The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 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 Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | 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 |
$4,861,473 |
$1,759,075
$281,965 |
$2,820,433 |
| 2 |
$5,104,692 |
$1,849,066
$296,072 |
$2,959,554 |
| 3 |
$5,359,862 |
$1,943,479
$310,872 |
$3,105,511 |
| 4 |
$5,627,952 |
$2,042,673
$326,421 |
$3,258,858 |
| 5 |
$5,909,285 |
$2,146,766
$342,739 |
$3,419,780 |
| 6 |
$6,204,830 |
$2,256,117
$359,880 |
$3,588,833 |
| 7 |
$6,514,910 |
$2,370,847
$377,865 |
$3,766,198 |
| 8 |
$6,840,817 |
$2,491,433
$396,767 |
$3,952,617 |
| 9 |
$7,182,874 |
$2,617,994
$416,607 |
$4,148,273 |
| 10 |
$7,542,050 |
$2,750,889
$437,439 |
$4,353,722 |
| 11 |
$7,918,991 |
$2,890,357
$459,301 |
$4,569,333 |
| 12 |
$8,314,989 |
$3,036,876
$482,269 |
$4,795,844 |
| 13 |
$8,730,690 |
$3,190,686
$506,380 |
$5,033,624 |
| 14 |
$9,167,386 |
$3,352,263
$531,708 |
$5,283,415 |
| 15 |
$9,625,723 |
$3,521,848
$558,292 |
$5,545,583 |
| 16 |
$10,106,993 |
$3,699,918
$586,206 |
$5,820,869 |
| 17 |
$10,612,165 |
$3,886,831
$615,506 |
$6,109,828 |
| 18 |
$11,142,854 |
$4,083,186
$646,286 |
$6,413,382 |
| 19 |
$11,700,029 |
$4,289,341
$678,602 |
$6,732,086 |
| 20 |
$12,284,982 |
$4,505,774
$712,529 |
$7,066,679 |
| 21 |
$12,899,328 |
$4,733,082
$748,161 |
$7,418,085 |
| 22 |
$13,544,359 |
$4,971,743
$785,573 |
$7,787,043 |
| 23 |
$14,221,367 |
$5,222,236
$824,839 |
$8,174,292 |
| 24 |
$14,932,613 |
$5,485,397
$866,092 |
$8,581,124 |
| 25 |
$15,679,066 |
$5,761,585
$909,386 |
$9,008,095 |
| 26 |
$16,463,310 |
$6,051,755
$954,872 |
$9,456,683 |
| 27 |
$17,286,314 |
$6,356,267
$1,002,606 |
$9,927,441 |
| 28 |
$18,150,662 |
$6,676,075
$1,052,738 |
$10,421,849 |
| 29 |
$19,058,292 |
$7,011,898
$1,105,381 |
$10,941,013 |
| 30 |
$20,011,142 |
$7,364,453
$1,160,646 |
$11,486,043 |
|
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