Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Idaho, your state will take 5.8% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Idaho Powerball Jackpot/Cash Option for Mon Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(5.8%)	$12,307,600
Net Lumpsum Payment	$121,418,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$417,274	$4,154,854
2	$7,554,312	-$2,755,426 -$438,150	$4,360,736
3	$7,931,932	-$2,895,145 -$460,052	$4,576,735
4	$8,328,672	-$3,041,939 -$483,063	$4,803,670
5	$8,745,010	-$3,195,984 -$507,211	$5,041,815
6	$9,182,380	-$3,357,811 -$532,578	$5,291,991
7	$9,641,260	-$3,527,597 -$559,193	$5,554,470
8	$10,123,562	-$3,706,048 -$587,167	$5,830,347
9	$10,629,764	-$3,893,343 -$616,526	$6,119,895
10	$11,161,300	-$4,090,011 -$647,355	$6,423,934
11	$11,719,126	-$4,296,407 -$679,709	$6,743,010
12	$12,305,154	-$4,513,237 -$713,699	$7,078,218
13	$12,920,340	-$4,740,856 -$749,380	$7,430,104
14	$13,566,596	-$4,979,971 -$786,863	$7,799,762
15	$14,244,878	-$5,230,935 -$826,203	$8,187,740
16	$14,957,098	-$5,494,457 -$867,512	$8,595,129
17	$15,704,690	-$5,771,066 -$910,872	$9,022,752
18	$16,490,044	-$6,061,647 -$956,423	$9,471,974
19	$17,314,594	-$6,366,730 -$1,004,246	$9,943,618
20	$18,180,252	-$6,687,024 -$1,054,455	$10,438,773
21	$19,089,408	-$7,023,411 -$1,107,186	$10,958,811
22	$20,043,974	-$7,376,601 -$1,162,550	$11,504,823
23	$21,045,862	-$7,747,299 -$1,220,660	$12,077,903
24	$22,098,418	-$8,136,745 -$1,281,708	$12,679,965
25	$23,203,076	-$8,545,469 -$1,345,778	$13,311,829
26	$24,363,660	-$8,974,885 -$1,413,092	$13,975,683
27	$25,581,604	-$9,425,524 -$1,483,733	$14,672,347
28	$26,860,732	-$9,898,801 -$1,557,922	$15,404,009
29	$28,203,912	-$10,395,778 -$1,635,827	$16,172,307
30	$29,614,012	-$10,917,515 -$1,717,613	$16,978,884