Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(5.8%)	$4,750,200
Net Lumpsum Payment	$46,886,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$157,132	$1,589,321
2	$2,844,720	-$1,012,877 -$164,994	$1,666,849
3	$2,986,920	-$1,065,491 -$173,241	$1,748,188
4	$3,136,320	-$1,120,769 -$181,907	$1,833,644
5	$3,293,100	-$1,178,777 -$191,000	$1,923,323
6	$3,457,800	-$1,239,716 -$200,552	$2,017,532
7	$3,630,600	-$1,303,652 -$210,575	$2,116,373
8	$3,812,220	-$1,370,852 -$221,109	$2,220,259
9	$4,002,840	-$1,441,381 -$232,165	$2,329,294
10	$4,203,000	-$1,515,440 -$243,774	$2,443,786
11	$4,413,060	-$1,593,163 -$255,957	$2,563,940
12	$4,633,740	-$1,674,814 -$268,757	$2,690,169
13	$4,865,400	-$1,760,528 -$282,193	$2,822,679
14	$5,108,760	-$1,850,572 -$296,308	$2,961,880
15	$5,364,180	-$1,945,077 -$311,122	$3,107,981
16	$5,632,380	-$2,044,311 -$326,678	$3,261,391
17	$5,913,900	-$2,148,473 -$343,006	$3,422,421
18	$6,209,640	-$2,257,897 -$360,159	$3,591,584
19	$6,520,140	-$2,372,782 -$378,168	$3,769,190
20	$6,846,120	-$2,493,395 -$397,075	$3,955,650
21	$7,188,480	-$2,620,068 -$416,932	$4,151,480
22	$7,547,940	-$2,753,068 -$437,781	$4,357,091
23	$7,925,220	-$2,892,662 -$459,663	$4,572,895
24	$8,321,580	-$3,039,315 -$482,652	$4,799,613
25	$8,737,560	-$3,193,228 -$506,778	$5,037,554
26	$9,174,600	-$3,354,932 -$532,127	$5,287,541
27	$9,633,240	-$3,524,629 -$558,728	$5,549,883
28	$10,114,920	-$3,702,851 -$586,665	$5,825,404
29	$10,620,720	-$3,889,997 -$616,002	$6,114,721
30	$11,151,720	-$4,086,467 -$646,800	$6,418,453