The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(5.8%) | $2,865,200 | | Net Lumpsum Payment | $28,296,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$96,025 |
$986,679 |
| 2 |
$1,738,440 |
$603,553
$100,830 |
$1,034,057 |
| 3 |
$1,825,340 |
$635,706
$105,870 |
$1,083,764 |
| 4 |
$1,916,640 |
$669,487
$111,165 |
$1,135,988 |
| 5 |
$2,012,450 |
$704,937
$116,722 |
$1,190,791 |
| 6 |
$2,113,100 |
$742,177
$122,560 |
$1,248,363 |
| 7 |
$2,218,700 |
$781,249
$128,685 |
$1,308,766 |
| 8 |
$2,329,690 |
$822,316
$135,122 |
$1,372,252 |
| 9 |
$2,446,180 |
$865,417
$141,878 |
$1,438,885 |
| 10 |
$2,568,500 |
$910,675
$148,973 |
$1,508,852 |
| 11 |
$2,696,870 |
$958,172
$156,418 |
$1,582,280 |
| 12 |
$2,831,730 |
$1,008,070
$164,240 |
$1,659,420 |
| 13 |
$2,973,300 |
$1,060,451
$172,451 |
$1,740,398 |
| 14 |
$3,122,020 |
$1,115,478
$181,077 |
$1,825,465 |
| 15 |
$3,278,110 |
$1,173,231
$190,130 |
$1,914,749 |
| 16 |
$3,442,010 |
$1,233,874
$199,637 |
$2,008,499 |
| 17 |
$3,614,050 |
$1,297,529
$209,615 |
$2,106,906 |
| 18 |
$3,794,780 |
$1,364,399
$220,097 |
$2,210,284 |
| 19 |
$3,984,530 |
$1,434,606
$231,103 |
$2,318,821 |
| 20 |
$4,183,740 |
$1,508,314
$242,657 |
$2,432,769 |
| 21 |
$4,392,960 |
$1,585,726
$254,792 |
$2,552,442 |
| 22 |
$4,612,630 |
$1,667,003
$267,533 |
$2,678,094 |
| 23 |
$4,843,190 |
$1,752,311
$280,905 |
$2,809,974 |
| 24 |
$5,085,410 |
$1,841,932
$294,954 |
$2,948,524 |
| 25 |
$5,339,620 |
$1,935,990
$309,698 |
$3,093,932 |
| 26 |
$5,606,700 |
$2,034,809
$325,189 |
$3,246,702 |
| 27 |
$5,886,980 |
$2,138,513
$341,445 |
$3,407,022 |
| 28 |
$6,181,340 |
$2,247,426
$358,518 |
$3,575,396 |
| 29 |
$6,490,440 |
$2,361,793
$376,446 |
$3,752,201 |
| 30 |
$6,814,940 |
$2,481,858
$395,267 |
$3,937,815 |
|
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