Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(5.8%)	$2,302,600
Net Lumpsum Payment	$22,748,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$75,947	$788,668
2	$1,374,948	-$469,061 -$79,747	$826,140
3	$1,443,678	-$494,491 -$83,733	$865,454
4	$1,515,888	-$521,209 -$87,922	$906,757
5	$1,591,665	-$549,246 -$92,317	$950,102
6	$1,671,270	-$578,700 -$96,934	$995,636
7	$1,754,790	-$609,603 -$101,778	$1,043,409
8	$1,842,573	-$642,082 -$106,869	$1,093,622
9	$1,934,706	-$676,172 -$112,213	$1,146,321
10	$2,031,450	-$711,967 -$117,824	$1,201,659
11	$2,132,979	-$749,533 -$123,713	$1,259,733
12	$2,239,641	-$788,998 -$129,899	$1,320,744
13	$2,351,610	-$830,426 -$136,393	$1,384,791
14	$2,469,234	-$873,947 -$143,216	$1,452,071
15	$2,592,687	-$919,625 -$150,376	$1,522,686
16	$2,722,317	-$967,588 -$157,894	$1,596,835
17	$2,858,385	-$1,017,933 -$165,786	$1,674,666
18	$3,001,326	-$1,070,821 -$174,077	$1,756,428
19	$3,151,401	-$1,126,349 -$182,781	$1,842,271
20	$3,308,958	-$1,184,645 -$191,920	$1,932,393
21	$3,474,432	-$1,245,870 -$201,517	$2,027,045
22	$3,648,171	-$1,310,154 -$211,594	$2,126,423
23	$3,830,523	-$1,377,624 -$222,170	$2,230,729
24	$4,022,097	-$1,448,506 -$233,282	$2,340,309
25	$4,223,154	-$1,522,897 -$244,943	$2,455,314
26	$4,434,390	-$1,601,055 -$257,195	$2,576,140
27	$4,656,066	-$1,683,075 -$270,052	$2,702,939
28	$4,888,878	-$1,769,215 -$283,555	$2,836,108
29	$5,133,348	-$1,859,669 -$297,734	$2,975,945
30	$5,389,998	-$1,954,630 -$312,620	$3,122,748