The jackpot for the MEGA Millions draw on Fri Oct 16, 2026, is projected to be $403 Million, with an option for a cash payout of $162.1 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 Oct 16, 2026 |
|---|
| Draw Date | Fri Oct 16, 2026 | | Projected Jackpot | $403,000,000 | | Cash Value | $162,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $162,100,000 | | Federal Tax(24%) | $38,904,000 | | Additional Federal Tax | $21,033,330 | | State Tax(5.8%) | $9,401,800 | | Net Lumpsum Payment | $92,760,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,065,553 |
$2,204,585
$351,802 |
$3,509,166 |
| 2 |
$6,369,012 |
$2,316,865
$369,403 |
$3,682,744 |
| 3 |
$6,687,382 |
$2,434,662
$387,868 |
$3,864,852 |
| 4 |
$7,021,872 |
$2,558,423
$407,269 |
$4,056,180 |
| 5 |
$7,372,885 |
$2,688,298
$427,627 |
$4,256,960 |
| 6 |
$7,741,630 |
$2,824,733
$449,015 |
$4,467,882 |
| 7 |
$8,128,510 |
$2,967,879
$471,454 |
$4,689,177 |
| 8 |
$8,535,137 |
$3,118,331
$495,038 |
$4,921,768 |
| 9 |
$8,961,914 |
$3,276,239
$519,791 |
$5,165,884 |
| 10 |
$9,410,050 |
$3,442,049
$545,783 |
$5,422,218 |
| 11 |
$9,880,351 |
$3,616,060
$573,060 |
$5,691,231 |
| 12 |
$10,374,429 |
$3,798,869
$601,717 |
$5,973,843 |
| 13 |
$10,893,090 |
$3,990,774
$631,799 |
$6,270,517 |
| 14 |
$11,437,946 |
$4,192,370
$663,401 |
$6,582,175 |
| 15 |
$12,009,803 |
$4,403,957
$696,569 |
$6,909,277 |
| 16 |
$12,610,273 |
$4,626,131
$731,396 |
$7,252,746 |
| 17 |
$13,240,565 |
$4,859,339
$767,953 |
$7,613,273 |
| 18 |
$13,902,694 |
$5,104,327
$806,356 |
$7,992,011 |
| 19 |
$14,597,869 |
$5,361,542
$846,676 |
$8,389,651 |
| 20 |
$15,327,702 |
$5,631,580
$889,007 |
$8,807,115 |
| 21 |
$16,094,208 |
$5,915,187
$933,464 |
$9,245,557 |
| 22 |
$16,898,999 |
$6,212,960
$980,142 |
$9,705,897 |
| 23 |
$17,743,687 |
$6,525,495
$1,029,134 |
$10,189,058 |
| 24 |
$18,631,093 |
$6,853,835
$1,080,603 |
$10,696,655 |
| 25 |
$19,562,426 |
$7,198,428
$1,134,621 |
$11,229,377 |
| 26 |
$20,540,910 |
$7,560,467
$1,191,373 |
$11,789,070 |
| 27 |
$21,567,754 |
$7,940,399
$1,250,930 |
$12,376,425 |
| 28 |
$22,646,182 |
$8,339,418
$1,313,479 |
$12,993,285 |
| 29 |
$23,778,612 |
$8,758,417
$1,379,159 |
$13,641,036 |
| 30 |
$24,967,462 |
$9,198,291
$1,448,113 |
$14,321,058 |
|
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