Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Idaho MEGA Millions Jackpot/Cash Option for Tue Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(5.8%)	$12,238,000
Net Lumpsum Payment	$120,731,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$407,671	$4,060,153
2	$7,380,468	-$2,691,104 -$428,067	$4,261,297
3	$7,749,398	-$2,827,608 -$449,465	$4,472,325
4	$8,137,008	-$2,971,023 -$471,946	$4,694,039
5	$8,543,765	-$3,121,523 -$495,538	$4,926,704
6	$8,971,070	-$3,279,626 -$520,322	$5,171,122
7	$9,419,390	-$3,445,505 -$546,325	$5,427,560
8	$9,890,593	-$3,619,850 -$573,654	$5,697,089
9	$10,385,146	-$3,802,834 -$602,338	$5,979,974
10	$10,904,450	-$3,994,977 -$632,458	$6,277,015
11	$11,449,439	-$4,196,623 -$664,067	$6,588,749
12	$12,021,981	-$4,408,463 -$697,275	$6,916,243
13	$12,623,010	-$4,630,844 -$732,135	$7,260,031
14	$13,254,394	-$4,864,456 -$768,755	$7,621,183
15	$13,917,067	-$5,109,645 -$807,190	$8,000,232
16	$14,612,897	-$5,367,102 -$847,548	$8,398,247
17	$15,343,285	-$5,637,346 -$889,911	$8,816,028
18	$16,110,566	-$5,921,240 -$934,413	$9,254,913
19	$16,916,141	-$6,219,303 -$981,136	$9,715,702
20	$17,761,878	-$6,532,225 -$1,030,189	$10,199,464
21	$18,650,112	-$6,860,872 -$1,081,706	$10,707,534
22	$19,582,711	-$7,205,933 -$1,135,797	$11,240,981
23	$20,561,543	-$7,568,101 -$1,192,569	$11,800,873
24	$21,589,877	-$7,948,585 -$1,252,213	$12,389,079
25	$22,669,114	-$8,347,903 -$1,314,809	$13,006,402
26	$23,802,990	-$8,767,437 -$1,380,573	$13,654,980
27	$24,992,906	-$9,207,706 -$1,449,589	$14,335,611
28	$26,242,598	-$9,670,092 -$1,522,071	$15,050,435
29	$27,554,868	-$10,155,632 -$1,598,182	$15,801,054
30	$28,932,518	-$10,665,362 -$1,678,086	$16,589,070