The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(5.8%) | $7,911,200 | | Net Lumpsum Payment | $78,060,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$271,490 |
$2,717,122 |
| 2 |
$4,915,044 |
$1,778,897
$285,073 |
$2,851,074 |
| 3 |
$5,160,734 |
$1,869,802
$299,323 |
$2,991,609 |
| 4 |
$5,418,864 |
$1,965,310
$314,294 |
$3,139,260 |
| 5 |
$5,689,745 |
$2,065,536
$330,005 |
$3,294,204 |
| 6 |
$5,974,310 |
$2,170,825
$346,510 |
$3,456,975 |
| 7 |
$6,272,870 |
$2,281,292
$363,826 |
$3,627,752 |
| 8 |
$6,586,669 |
$2,397,398
$382,027 |
$3,807,244 |
| 9 |
$6,916,018 |
$2,519,257
$401,129 |
$3,995,632 |
| 10 |
$7,261,850 |
$2,647,215
$421,187 |
$4,193,448 |
| 11 |
$7,624,787 |
$2,781,502
$442,238 |
$4,401,047 |
| 12 |
$8,006,073 |
$2,922,577
$464,352 |
$4,619,144 |
| 13 |
$8,406,330 |
$3,070,672
$487,567 |
$4,848,091 |
| 14 |
$8,826,802 |
$3,226,247
$511,955 |
$5,088,600 |
| 15 |
$9,268,111 |
$3,389,531
$537,550 |
$5,341,030 |
| 16 |
$9,731,501 |
$3,560,986
$564,427 |
$5,606,088 |
| 17 |
$10,217,905 |
$3,740,955
$592,638 |
$5,884,312 |
| 18 |
$10,728,878 |
$3,930,015
$622,275 |
$6,176,588 |
| 19 |
$11,265,353 |
$4,128,511
$653,390 |
$6,483,452 |
| 20 |
$11,828,574 |
$4,336,903
$686,057 |
$6,805,614 |
| 21 |
$12,420,096 |
$4,555,766
$720,366 |
$7,143,964 |
| 22 |
$13,041,163 |
$4,785,561
$756,387 |
$7,499,215 |
| 23 |
$13,693,019 |
$5,026,747
$794,195 |
$7,872,077 |
| 24 |
$14,377,841 |
$5,280,132
$833,915 |
$8,263,794 |
| 25 |
$15,096,562 |
$5,546,058
$875,601 |
$8,674,903 |
| 26 |
$15,851,670 |
$5,825,448
$919,397 |
$9,106,825 |
| 27 |
$16,644,098 |
$6,118,647
$965,358 |
$9,560,093 |
| 28 |
$17,476,334 |
$6,426,574
$1,013,627 |
$10,036,133 |
| 29 |
$18,350,244 |
$6,749,921
$1,064,314 |
$10,536,009 |
| 30 |
$19,267,694 |
$7,089,377
$1,117,526 |
$11,060,791 |
|
|
