154	$1,500,775
15	$2,682,090	-$952,704 -$155,561	$1,573,825
16	$2,816,190	-$1,002,321 -$163,339	$1,650,530
17	$2,956,950	-$1,054,402 -$171,503	$1,731,045
18	$3,104,820	-$1,109,114 -$180,080	$1,815,626
19	$3,260,070	-$1,166,556 -$189,084	$1,904,430
20	$3,423,060	-$1,226,863 -$198,537	$1,997,660
21	$3,594,240	-$1,290,199 -$208,466	$2,095,575
22	$3,773,970	-$1,356,699 -$218,890	$2,198,381
23	$3,962,610	-$1,426,496 -$229,831	$2,306,283
24	$4,160,790	-$1,499,823 -$241,326	$2,419,641
25	$4,368,780	-$1,576,779 -$253,389	$2,538,612
26	$4,587,300	-$1,657,631 -$266,063	$2,663,606
27	$4,816,620	-$1,742,480 -$279,364	$2,794,776
28	$5,057,460	-$1,831,591 -$293,333	$2,932,536
29	$5,310,360	-$1,925,164 -$308,001	$3,077,195
30	$5,575,860	-$2,023,399 -$323,400	$3,229,061