The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Idaho residents, the state will deduct 5.8% from your lottery earnings.
| Idaho MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(5.8%) | $3,938,200 | | Net Lumpsum Payment | $38,878,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$130,944 |
$1,331,045 |
| 2 |
$2,370,600 |
$837,452
$137,495 |
$1,395,653 |
| 3 |
$2,489,100 |
$881,297
$144,368 |
$1,463,435 |
| 4 |
$2,613,600 |
$927,362
$151,589 |
$1,534,649 |
| 5 |
$2,744,250 |
$975,703
$159,167 |
$1,609,380 |
| 6 |
$2,881,500 |
$1,026,485
$167,127 |
$1,687,888 |
| 7 |
$3,025,500 |
$1,079,765
$175,479 |
$1,770,256 |
| 8 |
$3,176,850 |
$1,135,765
$184,257 |
$1,856,828 |
| 9 |
$3,335,700 |
$1,194,539
$193,471 |
$1,947,690 |
| 10 |
$3,502,500 |
$1,256,255
$203,145 |
$2,043,100 |
| 11 |
$3,677,550 |
$1,321,024
$213,298 |
$2,143,228 |
| 12 |
$3,861,450 |
$1,389,067
$223,964 |
$2,248,419 |
| 13 |
$4,054,500 |
$1,460,495
$235,161 |
$2,358,844 |
| 14 |
$4,257,300 |
$1,535,531
$246,923 |
$2,474,846 |
| 15 |
$4,470,150 |
$1,614,286
$259,269 |
$2,596,595 |
| 16 |
$4,693,650 |
$1,696,981
$272,232 |
$2,724,437 |
| 17 |
$4,928,250 |
$1,783,783
$285,839 |
$2,858,628 |
| 18 |
$5,174,700 |
$1,874,969
$300,133 |
$2,999,598 |
| 19 |
$5,433,450 |
$1,970,707
$315,140 |
$3,147,603 |
| 20 |
$5,705,100 |
$2,071,217
$330,896 |
$3,302,987 |
| 21 |
$5,990,400 |
$2,176,778
$347,443 |
$3,466,179 |
| 22 |
$6,289,950 |
$2,287,612
$364,817 |
$3,637,521 |
| 23 |
$6,604,350 |
$2,403,940
$383,052 |
$3,817,358 |
| 24 |
$6,934,650 |
$2,526,151
$402,210 |
$4,006,289 |
| 25 |
$7,281,300 |
$2,654,411
$422,315 |
$4,204,574 |
| 26 |
$7,645,500 |
$2,789,165
$443,439 |
$4,412,896 |
| 27 |
$8,027,700 |
$2,930,579
$465,607 |
$4,631,514 |
| 28 |
$8,429,100 |
$3,079,097
$488,888 |
$4,861,115 |
| 29 |
$8,850,600 |
$3,235,052
$513,335 |
$5,102,213 |
| 30 |
$9,293,100 |
$3,398,777
$539,000 |
$5,355,323 |
|
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