Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 29, 2026 is estimated to be $300 Million, with a cash option of 124.1 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 Sep 29, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 29, 2026	$300,000,000	$124,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$124,100,000
Federal Tax(24%)	$29,784,000
Additional Federal Tax	$16,093,330
State Tax(5.8%)	$7,197,800
Net Lumpsum Payment	$71,024,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,515,300	-$1,630,991 -$261,887	$2,622,422
2	$4,741,200	-$1,714,574 -$274,990	$2,751,636
3	$4,978,200	-$1,802,264 -$288,736	$2,887,200
4	$5,227,200	-$1,894,394 -$303,178	$3,029,628
5	$5,488,500	-$1,991,075 -$318,333	$3,179,092
6	$5,763,000	-$2,092,640 -$334,254	$3,336,106
7	$6,051,000	-$2,199,200 -$350,958	$3,500,842
8	$6,353,700	-$2,311,199 -$368,515	$3,673,986
9	$6,671,400	-$2,428,748 -$386,941	$3,855,711
10	$7,005,000	-$2,552,180 -$406,290	$4,046,530
11	$7,355,100	-$2,681,717 -$426,596	$4,246,787
12	$7,722,900	-$2,817,803 -$447,928	$4,457,169
13	$8,109,000	-$2,960,660 -$470,322	$4,678,018
14	$8,514,600	-$3,110,732 -$493,847	$4,910,021
15	$8,940,300	-$3,268,241 -$518,537	$5,153,522
16	$9,387,300	-$3,433,631 -$544,463	$5,409,206
17	$9,856,500	-$3,607,235 -$571,677	$5,677,588
18	$10,349,400	-$3,789,608 -$600,265	$5,959,527
19	$10,866,900	-$3,981,083 -$630,280	$6,255,537
20	$11,410,200	-$4,182,104 -$661,792	$6,566,304
21	$11,980,800	-$4,393,226 -$694,886	$6,892,688
22	$12,579,900	-$4,614,893 -$729,634	$7,235,373
23	$13,208,700	-$4,847,549 -$766,105	$7,595,046
24	$13,869,300	-$5,091,971 -$804,419	$7,972,910
25	$14,562,600	-$5,348,492 -$844,631	$8,369,477
26	$15,291,000	-$5,618,000 -$886,878	$8,786,122
27	$16,055,400	-$5,900,828 -$931,213	$9,223,359
28	$16,858,200	-$6,197,864 -$977,776	$9,682,560
29	$17,701,200	-$6,509,774 -$1,026,670	$10,164,756
30	$18,586,200	-$6,837,224 -$1,078,000	$10,670,976