The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Tue Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(5.8%) | $10,817,000 | | Net Lumpsum Payment | $106,717,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$386,720 |
$3,853,533 |
| 2 |
$7,001,172 |
$2,550,764
$406,068 |
$4,044,340 |
| 3 |
$7,351,142 |
$2,680,253
$426,366 |
$4,244,523 |
| 4 |
$7,718,832 |
$2,816,298
$447,692 |
$4,454,842 |
| 5 |
$8,104,685 |
$2,959,064
$470,072 |
$4,675,549 |
| 6 |
$8,510,030 |
$3,109,041
$493,582 |
$4,907,407 |
| 7 |
$8,935,310 |
$3,266,395
$518,248 |
$5,150,667 |
| 8 |
$9,382,297 |
$3,431,780
$544,173 |
$5,406,344 |
| 9 |
$9,851,434 |
$3,605,361
$571,383 |
$5,674,690 |
| 10 |
$10,344,050 |
$3,787,629
$599,955 |
$5,956,466 |
| 11 |
$10,861,031 |
$3,978,912
$629,940 |
$6,252,179 |
| 12 |
$11,404,149 |
$4,179,866
$661,441 |
$6,562,842 |
| 13 |
$11,974,290 |
$4,390,818
$694,509 |
$6,888,963 |
| 14 |
$12,573,226 |
$4,612,424
$729,247 |
$7,231,555 |
| 15 |
$13,201,843 |
$4,845,012
$765,707 |
$7,591,124 |
| 16 |
$13,861,913 |
$5,089,238
$803,991 |
$7,968,684 |
| 17 |
$14,554,765 |
$5,345,593
$844,176 |
$8,364,996 |
| 18 |
$15,282,614 |
$5,614,898
$886,392 |
$8,781,324 |
| 19 |
$16,046,789 |
$5,897,642
$930,714 |
$9,218,433 |
| 20 |
$16,849,062 |
$6,194,483
$977,246 |
$9,677,333 |
| 21 |
$17,691,648 |
$6,506,240
$1,026,116 |
$10,159,292 |
| 22 |
$18,576,319 |
$6,833,568
$1,077,427 |
$10,665,324 |
| 23 |
$19,504,847 |
$7,177,124
$1,131,281 |
$11,196,442 |
| 24 |
$20,480,333 |
$7,538,054
$1,187,859 |
$11,754,420 |
| 25 |
$21,504,106 |
$7,916,850
$1,247,238 |
$12,340,018 |
| 26 |
$22,579,710 |
$8,314,823
$1,309,623 |
$12,955,264 |
| 27 |
$23,708,474 |
$8,732,466
$1,375,091 |
$13,600,917 |
| 28 |
$24,893,942 |
$9,171,089
$1,443,849 |
$14,279,004 |
| 29 |
$26,138,772 |
$9,631,676
$1,516,049 |
$14,991,047 |
| 30 |
$27,445,622 |
$10,115,211
$1,591,846 |
$15,738,565 |
|
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