Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(5.8%)	$1,844,400
Net Lumpsum Payment	$18,229,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$61,107	$642,312
2	$1,106,280	-$369,654 -$64,164	$672,462
3	$1,161,580	-$390,115 -$67,372	$704,093
4	$1,219,680	-$411,612 -$70,741	$737,327
5	$1,280,650	-$434,171 -$74,278	$772,201
6	$1,344,700	-$457,869 -$77,993	$808,838
7	$1,411,900	-$482,733 -$81,890	$847,277
8	$1,482,530	-$508,866 -$85,987	$887,677
9	$1,556,660	-$536,295 -$90,286	$930,079
10	$1,634,500	-$565,095 -$94,801	$974,604
11	$1,716,190	-$595,321 -$99,539	$1,021,330
12	$1,802,010	-$627,074 -$104,517	$1,070,419
13	$1,892,100	-$660,407 -$109,742	$1,121,951
14	$1,986,740	-$695,424 -$115,231	$1,176,085
15	$2,086,070	-$732,176 -$120,992	$1,232,902
16	$2,190,370	-$770,767 -$127,041	$1,292,562
17	$2,299,850	-$811,275 -$133,391	$1,355,184
18	$2,414,860	-$853,829 -$140,062	$1,420,969
19	$2,535,610	-$898,506 -$147,065	$1,490,039
20	$2,662,380	-$945,411 -$154,418	$1,562,551
21	$2,795,520	-$994,673 -$162,140	$1,638,707
22	$2,935,310	-$1,046,395 -$170,248	$1,718,667
23	$3,082,030	-$1,100,681 -$178,758	$1,802,591
24	$3,236,170	-$1,157,713 -$187,698	$1,890,759
25	$3,397,940	-$1,217,568 -$197,081	$1,983,291
26	$3,567,900	-$1,280,453 -$206,938	$2,080,509
27	$3,746,260	-$1,346,447 -$217,283	$2,182,530
28	$3,933,580	-$1,415,755 -$228,148	$2,289,677
29	$4,130,280	-$1,488,534 -$239,556	$2,402,190
30	$4,336,780	-$1,564,939 -$251,533	$2,520,308