The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(5.8%) | $18,455,600 | | Net Lumpsum Payment | $182,050,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$593,611 |
$5,893,907 |
| 2 |
$10,746,720 |
$3,936,617
$623,310 |
$6,186,793 |
| 3 |
$11,283,920 |
$4,135,381
$654,467 |
$6,494,072 |
| 4 |
$11,848,320 |
$4,344,209
$687,203 |
$6,816,908 |
| 5 |
$12,440,600 |
$4,563,352
$721,555 |
$7,155,693 |
| 6 |
$13,062,800 |
$4,793,566
$757,642 |
$7,511,592 |
| 7 |
$13,715,600 |
$5,035,102
$795,505 |
$7,884,993 |
| 8 |
$14,401,720 |
$5,288,967
$835,300 |
$8,277,453 |
| 9 |
$15,121,840 |
$5,555,411
$877,067 |
$8,689,362 |
| 10 |
$15,878,000 |
$5,835,190
$920,924 |
$9,121,886 |
| 11 |
$16,671,560 |
$6,128,808
$966,950 |
$9,575,802 |
| 12 |
$17,505,240 |
$6,437,269
$1,015,304 |
$10,052,667 |
| 13 |
$18,380,400 |
$6,761,078
$1,066,063 |
$10,553,259 |
| 14 |
$19,299,760 |
$7,101,242
$1,119,386 |
$11,079,132 |
| 15 |
$20,264,680 |
$7,458,262
$1,175,351 |
$11,631,067 |
| 16 |
$21,277,880 |
$7,833,146
$1,234,117 |
$12,210,617 |
| 17 |
$22,341,400 |
$8,226,648
$1,295,801 |
$12,818,951 |
| 18 |
$23,458,640 |
$8,640,027
$1,360,601 |
$13,458,012 |
| 19 |
$24,631,640 |
$9,074,037
$1,428,635 |
$14,128,968 |
| 20 |
$25,863,120 |
$9,529,685
$1,500,061 |
$14,833,374 |
| 21 |
$27,156,480 |
$10,008,228
$1,575,076 |
$15,573,176 |
| 22 |
$28,514,440 |
$10,510,673
$1,653,838 |
$16,349,929 |
| 23 |
$29,939,720 |
$11,038,027
$1,736,504 |
$17,165,189 |
| 24 |
$31,437,080 |
$11,592,050
$1,823,351 |
$18,021,679 |
| 25 |
$33,008,560 |
$12,173,498
$1,914,496 |
$18,920,566 |
| 26 |
$34,659,600 |
$12,784,382
$2,010,257 |
$19,864,961 |
| 27 |
$36,392,240 |
$13,425,459
$2,110,750 |
$20,856,031 |
| 28 |
$38,211,920 |
$14,098,741
$2,216,291 |
$21,896,888 |
| 29 |
$40,122,720 |
$14,805,737
$2,327,118 |
$22,989,865 |
| 30 |
$42,128,720 |
$15,547,957
$2,443,466 |
$24,137,297 |
|
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