The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(5.8%) | $4,176,000 | | Net Lumpsum Payment | $41,223,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$137,054 |
$1,391,310 |
| 2 |
$2,481,228 |
$878,385
$143,911 |
$1,458,932 |
| 3 |
$2,605,258 |
$924,276
$151,105 |
$1,529,877 |
| 4 |
$2,735,568 |
$972,491
$158,663 |
$1,604,414 |
| 5 |
$2,872,315 |
$1,023,087
$166,594 |
$1,682,634 |
| 6 |
$3,015,970 |
$1,076,239
$174,926 |
$1,764,805 |
| 7 |
$3,166,690 |
$1,132,006
$183,668 |
$1,851,016 |
| 8 |
$3,325,103 |
$1,190,618
$192,856 |
$1,941,629 |
| 9 |
$3,491,366 |
$1,252,136
$202,499 |
$2,036,731 |
| 10 |
$3,665,950 |
$1,316,732
$212,625 |
$2,136,593 |
| 11 |
$3,849,169 |
$1,384,523
$223,252 |
$2,241,394 |
| 12 |
$4,041,651 |
$1,455,741
$234,416 |
$2,351,494 |
| 13 |
$4,243,710 |
$1,530,503
$246,135 |
$2,467,072 |
| 14 |
$4,455,974 |
$1,609,041
$258,446 |
$2,588,487 |
| 15 |
$4,678,757 |
$1,691,470
$271,368 |
$2,715,919 |
| 16 |
$4,912,687 |
$1,778,025
$284,936 |
$2,849,726 |
| 17 |
$5,158,235 |
$1,868,877
$299,178 |
$2,990,180 |
| 18 |
$5,416,186 |
$1,964,319
$314,139 |
$3,137,728 |
| 19 |
$5,687,011 |
$2,064,524
$329,847 |
$3,292,640 |
| 20 |
$5,971,338 |
$2,169,725
$346,338 |
$3,455,275 |
| 21 |
$6,269,952 |
$2,280,213
$363,657 |
$3,626,082 |
| 22 |
$6,583,481 |
$2,396,218
$381,842 |
$3,805,421 |
| 23 |
$6,912,553 |
$2,517,975
$400,928 |
$3,993,650 |
| 24 |
$7,258,267 |
$2,645,889
$420,979 |
$4,191,399 |
| 25 |
$7,621,094 |
$2,780,135
$442,023 |
$4,398,936 |
| 26 |
$8,002,290 |
$2,921,178
$464,133 |
$4,616,979 |
| 27 |
$8,402,326 |
$3,069,191
$487,335 |
$4,845,800 |
| 28 |
$8,822,458 |
$3,224,640
$511,703 |
$5,086,115 |
| 29 |
$9,263,628 |
$3,387,873
$537,290 |
$5,338,465 |
| 30 |
$9,726,778 |
$3,559,238
$564,153 |
$5,603,387 |
|
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