Jackpot Analysis Idaho Mega Millions

Jackpot Analysis for Idaho Mega Millions
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
Draw DateFri May 9, 2025
Projected Jackpot$100,000,000
Cash Value$45,300,000

Lumpsum Option Taxes and Payment
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
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