Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 6, 2026 is estimated to be $346 Million, with a cash option of 156.1 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 Feb 6, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 6, 2026	$346,000,000	$156,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,100,000
Federal Tax(24%)	$37,464,000
Additional Federal Tax	$20,253,330
State Tax(5.8%)	$9,053,800
Net Lumpsum Payment	$89,328,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$302,043	$3,018,444
2	$5,468,184	-$1,983,558 -$317,155	$3,167,471
3	$5,741,524	-$2,084,694 -$333,008	$3,323,822
4	$6,028,704	-$2,190,951 -$349,665	$3,488,088
5	$6,330,070	-$2,302,456 -$367,144	$3,660,470
6	$6,646,660	-$2,419,595 -$385,506	$3,841,559
7	$6,978,820	-$2,542,494 -$404,772	$4,031,554
8	$7,327,934	-$2,671,666 -$425,020	$4,231,248
9	$7,694,348	-$2,807,239 -$446,272	$4,440,837
10	$8,079,100	-$2,949,597 -$468,588	$4,660,915
11	$8,482,882	-$3,098,997 -$492,007	$4,891,878
12	$8,907,078	-$3,255,949 -$516,611	$5,134,518
13	$9,352,380	-$3,420,711 -$542,438	$5,389,231
14	$9,820,172	-$3,593,794 -$569,570	$5,656,808
15	$10,311,146	-$3,775,454 -$598,046	$5,937,646
16	$10,826,686	-$3,966,204 -$627,948	$6,232,534
17	$11,367,830	-$4,166,427 -$659,334	$6,542,069
18	$11,936,308	-$4,376,764 -$692,306	$6,867,238
19	$12,533,158	-$4,597,599 -$726,923	$7,208,636
20	$13,159,764	-$4,829,443 -$763,266	$7,567,055
21	$13,817,856	-$5,072,937 -$801,436	$7,943,483
22	$14,508,818	-$5,328,593 -$841,511	$8,338,714
23	$15,234,034	-$5,596,923 -$883,574	$8,753,537
24	$15,995,926	-$5,878,823 -$927,764	$9,189,339
25	$16,795,532	-$6,174,677 -$974,141	$9,646,714
26	$17,635,620	-$6,485,510 -$1,022,866	$10,127,244
27	$18,517,228	-$6,811,705 -$1,073,999	$10,631,524
28	$19,443,124	-$7,154,286 -$1,127,701	$11,161,137
29	$20,415,384	-$7,514,022 -$1,184,092	$11,717,270
30	$21,436,084	-$7,891,681 -$1,243,293	$12,301,110