Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(5.8%)	$2,018,400
Net Lumpsum Payment	$19,945,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$70,710	$737,012
2	$1,280,124	-$433,976 -$74,247	$771,901
3	$1,344,114	-$457,653 -$77,959	$808,502
4	$1,411,344	-$482,528 -$81,858	$846,958
5	$1,481,895	-$508,632 -$85,950	$887,313
6	$1,556,010	-$536,054 -$90,249	$929,707
7	$1,633,770	-$564,825 -$94,759	$974,186
8	$1,715,499	-$595,065 -$99,499	$1,020,935
9	$1,801,278	-$626,803 -$104,474	$1,070,001
10	$1,891,350	-$660,130 -$109,698	$1,121,522
11	$1,985,877	-$695,105 -$115,181	$1,175,591
12	$2,085,183	-$731,848 -$120,941	$1,232,394
13	$2,189,430	-$770,419 -$126,987	$1,292,024
14	$2,298,942	-$810,939 -$133,339	$1,354,664
15	$2,413,881	-$853,466 -$140,005	$1,420,410
16	$2,534,571	-$898,122 -$147,005	$1,489,444
17	$2,661,255	-$944,995 -$154,353	$1,561,907
18	$2,794,338	-$994,235 -$162,072	$1,638,031
19	$2,934,063	-$1,045,934 -$170,176	$1,717,953
20	$3,080,754	-$1,100,209 -$178,684	$1,801,861
21	$3,234,816	-$1,157,212 -$187,619	$1,889,985
22	$3,396,573	-$1,217,062 -$197,001	$1,982,510
23	$3,566,349	-$1,279,880 -$206,848	$2,079,621
24	$3,744,711	-$1,345,873 -$217,193	$2,181,645
25	$3,931,902	-$1,415,134 -$228,050	$2,288,718
26	$4,128,570	-$1,487,901 -$239,457	$2,401,212
27	$4,334,958	-$1,564,265 -$251,428	$2,519,265
28	$4,551,714	-$1,644,465 -$263,999	$2,643,250
29	$4,779,324	-$1,728,680 -$277,201	$2,773,443
30	$5,018,274	-$1,817,092 -$291,060	$2,910,122