The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 Apr 1, 2025 |
|---|
| Draw Date | Tue Apr 1, 2025 | | Projected Jackpot | $29,000,000 | | Cash Value | $13,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,300,000 | | Federal Tax(24%) | $3,192,000 | | Additional Federal Tax | $1,689,330 | | State Tax(5.8%) | $771,400 | | Net Lumpsum Payment | $7,647,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$436,479 |
$121,828
$25,316 |
$289,335 |
| 2 |
$458,316 |
$129,907
$26,582 |
$301,827 |
| 3 |
$481,226 |
$138,384
$27,911 |
$314,931 |
| 4 |
$505,296 |
$147,290
$29,307 |
$328,699 |
| 5 |
$530,555 |
$156,636
$30,772 |
$343,147 |
| 6 |
$557,090 |
$166,454
$32,311 |
$358,325 |
| 7 |
$584,930 |
$176,754
$33,926 |
$374,250 |
| 8 |
$614,191 |
$187,581
$35,623 |
$390,987 |
| 9 |
$644,902 |
$198,944
$37,404 |
$408,554 |
| 10 |
$677,150 |
$210,876
$39,275 |
$426,999 |
| 11 |
$710,993 |
$223,398
$41,238 |
$446,357 |
| 12 |
$746,547 |
$236,553
$43,300 |
$466,694 |
| 13 |
$783,870 |
$250,362
$45,464 |
$488,044 |
| 14 |
$823,078 |
$264,869
$47,739 |
$510,470 |
| 15 |
$864,229 |
$280,095
$50,125 |
$534,009 |
| 16 |
$907,439 |
$296,083
$52,631 |
$558,725 |
| 17 |
$952,795 |
$312,865
$55,262 |
$584,668 |
| 18 |
$1,000,442 |
$330,494
$58,026 |
$611,922 |
| 19 |
$1,050,467 |
$349,003
$60,927 |
$640,537 |
| 20 |
$1,102,986 |
$368,435
$63,973 |
$670,578 |
| 21 |
$1,158,144 |
$388,844
$67,172 |
$702,128 |
| 22 |
$1,216,057 |
$410,271
$70,531 |
$735,255 |
| 23 |
$1,276,841 |
$432,762
$74,057 |
$770,022 |
| 24 |
$1,340,699 |
$456,389
$77,761 |
$806,549 |
| 25 |
$1,407,718 |
$481,186
$81,648 |
$844,884 |
| 26 |
$1,478,130 |
$507,238
$85,732 |
$885,160 |
| 27 |
$1,552,022 |
$534,579
$90,017 |
$927,426 |
| 28 |
$1,629,626 |
$563,292
$94,518 |
$971,816 |
| 29 |
$1,711,116 |
$593,443
$99,245 |
$1,018,428 |
| 30 |
$1,796,666 |
$625,097
$104,207 |
$1,067,362 |
|
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