Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 Sat Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(5.8%)	$1,711,000
Net Lumpsum Payment	$16,913,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$55,869	$590,657
2	$1,011,456	-$334,569 -$58,664	$618,223
3	$1,062,016	-$353,276 -$61,597	$647,143
4	$1,115,136	-$372,931 -$64,678	$677,527
5	$1,170,880	-$393,556 -$67,911	$709,413
6	$1,229,440	-$415,223 -$71,308	$742,909
7	$1,290,880	-$437,956 -$74,871	$778,053
8	$1,355,456	-$461,849 -$78,616	$814,991
9	$1,423,232	-$486,926 -$82,547	$853,759
10	$1,494,400	-$513,258 -$86,675	$894,467
11	$1,569,088	-$540,893 -$91,007	$937,188
12	$1,647,552	-$569,925 -$95,558	$982,069
13	$1,729,920	-$600,401 -$100,335	$1,029,184
14	$1,816,448	-$632,416 -$105,354	$1,078,678
15	$1,907,264	-$666,018 -$110,621	$1,130,625
16	$2,002,624	-$701,301 -$116,152	$1,185,171
17	$2,102,720	-$738,337 -$121,958	$1,242,425
18	$2,207,872	-$777,243 -$128,057	$1,302,572
19	$2,318,272	-$818,091 -$134,460	$1,365,721
20	$2,434,176	-$860,976 -$141,182	$1,432,018
21	$2,555,904	-$906,015 -$148,242	$1,501,647
22	$2,683,712	-$953,304 -$155,655	$1,574,753
23	$2,817,856	-$1,002,937 -$163,436	$1,651,483
24	$2,958,784	-$1,055,080 -$171,609	$1,732,095
25	$3,106,688	-$1,109,805 -$180,188	$1,816,695
26	$3,262,080	-$1,167,300 -$189,201	$1,905,579
27	$3,425,152	-$1,227,637 -$198,659	$1,998,856
28	$3,596,416	-$1,291,004 -$208,592	$2,096,820
29	$3,776,256	-$1,357,545 -$219,023	$2,199,688
30	$3,965,056	-$1,427,401 -$229,973	$2,307,682