The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(5.8%) | $11,779,800 | | Net Lumpsum Payment | $116,212,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$382,356 |
$3,810,487 |
| 2 |
$6,922,152 |
$2,521,527
$401,485 |
$3,999,140 |
| 3 |
$7,268,172 |
$2,649,554
$421,554 |
$4,197,064 |
| 4 |
$7,631,712 |
$2,784,064
$442,639 |
$4,405,009 |
| 5 |
$8,013,210 |
$2,925,218
$464,766 |
$4,623,226 |
| 6 |
$8,413,980 |
$3,073,503
$488,011 |
$4,852,466 |
| 7 |
$8,834,460 |
$3,229,081
$512,399 |
$5,092,980 |
| 8 |
$9,276,402 |
$3,392,599
$538,031 |
$5,345,772 |
| 9 |
$9,740,244 |
$3,564,221
$564,934 |
$5,611,089 |
| 10 |
$10,227,300 |
$3,744,431
$593,183 |
$5,889,686 |
| 11 |
$10,738,446 |
$3,933,555
$622,830 |
$6,182,061 |
| 12 |
$11,275,434 |
$4,132,241
$653,975 |
$6,489,218 |
| 13 |
$11,839,140 |
$4,340,812
$686,670 |
$6,811,658 |
| 14 |
$12,431,316 |
$4,559,917
$721,016 |
$7,150,383 |
| 15 |
$13,052,838 |
$4,789,880
$757,065 |
$7,505,893 |
| 16 |
$13,705,458 |
$5,031,350
$794,917 |
$7,879,191 |
| 17 |
$14,390,490 |
$5,284,812
$834,648 |
$8,271,030 |
| 18 |
$15,110,124 |
$5,551,076
$876,387 |
$8,682,661 |
| 19 |
$15,865,674 |
$5,830,630
$920,209 |
$9,114,835 |
| 20 |
$16,658,892 |
$6,124,120
$966,216 |
$9,568,556 |
| 21 |
$17,491,968 |
$6,432,359
$1,014,534 |
$10,045,075 |
| 22 |
$18,366,654 |
$6,755,992
$1,065,266 |
$10,545,396 |
| 23 |
$19,284,702 |
$7,095,670
$1,118,513 |
$11,070,519 |
| 24 |
$20,249,178 |
$7,452,526
$1,174,452 |
$11,622,200 |
| 25 |
$21,261,396 |
$7,827,047
$1,233,161 |
$12,201,188 |
| 26 |
$22,324,860 |
$8,220,529
$1,294,842 |
$12,809,489 |
| 27 |
$23,440,884 |
$8,633,457
$1,359,571 |
$13,447,856 |
| 28 |
$24,612,972 |
$9,067,130
$1,427,552 |
$14,118,290 |
| 29 |
$25,843,752 |
$9,522,519
$1,498,938 |
$14,822,295 |
| 30 |
$27,135,852 |
$10,000,596
$1,573,879 |
$15,561,377 |
|
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