The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(5.8%) | $6,513,400 | | Net Lumpsum Payment | $64,275,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$219,112 |
$2,200,572 |
| 2 |
$3,966,804 |
$1,428,048
$230,075 |
$2,308,681 |
| 3 |
$4,165,094 |
$1,501,415
$241,575 |
$2,422,104 |
| 4 |
$4,373,424 |
$1,578,497
$253,659 |
$2,541,268 |
| 5 |
$4,592,045 |
$1,659,387
$266,339 |
$2,666,319 |
| 6 |
$4,821,710 |
$1,744,363
$279,659 |
$2,797,688 |
| 7 |
$5,062,670 |
$1,833,518
$293,635 |
$2,935,517 |
| 8 |
$5,315,929 |
$1,927,224
$308,324 |
$3,080,381 |
| 9 |
$5,581,738 |
$2,025,573
$323,741 |
$3,232,424 |
| 10 |
$5,860,850 |
$2,128,845
$339,929 |
$3,392,076 |
| 11 |
$6,153,767 |
$2,237,224
$356,918 |
$3,559,625 |
| 12 |
$6,461,493 |
$2,351,083
$374,767 |
$3,735,643 |
| 13 |
$6,784,530 |
$2,470,606
$393,503 |
$3,920,421 |
| 14 |
$7,123,882 |
$2,596,167
$413,185 |
$4,114,530 |
| 15 |
$7,480,051 |
$2,727,949
$433,843 |
$4,318,259 |
| 16 |
$7,854,041 |
$2,866,326
$455,534 |
$4,532,181 |
| 17 |
$8,246,605 |
$3,011,574
$478,303 |
$4,756,728 |
| 18 |
$8,658,998 |
$3,164,160
$502,222 |
$4,992,616 |
| 19 |
$9,091,973 |
$3,324,360
$527,334 |
$5,240,279 |
| 20 |
$9,546,534 |
$3,492,548
$553,699 |
$5,500,287 |
| 21 |
$10,023,936 |
$3,669,187
$581,388 |
$5,773,361 |
| 22 |
$10,525,183 |
$3,854,648
$610,461 |
$6,060,074 |
| 23 |
$11,051,279 |
$4,049,304
$640,974 |
$6,361,001 |
| 24 |
$11,603,981 |
$4,253,803
$673,031 |
$6,677,147 |
| 25 |
$12,184,042 |
$4,468,426
$706,674 |
$7,008,942 |
| 26 |
$12,793,470 |
$4,693,914
$742,021 |
$7,357,535 |
| 27 |
$13,433,018 |
$4,930,547
$779,115 |
$7,723,356 |
| 28 |
$14,104,694 |
$5,179,067
$818,072 |
$8,107,555 |
| 29 |
$14,810,004 |
$5,440,032
$858,980 |
$8,510,992 |
| 30 |
$15,550,454 |
$5,713,998
$901,926 |
$8,934,530 |
|
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