The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(5.8%) | $14,598,600 | | Net Lumpsum Payment | $144,012,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$477,508 |
$4,748,887 |
| 2 |
$8,644,788 |
$3,158,902
$501,398 |
$4,984,488 |
| 3 |
$9,076,918 |
$3,318,790
$526,461 |
$5,231,667 |
| 4 |
$9,530,928 |
$3,486,774
$552,794 |
$5,491,360 |
| 5 |
$10,007,365 |
$3,663,055
$580,427 |
$5,763,883 |
| 6 |
$10,507,870 |
$3,848,242
$609,456 |
$6,050,172 |
| 7 |
$11,032,990 |
$4,042,537
$639,913 |
$6,350,540 |
| 8 |
$11,584,913 |
$4,246,748
$671,925 |
$6,666,240 |
| 9 |
$12,164,186 |
$4,461,079
$705,523 |
$6,997,584 |
| 10 |
$12,772,450 |
$4,686,137
$740,802 |
$7,345,511 |
| 11 |
$13,410,799 |
$4,922,326
$777,826 |
$7,710,647 |
| 12 |
$14,081,421 |
$5,170,456
$816,722 |
$8,094,243 |
| 13 |
$14,785,410 |
$5,430,932
$857,554 |
$8,496,924 |
| 14 |
$15,524,954 |
$5,704,563
$900,447 |
$8,919,944 |
| 15 |
$16,301,147 |
$5,991,755
$945,467 |
$9,363,925 |
| 16 |
$17,116,177 |
$6,293,316
$992,738 |
$9,830,123 |
| 17 |
$17,971,685 |
$6,609,854
$1,042,358 |
$10,319,473 |
| 18 |
$18,870,406 |
$6,942,381
$1,094,484 |
$10,833,541 |
| 19 |
$19,813,981 |
$7,291,503
$1,149,211 |
$11,373,267 |
| 20 |
$20,804,598 |
$7,658,032
$1,206,667 |
$11,939,899 |
| 21 |
$21,844,992 |
$8,042,977
$1,267,010 |
$12,535,005 |
| 22 |
$22,937,351 |
$8,447,150
$1,330,366 |
$13,159,835 |
| 23 |
$24,083,863 |
$8,871,360
$1,396,864 |
$13,815,639 |
| 24 |
$25,288,357 |
$9,317,022
$1,466,725 |
$14,504,610 |
| 25 |
$26,552,474 |
$9,784,746
$1,540,043 |
$15,227,685 |
| 26 |
$27,880,590 |
$10,276,149
$1,617,074 |
$15,987,367 |
| 27 |
$29,274,346 |
$10,791,838
$1,697,912 |
$16,784,596 |
| 28 |
$30,738,118 |
$11,333,434
$1,782,811 |
$17,621,873 |
| 29 |
$32,275,188 |
$11,902,150
$1,871,961 |
$18,501,077 |
| 30 |
$33,888,838 |
$12,499,200
$1,965,553 |
$19,424,085 |
|
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