The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(5.8%) | $5,220,000 | | Net Lumpsum Payment | $51,519,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$176,338 |
$1,778,722 |
| 2 |
$3,192,408 |
$1,141,521
$185,160 |
$1,865,727 |
| 3 |
$3,351,988 |
$1,200,566
$194,415 |
$1,957,007 |
| 4 |
$3,519,648 |
$1,262,600
$204,140 |
$2,052,908 |
| 5 |
$3,695,590 |
$1,327,699
$214,344 |
$2,153,547 |
| 6 |
$3,880,420 |
$1,396,086
$225,064 |
$2,259,270 |
| 7 |
$4,074,340 |
$1,467,836
$236,312 |
$2,370,192 |
| 8 |
$4,278,158 |
$1,543,249
$248,133 |
$2,486,776 |
| 9 |
$4,492,076 |
$1,622,399
$260,540 |
$2,609,137 |
| 10 |
$4,716,700 |
$1,705,509
$273,569 |
$2,737,622 |
| 11 |
$4,952,434 |
$1,792,731
$287,241 |
$2,872,462 |
| 12 |
$5,200,086 |
$1,884,362
$301,605 |
$3,014,119 |
| 13 |
$5,460,060 |
$1,980,553
$316,683 |
$3,162,824 |
| 14 |
$5,733,164 |
$2,081,601
$332,524 |
$3,319,039 |
| 15 |
$6,019,802 |
$2,187,657
$349,149 |
$3,482,996 |
| 16 |
$6,320,782 |
$2,299,020
$366,605 |
$3,655,157 |
| 17 |
$6,636,710 |
$2,415,913
$384,929 |
$3,835,868 |
| 18 |
$6,968,596 |
$2,538,711
$404,179 |
$4,025,706 |
| 19 |
$7,317,046 |
$2,667,637
$424,389 |
$4,225,020 |
| 20 |
$7,682,868 |
$2,802,992
$445,606 |
$4,434,270 |
| 21 |
$8,067,072 |
$2,945,147
$467,890 |
$4,654,035 |
| 22 |
$8,470,466 |
$3,094,403
$491,287 |
$4,884,776 |
| 23 |
$8,893,858 |
$3,251,058
$515,844 |
$5,126,956 |
| 24 |
$9,338,662 |
$3,415,635
$541,642 |
$5,381,385 |
| 25 |
$9,805,484 |
$3,588,359
$568,718 |
$5,648,407 |
| 26 |
$10,295,940 |
$3,769,828
$597,165 |
$5,928,947 |
| 27 |
$10,810,636 |
$3,960,266
$627,017 |
$6,223,353 |
| 28 |
$11,351,188 |
$4,160,270
$658,369 |
$6,532,549 |
| 29 |
$11,918,808 |
$4,370,289
$691,291 |
$6,857,228 |
| 30 |
$12,514,708 |
$4,590,772
$725,853 |
$7,198,083 |
|
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