The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(5.8%) | $1,160,000 | | Net Lumpsum Payment | $11,479,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$37,537 |
$409,864 |
| 2 |
$679,572 |
$211,772
$39,415 |
$428,385 |
| 3 |
$713,542 |
$224,341
$41,385 |
$447,816 |
| 4 |
$749,232 |
$237,546
$43,455 |
$468,231 |
| 5 |
$786,685 |
$251,404
$45,628 |
$489,653 |
| 6 |
$826,030 |
$265,961
$47,910 |
$512,159 |
| 7 |
$867,310 |
$281,235
$50,304 |
$535,771 |
| 8 |
$910,697 |
$297,288
$52,820 |
$560,589 |
| 9 |
$956,234 |
$314,137
$55,462 |
$586,635 |
| 10 |
$1,004,050 |
$331,829
$58,235 |
$613,986 |
| 11 |
$1,054,231 |
$350,396
$61,145 |
$642,690 |
| 12 |
$1,106,949 |
$369,902
$64,203 |
$672,844 |
| 13 |
$1,162,290 |
$390,378
$67,413 |
$704,499 |
| 14 |
$1,220,426 |
$411,888
$70,785 |
$737,753 |
| 15 |
$1,281,443 |
$434,464
$74,324 |
$772,655 |
| 16 |
$1,345,513 |
$458,170
$78,040 |
$809,303 |
| 17 |
$1,412,765 |
$483,053
$81,940 |
$847,772 |
| 18 |
$1,483,414 |
$509,194
$86,038 |
$888,182 |
| 19 |
$1,557,589 |
$536,638
$90,340 |
$930,611 |
| 20 |
$1,635,462 |
$565,451
$94,857 |
$975,154 |
| 21 |
$1,717,248 |
$595,712
$99,600 |
$1,021,936 |
| 22 |
$1,803,119 |
$627,484
$104,581 |
$1,071,054 |
| 23 |
$1,893,247 |
$660,832
$109,808 |
$1,122,607 |
| 24 |
$1,987,933 |
$695,866
$115,300 |
$1,176,767 |
| 25 |
$2,087,306 |
$732,634
$121,064 |
$1,233,608 |
| 26 |
$2,191,710 |
$771,263
$127,119 |
$1,293,328 |
| 27 |
$2,301,274 |
$811,802
$133,474 |
$1,355,998 |
| 28 |
$2,416,342 |
$854,377
$140,148 |
$1,421,817 |
| 29 |
$2,537,172 |
$899,084
$147,156 |
$1,490,932 |
| 30 |
$2,664,022 |
$946,019
$154,513 |
$1,563,490 |
|
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