The jackpot for the MEGA Millions draw on Tue May 12, 2026, is projected to be $232 Million, with an option for a cash payout of $103.8 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 12, 2026 |
|---|
| Draw Date | Tue May 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $103,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,800,000 | | Federal Tax(24%) | $24,912,000 | | Additional Federal Tax | $13,454,330 | | State Tax(5.8%) | $6,020,400 | | Net Lumpsum Payment | $59,413,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$202,526 |
$2,036,998 |
| 2 |
$3,666,528 |
$1,316,946
$212,659 |
$2,136,923 |
| 3 |
$3,849,808 |
$1,384,759
$223,289 |
$2,241,760 |
| 4 |
$4,042,368 |
$1,456,007
$234,457 |
$2,351,904 |
| 5 |
$4,244,440 |
$1,530,773
$246,178 |
$2,467,489 |
| 6 |
$4,456,720 |
$1,609,317
$258,490 |
$2,588,913 |
| 7 |
$4,679,440 |
$1,691,723
$271,408 |
$2,716,309 |
| 8 |
$4,913,528 |
$1,778,336
$284,985 |
$2,850,207 |
| 9 |
$5,159,216 |
$1,869,240
$299,235 |
$2,990,741 |
| 10 |
$5,417,200 |
$1,964,694
$314,198 |
$3,138,308 |
| 11 |
$5,687,944 |
$2,064,870
$329,901 |
$3,293,173 |
| 12 |
$5,972,376 |
$2,170,110
$346,398 |
$3,455,868 |
| 13 |
$6,270,960 |
$2,280,586
$363,716 |
$3,626,658 |
| 14 |
$6,584,624 |
$2,396,641
$381,908 |
$3,806,075 |
| 15 |
$6,913,832 |
$2,518,448
$401,002 |
$3,994,382 |
| 16 |
$7,259,512 |
$2,646,350
$421,052 |
$4,192,110 |
| 17 |
$7,622,360 |
$2,780,604
$442,097 |
$4,399,659 |
| 18 |
$8,003,536 |
$2,921,639
$464,205 |
$4,617,692 |
| 19 |
$8,403,736 |
$3,069,713
$487,417 |
$4,846,606 |
| 20 |
$8,823,888 |
$3,225,169
$511,786 |
$5,086,933 |
| 21 |
$9,265,152 |
$3,388,437
$537,379 |
$5,339,336 |
| 22 |
$9,728,456 |
$3,559,859
$564,250 |
$5,604,347 |
| 23 |
$10,214,728 |
$3,739,780
$592,454 |
$5,882,494 |
| 24 |
$10,725,592 |
$3,928,799
$622,084 |
$6,174,709 |
| 25 |
$11,261,744 |
$4,127,176
$653,181 |
$6,481,387 |
| 26 |
$11,825,040 |
$4,335,595
$685,852 |
$6,803,593 |
| 27 |
$12,416,176 |
$4,554,316
$720,138 |
$7,141,722 |
| 28 |
$13,037,008 |
$4,784,023
$756,146 |
$7,496,839 |
| 29 |
$13,688,928 |
$5,025,234
$793,958 |
$7,869,736 |
| 30 |
$14,373,328 |
$5,278,462
$833,653 |
$8,261,213 |
|
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