The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(5.8%) | $8,450,600 | | Net Lumpsum Payment | $83,380,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$284,584 |
$2,846,260 |
| 2 |
$5,152,104 |
$1,866,609
$298,822 |
$2,986,673 |
| 3 |
$5,409,644 |
$1,961,899
$313,759 |
$3,133,986 |
| 4 |
$5,680,224 |
$2,062,013
$329,453 |
$3,288,758 |
| 5 |
$5,964,170 |
$2,167,073
$345,922 |
$3,451,175 |
| 6 |
$6,262,460 |
$2,277,441
$363,223 |
$3,621,796 |
| 7 |
$6,575,420 |
$2,393,236
$381,374 |
$3,800,810 |
| 8 |
$6,904,354 |
$2,514,941
$400,453 |
$3,988,960 |
| 9 |
$7,249,588 |
$2,642,678
$420,476 |
$4,186,434 |
| 10 |
$7,612,100 |
$2,776,807
$441,502 |
$4,393,791 |
| 11 |
$7,992,542 |
$2,917,571
$463,567 |
$4,611,404 |
| 12 |
$8,392,218 |
$3,065,451
$486,749 |
$4,840,018 |
| 13 |
$8,811,780 |
$3,220,689
$511,083 |
$5,080,008 |
| 14 |
$9,252,532 |
$3,383,767
$536,647 |
$5,332,118 |
| 15 |
$9,715,126 |
$3,554,927
$563,477 |
$5,596,722 |
| 16 |
$10,200,866 |
$3,734,651
$591,650 |
$5,874,565 |
| 17 |
$10,710,730 |
$3,923,300
$621,222 |
$6,166,208 |
| 18 |
$11,246,348 |
$4,121,479
$652,288 |
$6,472,581 |
| 19 |
$11,808,698 |
$4,329,549
$684,904 |
$6,794,245 |
| 20 |
$12,399,084 |
$4,547,991
$719,147 |
$7,131,946 |
| 21 |
$13,019,136 |
$4,777,411
$755,110 |
$7,486,615 |
| 22 |
$13,670,158 |
$5,018,289
$792,869 |
$7,859,000 |
| 23 |
$14,353,454 |
$5,271,108
$832,500 |
$8,249,846 |
| 24 |
$15,071,306 |
$5,536,714
$874,136 |
$8,660,456 |
| 25 |
$15,824,692 |
$5,815,466
$917,832 |
$9,091,394 |
| 26 |
$16,616,220 |
$6,108,332
$963,741 |
$9,544,147 |
| 27 |
$17,446,868 |
$6,415,672
$1,011,918 |
$10,019,278 |
| 28 |
$18,319,244 |
$6,738,451
$1,062,516 |
$10,518,277 |
| 29 |
$19,235,304 |
$7,077,393
$1,115,648 |
$11,042,263 |
| 30 |
$20,197,004 |
$7,433,222
$1,171,426 |
$11,592,356 |
|
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