The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(5.8%) | $7,313,800 | | Net Lumpsum Payment | $72,168,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$244,428 |
$2,450,238 |
| 2 |
$4,425,120 |
$1,597,625
$256,657 |
$2,570,838 |
| 3 |
$4,646,320 |
$1,679,469
$269,487 |
$2,697,364 |
| 4 |
$4,878,720 |
$1,765,457
$282,966 |
$2,830,297 |
| 5 |
$5,122,600 |
$1,855,692
$297,111 |
$2,969,797 |
| 6 |
$5,378,800 |
$1,950,486
$311,970 |
$3,116,344 |
| 7 |
$5,647,600 |
$2,049,942
$327,561 |
$3,270,097 |
| 8 |
$5,930,120 |
$2,154,475
$343,947 |
$3,431,698 |
| 9 |
$6,226,640 |
$2,264,187
$361,145 |
$3,601,308 |
| 10 |
$6,538,000 |
$2,379,390
$379,204 |
$3,779,406 |
| 11 |
$6,864,760 |
$2,500,292
$398,156 |
$3,966,312 |
| 12 |
$7,208,040 |
$2,627,305
$418,066 |
$4,162,669 |
| 13 |
$7,568,400 |
$2,760,638
$438,967 |
$4,368,795 |
| 14 |
$7,946,960 |
$2,900,706
$460,924 |
$4,585,330 |
| 15 |
$8,344,280 |
$3,047,714
$483,968 |
$4,812,598 |
| 16 |
$8,761,480 |
$3,202,078
$508,166 |
$5,051,236 |
| 17 |
$9,199,400 |
$3,364,108
$533,565 |
$5,301,727 |
| 18 |
$9,659,440 |
$3,534,323
$560,248 |
$5,564,869 |
| 19 |
$10,142,440 |
$3,713,033
$588,262 |
$5,841,145 |
| 20 |
$10,649,520 |
$3,900,653
$617,672 |
$6,131,195 |
| 21 |
$11,182,080 |
$4,097,700
$648,561 |
$6,435,819 |
| 22 |
$11,741,240 |
$4,304,589
$680,992 |
$6,755,659 |
| 23 |
$12,328,120 |
$4,521,735
$715,031 |
$7,091,354 |
| 24 |
$12,944,680 |
$4,749,862
$750,791 |
$7,444,027 |
| 25 |
$13,591,760 |
$4,989,282
$788,322 |
$7,814,156 |
| 26 |
$14,271,600 |
$5,240,822
$827,753 |
$8,203,025 |
| 27 |
$14,985,040 |
$5,504,795
$869,132 |
$8,611,113 |
| 28 |
$15,734,320 |
$5,782,029
$912,591 |
$9,039,700 |
| 29 |
$16,521,120 |
$6,073,145
$958,225 |
$9,489,750 |
| 30 |
$17,347,120 |
$6,378,765
$1,006,133 |
$9,962,222 |
|
|
