Idaho Lottery

IDLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(5.8%)	$8,096,800
Net Lumpsum Payment	$79,890,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$301,171	$3,009,833
2	$5,452,380	-$1,977,711 -$316,238	$3,158,431
3	$5,724,930	-$2,078,554 -$332,046	$3,314,330
4	$6,011,280	-$2,184,504 -$348,654	$3,478,122
5	$6,311,775	-$2,295,687 -$366,083	$3,650,005
6	$6,627,450	-$2,412,487 -$384,392	$3,830,571
7	$6,958,650	-$2,535,031 -$403,602	$4,020,017
8	$7,306,755	-$2,663,830 -$423,792	$4,219,133
9	$7,672,110	-$2,799,011 -$444,982	$4,428,117
10	$8,055,750	-$2,940,958 -$467,234	$4,647,558
11	$8,458,365	-$3,089,925 -$490,585	$4,877,855
12	$8,881,335	-$3,246,424 -$515,117	$5,119,794
13	$9,325,350	-$3,410,710 -$540,870	$5,373,770
14	$9,791,790	-$3,583,293 -$567,924	$5,640,573
15	$10,281,345	-$3,764,428 -$596,318	$5,920,599
16	$10,795,395	-$3,954,627 -$626,133	$6,214,635
17	$11,334,975	-$4,154,271 -$657,429	$6,523,275
18	$11,901,810	-$4,364,000 -$690,305	$6,847,505
19	$12,496,935	-$4,584,196 -$724,822	$7,187,917
20	$13,121,730	-$4,815,370 -$761,060	$7,545,300
21	$13,777,920	-$5,058,161 -$799,119	$7,920,640
22	$14,466,885	-$5,313,078 -$839,079	$8,314,728
23	$15,190,005	-$5,580,632 -$881,020	$8,728,353
24	$15,949,695	-$5,861,718 -$925,082	$9,162,895
25	$16,746,990	-$6,156,717 -$971,325	$9,618,948
26	$17,584,650	-$6,466,651 -$1,019,910	$10,098,089
27	$18,463,710	-$6,791,903 -$1,070,895	$10,600,912
28	$19,386,930	-$7,133,494 -$1,124,442	$11,128,994
29	$20,356,380	-$7,492,191 -$1,180,670	$11,683,519
30	$21,374,130	-$7,868,758 -$1,239,700	$12,265,672