Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(5.8%)	$7,888,000
Net Lumpsum Payment	$77,831,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$263,633	$2,639,640
2	$4,772,808	-$1,726,269 -$276,823	$2,769,716
3	$5,011,388	-$1,814,544 -$290,661	$2,906,183
4	$5,262,048	-$1,907,288 -$305,199	$3,049,561
5	$5,525,090	-$2,004,614 -$320,455	$3,200,021
6	$5,801,420	-$2,106,856 -$336,482	$3,358,082
7	$6,091,340	-$2,214,126 -$353,298	$3,523,916
8	$6,396,058	-$2,326,872 -$370,971	$3,698,215
9	$6,715,876	-$2,445,205 -$389,521	$3,881,150
10	$7,051,700	-$2,569,459 -$408,999	$4,073,242
11	$7,404,134	-$2,699,860 -$429,440	$4,274,834
12	$7,774,386	-$2,836,853 -$450,914	$4,486,619
13	$8,163,060	-$2,980,663 -$473,457	$4,708,940
14	$8,571,364	-$3,131,735 -$497,139	$4,942,490
15	$8,999,902	-$3,290,294 -$521,994	$5,187,614
16	$9,449,882	-$3,456,787 -$548,093	$5,445,002
17	$9,922,210	-$3,631,548 -$575,488	$5,715,174
18	$10,418,396	-$3,815,137 -$604,267	$5,998,992
19	$10,939,346	-$4,007,888 -$634,482	$6,296,976
20	$11,486,268	-$4,210,250 -$666,204	$6,609,814
21	$12,060,672	-$4,422,779 -$699,519	$6,938,374
22	$12,663,766	-$4,645,924 -$734,498	$7,283,344
23	$13,296,758	-$4,880,131 -$771,212	$7,645,415
24	$13,961,762	-$5,126,182 -$809,782	$8,025,798
25	$14,659,684	-$5,384,413 -$850,262	$8,425,009
26	$15,392,940	-$5,655,718 -$892,791	$8,844,431
27	$16,162,436	-$5,940,432 -$937,421	$9,284,583
28	$16,970,588	-$6,239,448 -$984,294	$9,746,846
29	$17,819,208	-$6,553,437 -$1,033,514	$10,232,257
30	$18,710,108	-$6,883,070 -$1,085,186	$10,741,852