Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 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 7, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 7, 2025	$203,000,000	$92,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$92,500,000
Federal Tax(24%)	$22,200,000
Additional Federal Tax	$11,985,330
State Tax(5.8%)	$5,365,000
Net Lumpsum Payment	$52,949,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,055,353	-$1,090,811 -$177,210	$1,787,332
2	$3,208,212	-$1,147,369 -$186,076	$1,874,767
3	$3,368,582	-$1,206,706 -$195,378	$1,966,498
4	$3,537,072	-$1,269,047 -$205,150	$2,062,875
5	$3,713,885	-$1,334,468 -$215,405	$2,164,012
6	$3,899,630	-$1,403,193 -$226,179	$2,270,258
7	$4,094,510	-$1,475,299 -$237,482	$2,381,729
8	$4,299,337	-$1,551,085 -$249,362	$2,498,890
9	$4,514,314	-$1,630,627 -$261,830	$2,621,857
10	$4,740,050	-$1,714,149 -$274,923	$2,750,978
11	$4,976,951	-$1,801,802 -$288,663	$2,886,486
12	$5,225,829	-$1,893,887 -$303,098	$3,028,844
13	$5,487,090	-$1,990,554 -$318,251	$3,178,285
14	$5,761,546	-$2,092,102 -$334,170	$3,335,274
15	$6,049,603	-$2,198,683 -$350,877	$3,500,043
16	$6,352,073	-$2,310,597 -$368,420	$3,673,056
17	$6,669,565	-$2,428,069 -$386,835	$3,854,661
18	$7,003,094	-$2,551,475 -$406,179	$4,045,440
19	$7,353,269	-$2,681,040 -$426,490	$4,245,739
20	$7,720,902	-$2,817,064 -$447,812	$4,456,026
21	$8,107,008	-$2,959,923 -$470,206	$4,676,879
22	$8,512,399	-$3,109,918 -$493,719	$4,908,762
23	$8,937,887	-$3,267,349 -$518,397	$5,152,141
24	$9,384,893	-$3,432,741 -$544,324	$5,407,828
25	$9,854,026	-$3,606,320 -$571,534	$5,676,172
26	$10,346,910	-$3,788,687 -$600,121	$5,958,102
27	$10,864,154	-$3,980,067 -$630,121	$6,253,966
28	$11,407,382	-$4,181,062 -$661,628	$6,564,692
29	$11,977,812	-$4,392,121 -$694,713	$6,890,978
30	$12,576,662	-$4,613,695 -$729,446	$7,233,521