The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(5.8%) | $18,757,200 | | Net Lumpsum Payment | $185,024,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$648,608 |
$6,436,284 |
| 2 |
$11,742,372 |
$4,305,008
$681,058 |
$6,756,306 |
| 3 |
$12,329,342 |
$4,522,187
$715,102 |
$7,092,053 |
| 4 |
$12,946,032 |
$4,750,362
$750,870 |
$7,444,800 |
| 5 |
$13,593,185 |
$4,989,809
$788,405 |
$7,814,971 |
| 6 |
$14,273,030 |
$5,241,351
$827,836 |
$8,203,843 |
| 7 |
$14,986,310 |
$5,505,265
$869,206 |
$8,611,839 |
| 8 |
$15,735,997 |
$5,782,649
$912,688 |
$9,040,660 |
| 9 |
$16,522,834 |
$6,073,779
$958,324 |
$9,490,731 |
| 10 |
$17,349,050 |
$6,379,479
$1,006,245 |
$9,963,326 |
| 11 |
$18,216,131 |
$6,700,299
$1,056,536 |
$10,459,296 |
| 12 |
$19,127,049 |
$7,037,339
$1,109,369 |
$10,980,341 |
| 13 |
$20,083,290 |
$7,391,148
$1,164,831 |
$11,527,311 |
| 14 |
$21,087,826 |
$7,762,826
$1,223,094 |
$12,101,906 |
| 15 |
$22,142,143 |
$8,152,923
$1,284,244 |
$12,704,976 |
| 16 |
$23,249,213 |
$8,562,539
$1,348,454 |
$13,338,220 |
| 17 |
$24,411,265 |
$8,992,498
$1,415,853 |
$14,002,914 |
| 18 |
$25,632,014 |
$9,444,176
$1,486,657 |
$14,701,181 |
| 19 |
$26,913,689 |
$9,918,395
$1,560,994 |
$15,434,300 |
| 20 |
$28,259,262 |
$10,416,257
$1,639,037 |
$16,203,968 |
| 21 |
$29,672,448 |
$10,939,136
$1,721,002 |
$17,012,310 |
| 22 |
$31,156,219 |
$11,488,131
$1,807,061 |
$17,861,027 |
| 23 |
$32,713,547 |
$12,064,343
$1,897,386 |
$18,751,818 |
| 24 |
$34,349,633 |
$12,669,695
$1,992,279 |
$19,687,659 |
| 25 |
$36,066,706 |
$13,305,012
$2,091,869 |
$20,669,825 |
| 26 |
$37,870,710 |
$13,972,493
$2,196,501 |
$21,701,716 |
| 27 |
$39,763,874 |
$14,672,964
$2,306,305 |
$22,784,605 |
| 28 |
$41,752,142 |
$15,408,623
$2,421,624 |
$23,921,895 |
| 29 |
$43,839,972 |
$16,181,120
$2,542,718 |
$25,116,134 |
| 30 |
$46,031,822 |
$16,992,105
$2,669,846 |
$26,369,871 |
|
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