Jackpot Analysis Idaho Mega Millions

Jackpot Analysis for Idaho Mega Millions
The jackpot for the MEGA Millions draw on Tue May 20, 2025, is projected to be $139 Million, with an option for a cash payout of $62.3 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 Tue May 20, 2025
Draw DateTue May 20, 2025
Projected Jackpot$139,000,000
Cash Value$62,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$62,300,000
Federal Tax(24%)$14,952,000
Additional Federal Tax$8,059,330
State Tax(5.8%)$3,613,400
Net Lumpsum Payment$35,675,270
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,092,089 $734,403
$121,341
$1,236,345
2 $2,196,756 $773,130
$127,412
$1,296,214
3 $2,306,566 $813,760
$133,781
$1,359,025
4 $2,421,936 $856,447
$140,472
$1,425,017
5 $2,543,005 $901,242
$147,494
$1,494,269
6 $2,670,190 $948,301
$154,871
$1,567,018
7 $2,803,630 $997,673
$162,611
$1,643,346
8 $2,943,881 $1,049,566
$170,745
$1,723,570
9 $3,091,082 $1,104,031
$179,283
$1,807,768
10 $3,245,650 $1,161,221
$188,248
$1,896,181
11 $3,407,863 $1,221,240
$197,656
$1,988,967
12 $3,578,277 $1,284,293
$207,540
$2,086,444
13 $3,757,170 $1,350,483
$217,916
$2,188,771
14 $3,945,098 $1,420,017
$228,816
$2,296,265
15 $4,142,339 $1,492,996
$240,256
$2,409,087
16 $4,349,449 $1,569,627
$252,268
$2,527,554
17 $4,566,845 $1,650,063
$264,877
$2,651,905
18 $4,795,222 $1,734,563
$278,123
$2,782,536
19 $5,034,997 $1,823,279
$292,030
$2,919,688
20 $5,286,726 $1,916,419
$306,630
$3,063,677
21 $5,551,104 $2,014,239
$321,964
$3,214,901
22 $5,828,687 $2,116,945
$338,064
$3,373,678
23 $6,120,031 $2,224,742
$354,962
$3,540,327
24 $6,426,109 $2,337,991
$372,714
$3,715,404
25 $6,747,338 $2,456,845
$391,346
$3,899,147
26 $7,084,830 $2,581,717
$410,920
$4,092,193
27 $7,439,002 $2,712,761
$431,462
$4,294,779
28 $7,810,966 $2,850,388
$453,036
$4,507,542
29 $8,201,556 $2,994,906
$475,690
$4,730,960
30 $8,611,606 $3,146,625
$499,473
$4,965,508