Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(5.8%)	$4,471,800
Net Lumpsum Payment	$44,140,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$146,657	$1,486,010
2	$2,655,072	-$942,707 -$153,994	$1,558,371
3	$2,787,792	-$991,813 -$161,692	$1,634,287
4	$2,927,232	-$1,043,406 -$169,779	$1,714,047
5	$3,073,560	-$1,097,548 -$178,266	$1,797,746
6	$3,227,280	-$1,154,424 -$187,182	$1,885,674
7	$3,388,560	-$1,214,098 -$196,536	$1,977,926
8	$3,558,072	-$1,276,817 -$206,368	$2,074,887
9	$3,735,984	-$1,342,644 -$216,687	$2,176,653
10	$3,922,800	-$1,411,766 -$227,522	$2,283,512
11	$4,118,856	-$1,484,307 -$238,894	$2,395,655
12	$4,324,824	-$1,560,515 -$250,840	$2,513,469
13	$4,541,040	-$1,640,515 -$263,380	$2,637,145
14	$4,768,176	-$1,724,556 -$276,554	$2,767,066
15	$5,006,568	-$1,812,761 -$290,381	$2,903,426
16	$5,256,888	-$1,905,379 -$304,900	$3,046,609
17	$5,519,640	-$2,002,597 -$320,139	$3,196,904
18	$5,795,664	-$2,104,726 -$336,149	$3,354,789
19	$6,085,464	-$2,211,952 -$352,957	$3,520,555
20	$6,389,712	-$2,324,524 -$370,603	$3,694,585
21	$6,709,248	-$2,442,752 -$389,136	$3,877,360
22	$7,044,744	-$2,566,886 -$408,595	$4,069,263
23	$7,396,872	-$2,697,173 -$429,019	$4,270,680
24	$7,766,808	-$2,834,049 -$450,475	$4,482,284
25	$8,155,056	-$2,977,701 -$472,993	$4,704,362
26	$8,562,960	-$3,128,626 -$496,652	$4,937,682
27	$8,991,024	-$3,287,009 -$521,479	$5,182,536
28	$9,440,592	-$3,453,349 -$547,554	$5,439,689
29	$9,912,672	-$3,628,019 -$574,935	$5,709,718
30	$10,408,272	-$3,811,391 -$603,680	$5,993,201