Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(5.8%)	$4,187,600
Net Lumpsum Payment	$41,338,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$134,436	$1,365,482
2	$2,433,816	-$860,842 -$141,161	$1,431,813
3	$2,555,476	-$905,857 -$148,218	$1,501,401
4	$2,683,296	-$953,150 -$155,631	$1,574,515
5	$2,817,430	-$1,002,779 -$163,411	$1,651,240
6	$2,958,340	-$1,054,916 -$171,584	$1,731,840
7	$3,106,180	-$1,109,617 -$180,158	$1,816,405
8	$3,261,566	-$1,167,110 -$189,171	$1,905,285
9	$3,424,652	-$1,227,452 -$198,630	$1,998,570
10	$3,595,900	-$1,290,813 -$208,562	$2,096,525
11	$3,775,618	-$1,357,309 -$218,986	$2,199,323
12	$3,964,422	-$1,427,167 -$229,936	$2,307,319
13	$4,162,620	-$1,500,500 -$241,432	$2,420,688
14	$4,370,828	-$1,577,537 -$253,508	$2,539,783
15	$4,589,354	-$1,658,391 -$266,183	$2,664,780
16	$4,818,814	-$1,743,292 -$279,491	$2,796,031
17	$5,059,670	-$1,832,408 -$293,461	$2,933,801
18	$5,312,692	-$1,926,026 -$308,136	$3,078,530
19	$5,578,342	-$2,024,317 -$323,544	$3,230,481
20	$5,857,236	-$2,127,508 -$339,720	$3,390,008
21	$6,150,144	-$2,235,884 -$356,708	$3,557,552
22	$6,457,682	-$2,349,673 -$374,546	$3,733,463
23	$6,780,466	-$2,469,103 -$393,267	$3,918,096
24	$7,119,574	-$2,594,573 -$412,935	$4,112,066
25	$7,475,468	-$2,726,254 -$433,577	$4,315,637
26	$7,849,380	-$2,864,601 -$455,264	$4,529,515
27	$8,241,772	-$3,009,786 -$478,023	$4,753,963
28	$8,653,876	-$3,162,265 -$501,925	$4,989,686
29	$9,086,616	-$3,322,378 -$527,024	$5,237,214
30	$9,540,916	-$3,490,469 -$553,373	$5,497,074