The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(5.8%) | $9,019,000 | | Net Lumpsum Payment | $88,985,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$303,789 |
$3,035,662 |
| 2 |
$5,499,792 |
$1,995,253
$318,988 |
$3,185,551 |
| 3 |
$5,774,712 |
$2,096,974
$334,933 |
$3,342,805 |
| 4 |
$6,063,552 |
$2,203,845
$351,686 |
$3,508,021 |
| 5 |
$6,366,660 |
$2,315,995
$369,266 |
$3,681,399 |
| 6 |
$6,685,080 |
$2,433,810
$387,735 |
$3,863,535 |
| 7 |
$7,019,160 |
$2,557,420
$407,111 |
$4,054,629 |
| 8 |
$7,370,292 |
$2,687,338
$427,477 |
$4,255,477 |
| 9 |
$7,738,824 |
$2,823,695
$448,852 |
$4,466,277 |
| 10 |
$8,125,800 |
$2,966,876
$471,296 |
$4,687,628 |
| 11 |
$8,531,916 |
$3,117,139
$494,851 |
$4,919,926 |
| 12 |
$8,958,564 |
$3,274,999
$519,597 |
$5,163,968 |
| 13 |
$9,406,440 |
$3,440,713
$545,574 |
$5,420,153 |
| 14 |
$9,876,936 |
$3,614,797
$572,862 |
$5,689,277 |
| 15 |
$10,370,748 |
$3,797,507
$601,503 |
$5,971,738 |
| 16 |
$10,889,268 |
$3,989,360
$631,578 |
$6,268,330 |
| 17 |
$11,433,540 |
$4,190,740
$663,145 |
$6,579,655 |
| 18 |
$12,005,304 |
$4,402,293
$696,308 |
$6,906,703 |
| 19 |
$12,605,604 |
$4,624,404
$731,125 |
$7,250,075 |
| 20 |
$13,235,832 |
$4,857,588
$767,678 |
$7,610,566 |
| 21 |
$13,897,728 |
$5,102,490
$806,068 |
$7,989,170 |
| 22 |
$14,592,684 |
$5,359,623
$846,376 |
$8,386,685 |
| 23 |
$15,322,092 |
$5,629,504
$888,681 |
$8,803,907 |
| 24 |
$16,088,388 |
$5,913,034
$933,127 |
$9,242,227 |
| 25 |
$16,892,616 |
$6,210,598
$979,772 |
$9,702,246 |
| 26 |
$17,737,560 |
$6,523,228
$1,028,778 |
$10,185,554 |
| 27 |
$18,624,264 |
$6,851,308
$1,080,207 |
$10,692,749 |
| 28 |
$19,555,512 |
$7,195,870
$1,134,220 |
$11,225,422 |
| 29 |
$20,533,392 |
$7,557,685
$1,190,937 |
$11,784,770 |
| 30 |
$21,559,992 |
$7,937,527
$1,250,480 |
$12,371,985 |
|
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