Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 23, 2026 is estimated to be $433 Million, with a cash option of 178.6 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 Oct 23, 2026

Draw Date	Jackpot	Cash Option
Fri Oct 23, 2026	$433,000,000	$178,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$178,600,000
Federal Tax(24%)	$42,864,000
Additional Federal Tax	$23,178,330
State Tax(5.8%)	$10,358,800
Net Lumpsum Payment	$102,198,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,517,083	-$2,371,651 -$377,991	$3,767,441
2	$6,843,132	-$2,492,289 -$396,902	$3,953,941
3	$7,185,202	-$2,618,855 -$416,742	$4,149,605
4	$7,544,592	-$2,751,829 -$437,586	$4,355,177
5	$7,921,735	-$2,891,372 -$459,461	$4,570,902
6	$8,317,930	-$3,037,964 -$482,440	$4,797,526
7	$8,733,610	-$3,191,766 -$506,549	$5,035,295
8	$9,170,507	-$3,353,418 -$531,889	$5,285,200
9	$9,629,054	-$3,523,080 -$558,485	$5,547,489
10	$10,110,550	-$3,701,234 -$586,412	$5,822,904
11	$10,615,861	-$3,888,199 -$615,720	$6,111,942
12	$11,146,719	-$4,084,616 -$646,510	$6,415,593
13	$11,703,990	-$4,290,807 -$678,831	$6,734,352
14	$12,289,406	-$4,507,411 -$712,786	$7,069,209
15	$12,903,833	-$4,734,749 -$748,422	$7,420,662
16	$13,549,003	-$4,973,461 -$785,842	$7,789,700
17	$14,226,215	-$5,224,030 -$825,120	$8,177,065
18	$14,937,634	-$5,487,255 -$866,383	$8,583,996
19	$15,684,559	-$5,763,617 -$909,704	$9,011,238
20	$16,468,722	-$6,053,758 -$955,186	$9,459,778
21	$17,292,288	-$6,358,477 -$1,002,953	$9,930,858
22	$18,156,989	-$6,678,416 -$1,053,105	$10,425,468
23	$19,064,557	-$7,014,216 -$1,105,744	$10,944,597
24	$20,018,023	-$7,366,999 -$1,161,045	$11,489,979
25	$21,018,686	-$7,737,244 -$1,219,084	$12,062,358
26	$22,070,010	-$8,126,234 -$1,280,061	$12,663,715
27	$23,173,294	-$8,534,449 -$1,344,051	$13,294,794
28	$24,332,002	-$8,963,171 -$1,411,256	$13,957,575
29	$25,548,732	-$9,413,361 -$1,481,826	$14,653,545
30	$26,826,082	-$9,885,981 -$1,555,913	$15,384,188