Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 18, 2026 is estimated to be $100 Million, with a cash option of 42.8 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 Aug 18, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 18, 2026	$100,000,000	$42,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$42,800,000
Federal Tax(24%)	$10,272,000
Additional Federal Tax	$5,524,330
State Tax(5.8%)	$2,482,400
Net Lumpsum Payment	$24,521,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$87,296	$900,587
2	$1,580,400	-$545,078 -$91,663	$943,659
3	$1,659,400	-$574,308 -$96,245	$988,847
4	$1,742,400	-$605,018 -$101,059	$1,036,323
5	$1,829,500	-$637,245 -$106,111	$1,086,144
6	$1,921,000	-$671,100 -$111,418	$1,138,482
7	$2,017,000	-$706,620 -$116,986	$1,193,394
8	$2,117,900	-$743,953 -$122,838	$1,251,109
9	$2,223,800	-$783,136 -$128,980	$1,311,684
10	$2,335,000	-$824,280 -$135,430	$1,375,290
11	$2,451,700	-$867,459 -$142,199	$1,442,042
12	$2,574,300	-$912,821 -$149,309	$1,512,170
13	$2,703,000	-$960,440 -$156,774	$1,585,786
14	$2,838,200	-$1,010,464 -$164,616	$1,663,120
15	$2,980,100	-$1,062,967 -$172,846	$1,744,287
16	$3,129,100	-$1,118,097 -$181,488	$1,829,515
17	$3,285,500	-$1,175,965 -$190,559	$1,918,976
18	$3,449,800	-$1,236,756 -$200,088	$2,012,956
19	$3,622,300	-$1,300,581 -$210,093	$2,111,626
20	$3,803,400	-$1,367,588 -$220,597	$2,215,215
21	$3,993,600	-$1,437,962 -$231,629	$2,324,009
22	$4,193,300	-$1,511,851 -$243,211	$2,438,238
23	$4,402,900	-$1,589,403 -$255,368	$2,558,129
24	$4,623,100	-$1,670,877 -$268,140	$2,684,083
25	$4,854,200	-$1,756,384 -$281,544	$2,816,272
26	$5,097,000	-$1,846,220 -$295,626	$2,955,154
27	$5,351,800	-$1,940,496 -$310,404	$3,100,900
28	$5,619,400	-$2,039,508 -$325,925	$3,253,967
29	$5,900,400	-$2,143,478 -$342,223	$3,414,699
30	$6,195,400	-$2,252,628 -$359,333	$3,583,439