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 Date | Tue 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 |
|
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