Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 24, 2026 is estimated to be $438 Million, with a cash option of 203.1 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 Tue Feb 24, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 24, 2026	$438,000,000	$203,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$203,100,000
Federal Tax(24%)	$48,744,000
Additional Federal Tax	$26,363,330
State Tax(5.8%)	$11,779,800
Net Lumpsum Payment	$116,212,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,592,338	-$2,399,495 -$382,356	$3,810,487
2	$6,922,152	-$2,521,527 -$401,485	$3,999,140
3	$7,268,172	-$2,649,554 -$421,554	$4,197,064
4	$7,631,712	-$2,784,064 -$442,639	$4,405,009
5	$8,013,210	-$2,925,218 -$464,766	$4,623,226
6	$8,413,980	-$3,073,503 -$488,011	$4,852,466
7	$8,834,460	-$3,229,081 -$512,399	$5,092,980
8	$9,276,402	-$3,392,599 -$538,031	$5,345,772
9	$9,740,244	-$3,564,221 -$564,934	$5,611,089
10	$10,227,300	-$3,744,431 -$593,183	$5,889,686
11	$10,738,446	-$3,933,555 -$622,830	$6,182,061
12	$11,275,434	-$4,132,241 -$653,975	$6,489,218
13	$11,839,140	-$4,340,812 -$686,670	$6,811,658
14	$12,431,316	-$4,559,917 -$721,016	$7,150,383
15	$13,052,838	-$4,789,880 -$757,065	$7,505,893
16	$13,705,458	-$5,031,350 -$794,917	$7,879,191
17	$14,390,490	-$5,284,812 -$834,648	$8,271,030
18	$15,110,124	-$5,551,076 -$876,387	$8,682,661
19	$15,865,674	-$5,830,630 -$920,209	$9,114,835
20	$16,658,892	-$6,124,120 -$966,216	$9,568,556
21	$17,491,968	-$6,432,359 -$1,014,534	$10,045,075
22	$18,366,654	-$6,755,992 -$1,065,266	$10,545,396
23	$19,284,702	-$7,095,670 -$1,118,513	$11,070,519
24	$20,249,178	-$7,452,526 -$1,174,452	$11,622,200
25	$21,261,396	-$7,827,047 -$1,233,161	$12,201,188
26	$22,324,860	-$8,220,529 -$1,294,842	$12,809,489
27	$23,440,884	-$8,633,457 -$1,359,571	$13,447,856
28	$24,612,972	-$9,067,130 -$1,427,552	$14,118,290
29	$25,843,752	-$9,522,519 -$1,498,938	$14,822,295
30	$27,135,852	-$10,000,596 -$1,573,879	$15,561,377