Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(5.8%)	$3,219,000
Net Lumpsum Payment	$31,785,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$113,485	$1,158,862
2	$2,054,520	-$720,503 -$119,162	$1,214,855
3	$2,157,220	-$758,502 -$125,119	$1,273,599
4	$2,265,120	-$798,425 -$131,377	$1,335,318
5	$2,378,350	-$840,320 -$137,944	$1,400,086
6	$2,497,300	-$884,331 -$144,843	$1,468,126
7	$2,622,100	-$930,507 -$152,082	$1,539,511
8	$2,753,270	-$979,040 -$159,690	$1,614,540
9	$2,890,940	-$1,029,978 -$167,675	$1,693,287
10	$3,035,500	-$1,083,465 -$176,059	$1,775,976
11	$3,187,210	-$1,139,598 -$184,858	$1,862,754
12	$3,346,590	-$1,198,569 -$194,102	$1,953,919
13	$3,513,900	-$1,260,473 -$203,806	$2,049,621
14	$3,689,660	-$1,325,505 -$214,000	$2,150,155
15	$3,874,130	-$1,393,758 -$224,700	$2,255,672
16	$4,067,830	-$1,465,427 -$235,934	$2,366,469
17	$4,271,150	-$1,540,656 -$247,727	$2,482,767
18	$4,484,740	-$1,619,684 -$260,115	$2,604,941
19	$4,708,990	-$1,702,657 -$273,121	$2,733,212
20	$4,944,420	-$1,789,766 -$286,776	$2,867,878
21	$5,191,680	-$1,881,252 -$301,117	$3,009,311
22	$5,451,290	-$1,977,308 -$316,175	$3,157,807
23	$5,723,770	-$2,078,125 -$331,979	$3,313,666
24	$6,010,030	-$2,184,041 -$348,582	$3,477,407
25	$6,310,460	-$2,295,201 -$366,007	$3,649,252
26	$6,626,100	-$2,411,987 -$384,314	$3,829,799
27	$6,957,340	-$2,534,546 -$403,526	$4,019,268
28	$7,305,220	-$2,663,262 -$423,703	$4,218,255
29	$7,670,520	-$2,798,423 -$444,890	$4,427,207
30	$8,054,020	-$2,940,318 -$467,133	$4,646,569