The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(5.8%) | $3,996,200 | | Net Lumpsum Payment | $39,450,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$139,673 |
$1,417,137 |
| 2 |
$2,528,640 |
$895,927
$146,661 |
$1,486,052 |
| 3 |
$2,655,040 |
$942,695
$153,992 |
$1,558,353 |
| 4 |
$2,787,840 |
$991,831
$161,695 |
$1,634,314 |
| 5 |
$2,927,200 |
$1,043,394
$169,778 |
$1,714,028 |
| 6 |
$3,073,600 |
$1,097,562
$178,269 |
$1,797,769 |
| 7 |
$3,227,200 |
$1,154,394
$187,178 |
$1,885,628 |
| 8 |
$3,388,640 |
$1,214,127
$196,541 |
$1,977,972 |
| 9 |
$3,558,080 |
$1,276,820
$206,369 |
$2,074,891 |
| 10 |
$3,736,000 |
$1,342,650
$216,688 |
$2,176,662 |
| 11 |
$3,922,720 |
$1,411,737
$227,518 |
$2,283,465 |
| 12 |
$4,118,880 |
$1,484,316
$238,895 |
$2,395,669 |
| 13 |
$4,324,800 |
$1,560,506
$250,838 |
$2,513,456 |
| 14 |
$4,541,120 |
$1,640,545
$263,385 |
$2,637,190 |
| 15 |
$4,768,160 |
$1,724,550
$276,553 |
$2,767,057 |
| 16 |
$5,006,560 |
$1,812,758
$290,380 |
$2,903,422 |
| 17 |
$5,256,800 |
$1,905,346
$304,894 |
$3,046,560 |
| 18 |
$5,519,680 |
$2,002,612
$320,141 |
$3,196,927 |
| 19 |
$5,795,680 |
$2,104,732
$336,149 |
$3,354,799 |
| 20 |
$6,085,440 |
$2,211,943
$352,956 |
$3,520,541 |
| 21 |
$6,389,760 |
$2,324,542
$370,606 |
$3,694,612 |
| 22 |
$6,709,280 |
$2,442,764
$389,138 |
$3,877,378 |
| 23 |
$7,044,640 |
$2,566,847
$408,589 |
$4,069,204 |
| 24 |
$7,396,960 |
$2,697,206
$429,024 |
$4,270,730 |
| 25 |
$7,766,720 |
$2,834,017
$450,470 |
$4,482,233 |
| 26 |
$8,155,200 |
$2,977,754
$473,002 |
$4,704,444 |
| 27 |
$8,562,880 |
$3,128,596
$496,647 |
$4,937,637 |
| 28 |
$8,991,040 |
$3,287,015
$521,480 |
$5,182,545 |
| 29 |
$9,440,640 |
$3,453,367
$547,557 |
$5,439,716 |
| 30 |
$9,912,640 |
$3,628,007
$574,933 |
$5,709,700 |
|
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