The jackpot for the MEGA Millions draw on Fri May 23, 2025, is projected to be $154 Million, with an option for a cash payout of $69 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 23, 2025 |
| Draw Date |
Fri May 23, 2025 |
| Projected Jackpot |
$154,000,000 |
| Cash Value |
$69,000,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$69,000,000 |
| Federal Tax(24%) |
$16,560,000 |
| Additional Federal Tax |
$8,930,330 |
| State Tax(5.8%) |
$4,002,000 |
| Net Lumpsum Payment |
$39,507,670 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$134,436 |
$1,365,482 |
| 2 |
$2,433,816 |
$860,842
$141,161 |
$1,431,813 |
| 3 |
$2,555,476 |
$905,857
$148,218 |
$1,501,401 |
| 4 |
$2,683,296 |
$953,150
$155,631 |
$1,574,515 |
| 5 |
$2,817,430 |
$1,002,779
$163,411 |
$1,651,240 |
| 6 |
$2,958,340 |
$1,054,916
$171,584 |
$1,731,840 |
| 7 |
$3,106,180 |
$1,109,617
$180,158 |
$1,816,405 |
| 8 |
$3,261,566 |
$1,167,110
$189,171 |
$1,905,285 |
| 9 |
$3,424,652 |
$1,227,452
$198,630 |
$1,998,570 |
| 10 |
$3,595,900 |
$1,290,813
$208,562 |
$2,096,525 |
| 11 |
$3,775,618 |
$1,357,309
$218,986 |
$2,199,323 |
| 12 |
$3,964,422 |
$1,427,167
$229,936 |
$2,307,319 |
| 13 |
$4,162,620 |
$1,500,500
$241,432 |
$2,420,688 |
| 14 |
$4,370,828 |
$1,577,537
$253,508 |
$2,539,783 |
| 15 |
$4,589,354 |
$1,658,391
$266,183 |
$2,664,780 |
| 16 |
$4,818,814 |
$1,743,292
$279,491 |
$2,796,031 |
| 17 |
$5,059,670 |
$1,832,408
$293,461 |
$2,933,801 |
| 18 |
$5,312,692 |
$1,926,026
$308,136 |
$3,078,530 |
| 19 |
$5,578,342 |
$2,024,317
$323,544 |
$3,230,481 |
| 20 |
$5,857,236 |
$2,127,508
$339,720 |
$3,390,008 |
| 21 |
$6,150,144 |
$2,235,884
$356,708 |
$3,557,552 |
| 22 |
$6,457,682 |
$2,349,673
$374,546 |
$3,733,463 |
| 23 |
$6,780,466 |
$2,469,103
$393,267 |
$3,918,096 |
| 24 |
$7,119,574 |
$2,594,573
$412,935 |
$4,112,066 |
| 25 |
$7,475,468 |
$2,726,254
$433,577 |
$4,315,637 |
| 26 |
$7,849,380 |
$2,864,601
$455,264 |
$4,529,515 |
| 27 |
$8,241,772 |
$3,009,786
$478,023 |
$4,753,963 |
| 28 |
$8,653,876 |
$3,162,265
$501,925 |
$4,989,686 |
| 29 |
$9,086,616 |
$3,322,378
$527,024 |
$5,237,214 |
| 30 |
$9,540,916 |
$3,490,469
$553,373 |
$5,497,074 |
|
|
