The jackpot for the MEGA Millions draw on Fri May 9, 2025, is projected to be $100 Million, with an option for a cash payout of $45.3 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 Fri May 9, 2025 |
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Draw Date | Fri May 9, 2025 | Projected Jackpot | $100,000,000 | Cash Value | $45,300,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $45,300,000 | Federal Tax(24%) | $10,872,000 | Additional Federal Tax | $5,849,330 | State Tax(5.8%) | $2,627,400 | Net Lumpsum Payment | $25,951,270 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,505,100 |
$517,217 $87,296 |
$900,587 |
2 |
$1,580,400 |
$545,078 $91,663 |
$943,659 |
3 |
$1,659,400 |
$574,308 $96,245 |
$988,847 |
4 |
$1,742,400 |
$605,018 $101,059 |
$1,036,323 |
5 |
$1,829,500 |
$637,245 $106,111 |
$1,086,144 |
6 |
$1,921,000 |
$671,100 $111,418 |
$1,138,482 |
7 |
$2,017,000 |
$706,620 $116,986 |
$1,193,394 |
8 |
$2,117,900 |
$743,953 $122,838 |
$1,251,109 |
9 |
$2,223,800 |
$783,136 $128,980 |
$1,311,684 |
10 |
$2,335,000 |
$824,280 $135,430 |
$1,375,290 |
11 |
$2,451,700 |
$867,459 $142,199 |
$1,442,042 |
12 |
$2,574,300 |
$912,821 $149,309 |
$1,512,170 |
13 |
$2,703,000 |
$960,440 $156,774 |
$1,585,786 |
14 |
$2,838,200 |
$1,010,464 $164,616 |
$1,663,120 |
15 |
$2,980,100 |
$1,062,967 $172,846 |
$1,744,287 |
16 |
$3,129,100 |
$1,118,097 $181,488 |
$1,829,515 |
17 |
$3,285,500 |
$1,175,965 $190,559 |
$1,918,976 |
18 |
$3,449,800 |
$1,236,756 $200,088 |
$2,012,956 |
19 |
$3,622,300 |
$1,300,581 $210,093 |
$2,111,626 |
20 |
$3,803,400 |
$1,367,588 $220,597 |
$2,215,215 |
21 |
$3,993,600 |
$1,437,962 $231,629 |
$2,324,009 |
22 |
$4,193,300 |
$1,511,851 $243,211 |
$2,438,238 |
23 |
$4,402,900 |
$1,589,403 $255,368 |
$2,558,129 |
24 |
$4,623,100 |
$1,670,877 $268,140 |
$2,684,083 |
25 |
$4,854,200 |
$1,756,384 $281,544 |
$2,816,272 |
26 |
$5,097,000 |
$1,846,220 $295,626 |
$2,955,154 |
27 |
$5,351,800 |
$1,940,496 $310,404 |
$3,100,900 |
28 |
$5,619,400 |
$2,039,508 $325,925 |
$3,253,967 |
29 |
$5,900,400 |
$2,143,478 $342,223 |
$3,414,699 |
30 |
$6,195,400 |
$2,252,628 $359,333 |
$3,583,439 |
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