The jackpot for the MEGA Millions draw on Tue Jul 21, 2026, is projected to be $707 Million, with an option for a cash payout of $307.7 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 Jul 21, 2026 |
|---|
| Draw Date | Tue Jul 21, 2026 | | Projected Jackpot | $707,000,000 | | Cash Value | $307,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $307,700,000 | | Federal Tax(24%) | $73,848,000 | | Additional Federal Tax | $39,961,330 | | State Tax(5.8%) | $17,846,600 | | Net Lumpsum Payment | $176,044,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,641,057 |
$3,897,521
$617,181 |
$6,126,355 |
| 2 |
$11,173,428 |
$4,094,499
$648,059 |
$6,430,870 |
| 3 |
$11,731,958 |
$4,301,155
$680,454 |
$6,750,349 |
| 4 |
$12,318,768 |
$4,518,275
$714,489 |
$7,086,004 |
| 5 |
$12,934,565 |
$4,746,119
$750,205 |
$7,438,241 |
| 6 |
$13,581,470 |
$4,985,474
$787,725 |
$7,808,271 |
| 7 |
$14,260,190 |
$5,236,601
$827,091 |
$8,196,498 |
| 8 |
$14,973,553 |
$5,500,545
$868,466 |
$8,604,542 |
| 9 |
$15,722,266 |
$5,777,569
$911,891 |
$9,032,806 |
| 10 |
$16,508,450 |
$6,068,457
$957,490 |
$9,482,503 |
| 11 |
$17,333,519 |
$6,373,732
$1,005,344 |
$9,954,443 |
| 12 |
$18,200,301 |
$6,694,442
$1,055,617 |
$10,450,242 |
| 13 |
$19,110,210 |
$7,031,108
$1,108,392 |
$10,970,710 |
| 14 |
$20,066,074 |
$7,384,778
$1,163,832 |
$11,517,464 |
| 15 |
$21,069,307 |
$7,755,974
$1,222,020 |
$12,091,313 |
| 16 |
$22,122,737 |
$8,145,743
$1,283,119 |
$12,693,875 |
| 17 |
$23,228,485 |
$8,554,870
$1,347,252 |
$13,326,363 |
| 18 |
$24,390,086 |
$8,984,662
$1,414,625 |
$13,990,799 |
| 19 |
$25,609,661 |
$9,435,905
$1,485,360 |
$14,688,396 |
| 20 |
$26,890,038 |
$9,909,644
$1,559,622 |
$15,420,772 |
| 21 |
$28,234,752 |
$10,407,189
$1,637,616 |
$16,189,947 |
| 22 |
$29,646,631 |
$10,929,584
$1,719,505 |
$16,997,542 |
| 23 |
$31,128,503 |
$11,477,876
$1,805,453 |
$17,845,174 |
| 24 |
$32,685,317 |
$12,053,898
$1,895,748 |
$18,735,671 |
| 25 |
$34,319,194 |
$12,658,432
$1,990,513 |
$19,670,249 |
| 26 |
$36,035,790 |
$13,293,573
$2,090,076 |
$20,652,141 |
| 27 |
$37,837,226 |
$13,960,104
$2,194,559 |
$21,682,563 |
| 28 |
$39,729,158 |
$14,660,119
$2,304,291 |
$22,764,748 |
| 29 |
$41,715,828 |
$15,395,187
$2,419,518 |
$23,901,123 |
| 30 |
$43,801,478 |
$16,166,877
$2,540,486 |
$25,094,115 |
|
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