Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 24, 2026 is estimated to be $60 Million, with a cash option of 27 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 Mar 24, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 24, 2026	$60,000,000	$27,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,000,000
Federal Tax(24%)	$6,480,000
Additional Federal Tax	$3,470,330
State Tax(5.8%)	$1,566,000
Net Lumpsum Payment	$15,483,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$52,377	$556,220
2	$948,240	-$311,179 -$54,998	$582,063
3	$995,640	-$328,717 -$57,747	$609,176
4	$1,045,440	-$347,143 -$60,636	$637,661
5	$1,097,700	-$366,479 -$63,667	$667,554
6	$1,152,600	-$386,792 -$66,851	$698,957
7	$1,210,200	-$408,104 -$70,192	$731,904
8	$1,270,740	-$430,504 -$73,703	$766,533
9	$1,334,280	-$454,014 -$77,388	$802,878
10	$1,401,000	-$478,700 -$81,258	$841,042
11	$1,471,020	-$504,608 -$85,319	$881,093
12	$1,544,580	-$531,825 -$89,586	$923,169
13	$1,621,800	-$560,396 -$94,064	$967,340
14	$1,702,920	-$590,411 -$98,769	$1,013,740
15	$1,788,060	-$621,913 -$103,707	$1,062,440
16	$1,877,460	-$654,991 -$108,893	$1,113,576
17	$1,971,300	-$689,711 -$114,335	$1,167,254
18	$2,069,880	-$726,186 -$120,053	$1,223,641
19	$2,173,380	-$764,481 -$126,056	$1,282,843
20	$2,282,040	-$804,685 -$132,358	$1,344,997
21	$2,396,160	-$846,910 -$138,977	$1,410,273
22	$2,515,980	-$891,243 -$145,927	$1,478,810
23	$2,641,740	-$937,774 -$153,221	$1,550,745
24	$2,773,860	-$986,659 -$160,884	$1,626,317
25	$2,912,520	-$1,037,963 -$168,926	$1,705,631
26	$3,058,200	-$1,091,864 -$177,376	$1,788,960
27	$3,211,080	-$1,148,430 -$186,243	$1,876,407
28	$3,371,640	-$1,207,837 -$195,555	$1,968,248
29	$3,540,240	-$1,270,219 -$205,334	$2,064,687
30	$3,717,240	-$1,335,709 -$215,600	$2,165,931