The jackpot for the MEGA Millions draw on Fri Mar 14, 2025, is projected to be $277 Million, with an option for a cash payout of $129.5 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 Fri Mar 14, 2025 |
|---|
| Draw Date | Fri Mar 14, 2025 | | Projected Jackpot | $277,000,000 | | Cash Value | $129,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $129,500,000 | | Federal Tax(24%) | $31,080,000 | | Additional Federal Tax | $16,795,330 | | State Tax(5.8%) | $7,511,000 | | Net Lumpsum Payment | $74,113,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,169,127 |
$1,502,907
$241,809 |
$2,424,411 |
| 2 |
$4,377,708 |
$1,580,082
$253,907 |
$2,543,719 |
| 3 |
$4,596,538 |
$1,661,049
$266,599 |
$2,668,890 |
| 4 |
$4,826,448 |
$1,746,116
$279,934 |
$2,800,398 |
| 5 |
$5,067,715 |
$1,835,385
$293,927 |
$2,938,403 |
| 6 |
$5,321,170 |
$1,929,163
$308,628 |
$3,083,379 |
| 7 |
$5,587,090 |
$2,027,554
$324,051 |
$3,235,485 |
| 8 |
$5,866,583 |
$2,130,966
$340,262 |
$3,395,355 |
| 9 |
$6,159,926 |
$2,239,503
$357,276 |
$3,563,147 |
| 10 |
$6,467,950 |
$2,353,472
$375,141 |
$3,739,337 |
| 11 |
$6,791,209 |
$2,473,078
$393,890 |
$3,924,241 |
| 12 |
$7,130,811 |
$2,598,730
$413,587 |
$4,118,494 |
| 13 |
$7,487,310 |
$2,730,635
$434,264 |
$4,322,411 |
| 14 |
$7,861,814 |
$2,869,202
$455,985 |
$4,536,627 |
| 15 |
$8,254,877 |
$3,014,635
$478,783 |
$4,761,459 |
| 16 |
$8,667,607 |
$3,167,345
$502,721 |
$4,997,541 |
| 17 |
$9,100,835 |
$3,327,639
$527,848 |
$5,245,348 |
| 18 |
$9,555,946 |
$3,496,030
$554,245 |
$5,505,671 |
| 19 |
$10,033,771 |
$3,672,826
$581,959 |
$5,778,986 |
| 20 |
$10,535,418 |
$3,858,435
$611,054 |
$6,065,929 |
| 21 |
$11,062,272 |
$4,053,371
$641,612 |
$6,367,289 |
| 22 |
$11,615,441 |
$4,258,044
$673,696 |
$6,683,701 |
| 23 |
$12,196,033 |
$4,472,863
$707,370 |
$7,015,800 |
| 24 |
$12,805,987 |
$4,698,546
$742,747 |
$7,364,694 |
| 25 |
$13,446,134 |
$4,935,400
$779,876 |
$7,730,858 |
| 26 |
$14,118,690 |
$5,184,246
$818,884 |
$8,115,560 |
| 27 |
$14,824,486 |
$5,445,390
$859,820 |
$8,519,276 |
| 28 |
$15,565,738 |
$5,719,653
$902,813 |
$8,943,272 |
| 29 |
$16,344,108 |
$6,007,650
$947,958 |
$9,388,500 |
| 30 |
$17,161,258 |
$6,309,996
$995,353 |
$9,855,909 |
|
|
