The jackpot for the MEGA Millions draw on Tue Aug 19, 2025, is projected to be $216 Million, with an option for a cash payout of $97 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 Aug 19, 2025 |
|---|
| Draw Date | Tue Aug 19, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $97,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,000,000 | | Federal Tax(24%) | $23,280,000 | | Additional Federal Tax | $12,570,330 | | State Tax(5.8%) | $5,626,000 | | Net Lumpsum Payment | $55,523,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$188,559 |
$1,899,251 |
| 2 |
$3,413,664 |
$1,223,386
$197,993 |
$1,992,285 |
| 3 |
$3,584,304 |
$1,286,523
$207,890 |
$2,089,891 |
| 4 |
$3,763,584 |
$1,352,856
$218,288 |
$2,192,440 |
| 5 |
$3,951,720 |
$1,422,467
$229,200 |
$2,300,053 |
| 6 |
$4,149,360 |
$1,495,594
$240,663 |
$2,413,103 |
| 7 |
$4,356,720 |
$1,572,317
$252,690 |
$2,531,713 |
| 8 |
$4,574,664 |
$1,652,956
$265,331 |
$2,656,377 |
| 9 |
$4,803,408 |
$1,737,591
$278,598 |
$2,787,219 |
| 10 |
$5,043,600 |
$1,826,462
$292,529 |
$2,924,609 |
| 11 |
$5,295,672 |
$1,919,729
$307,149 |
$3,068,794 |
| 12 |
$5,560,488 |
$2,017,711
$322,508 |
$3,220,269 |
| 13 |
$5,838,480 |
$2,120,568
$338,632 |
$3,379,280 |
| 14 |
$6,130,512 |
$2,228,620
$355,570 |
$3,546,322 |
| 15 |
$6,437,016 |
$2,342,026
$373,347 |
$3,721,643 |
| 16 |
$6,758,856 |
$2,461,107
$392,014 |
$3,905,735 |
| 17 |
$7,096,680 |
$2,586,102
$411,607 |
$4,098,971 |
| 18 |
$7,451,568 |
$2,717,411
$432,191 |
$4,301,966 |
| 19 |
$7,824,168 |
$2,855,273
$453,802 |
$4,515,093 |
| 20 |
$8,215,344 |
$3,000,008
$476,490 |
$4,738,846 |
| 21 |
$8,626,176 |
$3,152,016
$500,318 |
$4,973,842 |
| 22 |
$9,057,528 |
$3,311,616
$525,337 |
$5,220,575 |
| 23 |
$9,510,264 |
$3,479,128
$551,595 |
$5,479,541 |
| 24 |
$9,985,896 |
$3,655,112
$579,182 |
$5,751,602 |
| 25 |
$10,485,072 |
$3,839,807
$608,134 |
$6,037,131 |
| 26 |
$11,009,520 |
$4,033,853
$638,552 |
$6,337,115 |
| 27 |
$11,559,888 |
$4,237,489
$670,474 |
$6,651,925 |
| 28 |
$12,137,904 |
$4,451,355
$703,998 |
$6,982,551 |
| 29 |
$12,744,864 |
$4,675,930
$739,202 |
$7,329,732 |
| 30 |
$13,382,064 |
$4,911,694
$776,160 |
$7,694,210 |
|
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