The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 29, 2025 |
|---|
| Draw Date | Tue Apr 29, 2025 | | Projected Jackpot | $70,000,000 | | Cash Value | $31,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,800,000 | | Federal Tax(24%) | $7,632,000 | | Additional Federal Tax | $4,094,330 | | State Tax(5.8%) | $1,844,400 | | Net Lumpsum Payment | $18,229,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,053,570 |
$350,151
$61,107 |
$642,312 |
| 2 |
$1,106,280 |
$369,654
$64,164 |
$672,462 |
| 3 |
$1,161,580 |
$390,115
$67,372 |
$704,093 |
| 4 |
$1,219,680 |
$411,612
$70,741 |
$737,327 |
| 5 |
$1,280,650 |
$434,171
$74,278 |
$772,201 |
| 6 |
$1,344,700 |
$457,869
$77,993 |
$808,838 |
| 7 |
$1,411,900 |
$482,733
$81,890 |
$847,277 |
| 8 |
$1,482,530 |
$508,866
$85,987 |
$887,677 |
| 9 |
$1,556,660 |
$536,295
$90,286 |
$930,079 |
| 10 |
$1,634,500 |
$565,095
$94,801 |
$974,604 |
| 11 |
$1,716,190 |
$595,321
$99,539 |
$1,021,330 |
| 12 |
$1,802,010 |
$627,074
$104,517 |
$1,070,419 |
| 13 |
$1,892,100 |
$660,407
$109,742 |
$1,121,951 |
| 14 |
$1,986,740 |
$695,424
$115,231 |
$1,176,085 |
| 15 |
$2,086,070 |
$732,176
$120,992 |
$1,232,902 |
| 16 |
$2,190,370 |
$770,767
$127,041 |
$1,292,562 |
| 17 |
$2,299,850 |
$811,275
$133,391 |
$1,355,184 |
| 18 |
$2,414,860 |
$853,829
$140,062 |
$1,420,969 |
| 19 |
$2,535,610 |
$898,506
$147,065 |
$1,490,039 |
| 20 |
$2,662,380 |
$945,411
$154,418 |
$1,562,551 |
| 21 |
$2,795,520 |
$994,673
$162,140 |
$1,638,707 |
| 22 |
$2,935,310 |
$1,046,395
$170,248 |
$1,718,667 |
| 23 |
$3,082,030 |
$1,100,681
$178,758 |
$1,802,591 |
| 24 |
$3,236,170 |
$1,157,713
$187,698 |
$1,890,759 |
| 25 |
$3,397,940 |
$1,217,568
$197,081 |
$1,983,291 |
| 26 |
$3,567,900 |
$1,280,453
$206,938 |
$2,080,509 |
| 27 |
$3,746,260 |
$1,346,447
$217,283 |
$2,182,530 |
| 28 |
$3,933,580 |
$1,415,755
$228,148 |
$2,289,677 |
| 29 |
$4,130,280 |
$1,488,534
$239,556 |
$2,402,190 |
| 30 |
$4,336,780 |
$1,564,939
$251,533 |
$2,520,308 |
|
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