Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 12, 2026 is estimated to be $232 Million, with a cash option of 103.8 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 May 12, 2026

Draw Date	Jackpot	Cash Option
Tue May 12, 2026	$232,000,000	$103,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$103,800,000
Federal Tax(24%)	$24,912,000
Additional Federal Tax	$13,454,330
State Tax(5.8%)	$6,020,400
Net Lumpsum Payment	$59,413,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,491,832	-$1,252,308 -$202,526	$2,036,998
2	$3,666,528	-$1,316,946 -$212,659	$2,136,923
3	$3,849,808	-$1,384,759 -$223,289	$2,241,760
4	$4,042,368	-$1,456,007 -$234,457	$2,351,904
5	$4,244,440	-$1,530,773 -$246,178	$2,467,489
6	$4,456,720	-$1,609,317 -$258,490	$2,588,913
7	$4,679,440	-$1,691,723 -$271,408	$2,716,309
8	$4,913,528	-$1,778,336 -$284,985	$2,850,207
9	$5,159,216	-$1,869,240 -$299,235	$2,990,741
10	$5,417,200	-$1,964,694 -$314,198	$3,138,308
11	$5,687,944	-$2,064,870 -$329,901	$3,293,173
12	$5,972,376	-$2,170,110 -$346,398	$3,455,868
13	$6,270,960	-$2,280,586 -$363,716	$3,626,658
14	$6,584,624	-$2,396,641 -$381,908	$3,806,075
15	$6,913,832	-$2,518,448 -$401,002	$3,994,382
16	$7,259,512	-$2,646,350 -$421,052	$4,192,110
17	$7,622,360	-$2,780,604 -$442,097	$4,399,659
18	$8,003,536	-$2,921,639 -$464,205	$4,617,692
19	$8,403,736	-$3,069,713 -$487,417	$4,846,606
20	$8,823,888	-$3,225,169 -$511,786	$5,086,933
21	$9,265,152	-$3,388,437 -$537,379	$5,339,336
22	$9,728,456	-$3,559,859 -$564,250	$5,604,347
23	$10,214,728	-$3,739,780 -$592,454	$5,882,494
24	$10,725,592	-$3,928,799 -$622,084	$6,174,709
25	$11,261,744	-$4,127,176 -$653,181	$6,481,387
26	$11,825,040	-$4,335,595 -$685,852	$6,803,593
27	$12,416,176	-$4,554,316 -$720,138	$7,141,722
28	$13,037,008	-$4,784,023 -$756,146	$7,496,839
29	$13,688,928	-$5,025,234 -$793,958	$7,869,736
30	$14,373,328	-$5,278,462 -$833,653	$8,261,213