The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(5.8%) | $9,488,800 | | Net Lumpsum Payment | $93,618,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$321,249 |
$3,207,844 |
| 2 |
$5,815,872 |
$2,112,203
$337,321 |
$3,366,348 |
| 3 |
$6,106,592 |
$2,219,769
$354,182 |
$3,532,641 |
| 4 |
$6,412,032 |
$2,332,782
$371,898 |
$3,707,352 |
| 5 |
$6,732,560 |
$2,451,378
$390,488 |
$3,890,694 |
| 6 |
$7,069,280 |
$2,575,964
$410,018 |
$4,083,298 |
| 7 |
$7,422,560 |
$2,706,678
$430,508 |
$4,285,374 |
| 8 |
$7,793,872 |
$2,844,063
$452,045 |
$4,497,764 |
| 9 |
$8,183,584 |
$2,988,256
$474,648 |
$4,720,680 |
| 10 |
$8,592,800 |
$3,139,666
$498,382 |
$4,954,752 |
| 11 |
$9,022,256 |
$3,298,565
$523,291 |
$5,200,400 |
| 12 |
$9,473,424 |
$3,465,497
$549,459 |
$5,458,468 |
| 13 |
$9,947,040 |
$3,640,735
$576,928 |
$5,729,377 |
| 14 |
$10,444,576 |
$3,824,824
$605,785 |
$6,013,967 |
| 15 |
$10,966,768 |
$4,018,035
$636,073 |
$6,312,660 |
| 16 |
$11,515,088 |
$4,220,913
$667,875 |
$6,626,300 |
| 17 |
$12,090,640 |
$4,433,867
$701,257 |
$6,955,516 |
| 18 |
$12,695,264 |
$4,657,578
$736,325 |
$7,301,361 |
| 19 |
$13,330,064 |
$4,892,454
$773,144 |
$7,664,466 |
| 20 |
$13,996,512 |
$5,139,040
$811,798 |
$8,045,674 |
| 21 |
$14,696,448 |
$5,398,016
$852,394 |
$8,446,038 |
| 22 |
$15,431,344 |
$5,669,928
$895,018 |
$8,866,398 |
| 23 |
$16,202,672 |
$5,955,319
$939,755 |
$9,307,598 |
| 24 |
$17,013,008 |
$6,255,143
$986,754 |
$9,771,111 |
| 25 |
$17,863,456 |
$6,569,809
$1,036,080 |
$10,257,567 |
| 26 |
$18,756,960 |
$6,900,406
$1,087,904 |
$10,768,650 |
| 27 |
$19,694,624 |
$7,247,341
$1,142,288 |
$11,304,995 |
| 28 |
$20,679,392 |
$7,611,705
$1,199,405 |
$11,868,282 |
| 29 |
$21,713,472 |
$7,994,315
$1,259,381 |
$12,459,776 |
| 30 |
$22,799,072 |
$8,395,987
$1,322,346 |
$13,080,739 |
|
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