Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(5.8%)	$3,938,200
Net Lumpsum Payment	$38,878,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$130,944	$1,331,045
2	$2,370,600	-$837,452 -$137,495	$1,395,653
3	$2,489,100	-$881,297 -$144,368	$1,463,435
4	$2,613,600	-$927,362 -$151,589	$1,534,649
5	$2,744,250	-$975,703 -$159,167	$1,609,380
6	$2,881,500	-$1,026,485 -$167,127	$1,687,888
7	$3,025,500	-$1,079,765 -$175,479	$1,770,256
8	$3,176,850	-$1,135,765 -$184,257	$1,856,828
9	$3,335,700	-$1,194,539 -$193,471	$1,947,690
10	$3,502,500	-$1,256,255 -$203,145	$2,043,100
11	$3,677,550	-$1,321,024 -$213,298	$2,143,228
12	$3,861,450	-$1,389,067 -$223,964	$2,248,419
13	$4,054,500	-$1,460,495 -$235,161	$2,358,844
14	$4,257,300	-$1,535,531 -$246,923	$2,474,846
15	$4,470,150	-$1,614,286 -$259,269	$2,596,595
16	$4,693,650	-$1,696,981 -$272,232	$2,724,437
17	$4,928,250	-$1,783,783 -$285,839	$2,858,628
18	$5,174,700	-$1,874,969 -$300,133	$2,999,598
19	$5,433,450	-$1,970,707 -$315,140	$3,147,603
20	$5,705,100	-$2,071,217 -$330,896	$3,302,987
21	$5,990,400	-$2,176,778 -$347,443	$3,466,179
22	$6,289,950	-$2,287,612 -$364,817	$3,637,521
23	$6,604,350	-$2,403,940 -$383,052	$3,817,358
24	$6,934,650	-$2,526,151 -$402,210	$4,006,289
25	$7,281,300	-$2,654,411 -$422,315	$4,204,574
26	$7,645,500	-$2,789,165 -$443,439	$4,412,896
27	$8,027,700	-$2,930,579 -$465,607	$4,631,514
28	$8,429,100	-$3,079,097 -$488,888	$4,861,115
29	$8,850,600	-$3,235,052 -$513,335	$5,102,213
30	$9,293,100	-$3,398,777 -$539,000	$5,355,323