The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(5.8%) | $4,361,600 | | Net Lumpsum Payment | $43,054,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$144,911 |
$1,468,792 |
| 2 |
$2,623,464 |
$931,012
$152,161 |
$1,540,291 |
| 3 |
$2,754,604 |
$979,534
$159,767 |
$1,615,303 |
| 4 |
$2,892,384 |
$1,030,512
$167,758 |
$1,694,114 |
| 5 |
$3,036,970 |
$1,084,009
$176,144 |
$1,776,817 |
| 6 |
$3,188,860 |
$1,140,209
$184,954 |
$1,863,697 |
| 7 |
$3,348,220 |
$1,199,172
$194,197 |
$1,954,851 |
| 8 |
$3,515,714 |
$1,261,145
$203,911 |
$2,050,658 |
| 9 |
$3,691,508 |
$1,326,188
$214,107 |
$2,151,213 |
| 10 |
$3,876,100 |
$1,394,487
$224,814 |
$2,256,799 |
| 11 |
$4,069,822 |
$1,466,165
$236,050 |
$2,367,607 |
| 12 |
$4,273,338 |
$1,541,465
$247,854 |
$2,484,019 |
| 13 |
$4,486,980 |
$1,620,513
$260,245 |
$2,606,222 |
| 14 |
$4,711,412 |
$1,703,553
$273,262 |
$2,734,597 |
| 15 |
$4,946,966 |
$1,790,708
$286,924 |
$2,869,334 |
| 16 |
$5,194,306 |
$1,882,224
$301,270 |
$3,010,812 |
| 17 |
$5,453,930 |
$1,978,284
$316,328 |
$3,159,318 |
| 18 |
$5,726,668 |
$2,079,198
$332,147 |
$3,315,323 |
| 19 |
$6,013,018 |
$2,185,147
$348,755 |
$3,479,116 |
| 20 |
$6,313,644 |
$2,296,379
$366,191 |
$3,651,074 |
| 21 |
$6,629,376 |
$2,413,200
$384,504 |
$3,831,672 |
| 22 |
$6,960,878 |
$2,535,855
$403,731 |
$4,021,292 |
| 23 |
$7,308,814 |
$2,664,592
$423,911 |
$4,220,311 |
| 24 |
$7,674,346 |
$2,799,838
$445,112 |
$4,429,396 |
| 25 |
$8,057,972 |
$2,941,780
$467,362 |
$4,648,830 |
| 26 |
$8,461,020 |
$3,090,908
$490,739 |
$4,879,373 |
| 27 |
$8,883,988 |
$3,247,406
$515,271 |
$5,121,311 |
| 28 |
$9,328,204 |
$3,411,766
$541,036 |
$5,375,402 |
| 29 |
$9,794,664 |
$3,584,356
$568,091 |
$5,642,217 |
| 30 |
$10,284,364 |
$3,765,545
$596,493 |
$5,922,326 |
|
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