The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(5.8%) | $5,005,400 | | Net Lumpsum Payment | $49,403,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$170,227 |
$1,718,458 |
| 2 |
$3,081,780 |
$1,100,589
$178,743 |
$1,802,448 |
| 3 |
$3,235,830 |
$1,157,587
$187,678 |
$1,890,565 |
| 4 |
$3,397,680 |
$1,217,472
$197,065 |
$1,983,143 |
| 5 |
$3,567,525 |
$1,280,315
$206,916 |
$2,080,294 |
| 6 |
$3,745,950 |
$1,346,332
$217,265 |
$2,182,353 |
| 7 |
$3,933,150 |
$1,415,596
$228,123 |
$2,289,431 |
| 8 |
$4,129,905 |
$1,488,395
$239,534 |
$2,401,976 |
| 9 |
$4,336,410 |
$1,564,802
$251,512 |
$2,520,096 |
| 10 |
$4,553,250 |
$1,645,033
$264,089 |
$2,644,128 |
| 11 |
$4,780,815 |
$1,729,232
$277,287 |
$2,774,296 |
| 12 |
$5,019,885 |
$1,817,688
$291,153 |
$2,911,044 |
| 13 |
$5,270,850 |
$1,910,545
$305,709 |
$3,054,596 |
| 14 |
$5,534,490 |
$2,008,092
$321,000 |
$3,205,398 |
| 15 |
$5,811,195 |
$2,110,473
$337,049 |
$3,363,673 |
| 16 |
$6,101,745 |
$2,217,976
$353,901 |
$3,529,868 |
| 17 |
$6,406,725 |
$2,330,819
$371,590 |
$3,704,316 |
| 18 |
$6,727,110 |
$2,449,361
$390,172 |
$3,887,577 |
| 19 |
$7,063,485 |
$2,573,820
$409,682 |
$4,079,983 |
| 20 |
$7,416,630 |
$2,704,483
$430,165 |
$4,281,982 |
| 21 |
$7,787,520 |
$2,841,713
$451,676 |
$4,494,131 |
| 22 |
$8,176,935 |
$2,985,796
$474,262 |
$4,716,877 |
| 23 |
$8,585,655 |
$3,137,023
$497,968 |
$4,950,664 |
| 24 |
$9,015,045 |
$3,295,897
$522,873 |
$5,196,275 |
| 25 |
$9,465,690 |
$3,462,636
$549,010 |
$5,454,044 |
| 26 |
$9,939,150 |
$3,637,816
$576,471 |
$5,724,863 |
| 27 |
$10,436,010 |
$3,821,654
$605,289 |
$6,009,067 |
| 28 |
$10,957,830 |
$4,014,727
$635,554 |
$6,307,549 |
| 29 |
$11,505,780 |
$4,217,469
$667,335 |
$6,620,976 |
| 30 |
$12,081,030 |
$4,430,311
$700,700 |
$6,950,019 |
|
|
