Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(5.8%)	$16,124,000
Net Lumpsum Payment	$159,055,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$556,074	$5,523,712
2	$10,067,148	-$3,685,175 -$583,895	$5,798,078
3	$10,570,378	-$3,871,370 -$613,082	$6,085,926
4	$11,099,088	-$4,066,993 -$643,747	$6,388,348
5	$11,653,915	-$4,272,279 -$675,927	$6,705,709
6	$12,236,770	-$4,487,935 -$709,733	$7,039,102
7	$12,848,290	-$4,714,198 -$745,201	$7,388,891
8	$13,491,023	-$4,952,009 -$782,479	$7,756,535
9	$14,165,606	-$5,201,605 -$821,605	$8,142,396
10	$14,873,950	-$5,463,692 -$862,689	$8,547,569
11	$15,617,329	-$5,738,742 -$905,805	$8,972,782
12	$16,398,291	-$6,027,698 -$951,101	$9,419,492
13	$17,218,110	-$6,331,031 -$998,650	$9,888,429
14	$18,079,334	-$6,649,684 -$1,048,601	$10,381,049
15	$18,983,237	-$6,984,128 -$1,101,028	$10,898,081
16	$19,932,367	-$7,335,306 -$1,156,077	$11,440,984
17	$20,928,635	-$7,703,925 -$1,213,861	$12,010,849
18	$21,975,226	-$8,091,164 -$1,274,563	$12,609,499
19	$23,074,051	-$8,497,729 -$1,338,295	$13,238,027
20	$24,227,658	-$8,924,564 -$1,405,204	$13,897,890
21	$25,439,232	-$9,372,846 -$1,475,475	$14,590,911
22	$26,711,321	-$9,843,519 -$1,549,257	$15,318,545
23	$28,046,473	-$10,337,525 -$1,626,695	$16,082,253
24	$29,449,147	-$10,856,515 -$1,708,051	$16,884,581
25	$30,921,254	-$11,401,194 -$1,793,433	$17,726,627
26	$32,467,890	-$11,973,450 -$1,883,138	$18,611,302
27	$34,090,966	-$12,573,988 -$1,977,276	$19,539,702
28	$35,795,578	-$13,204,694 -$2,076,144	$20,514,740
29	$37,585,548	-$13,866,983 -$2,179,962	$21,538,603
30	$39,464,698	-$14,562,269 -$2,288,952	$22,613,477