Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(5.8%)	$1,490,600
Net Lumpsum Payment	$14,740,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$49,759	$530,392
2	$900,828	-$293,637 -$52,248	$554,943
3	$945,858	-$310,298 -$54,860	$580,700
4	$993,168	-$327,803 -$57,604	$607,761
5	$1,042,815	-$346,172 -$60,483	$636,160
6	$1,094,970	-$365,469 -$63,508	$665,993
7	$1,149,690	-$385,716 -$66,682	$697,292
8	$1,207,203	-$406,995 -$70,018	$730,190
9	$1,267,566	-$429,330 -$73,519	$764,717
10	$1,330,950	-$452,782 -$77,195	$800,973
11	$1,397,469	-$477,394 -$81,053	$839,022
12	$1,467,351	-$503,250 -$85,106	$878,995
13	$1,540,710	-$530,393 -$89,361	$920,956
14	$1,617,774	-$558,907 -$93,831	$965,036
15	$1,698,657	-$588,833 -$98,522	$1,011,302
16	$1,783,587	-$620,258 -$103,448	$1,059,881
17	$1,872,735	-$653,242 -$108,619	$1,110,874
18	$1,966,386	-$687,893 -$114,050	$1,164,443
19	$2,064,711	-$724,273 -$119,753	$1,220,685
20	$2,167,938	-$762,467 -$125,740	$1,279,731
21	$2,276,352	-$802,581 -$132,028	$1,341,743
22	$2,390,181	-$844,697 -$138,630	$1,406,854
23	$2,509,653	-$888,902 -$145,560	$1,475,191
24	$2,635,167	-$935,342 -$152,840	$1,546,985
25	$2,766,894	-$984,081 -$160,480	$1,622,333
26	$2,905,290	-$1,035,288 -$168,507	$1,701,495
27	$3,050,526	-$1,089,025 -$176,931	$1,784,570
28	$3,203,058	-$1,145,462 -$185,777	$1,871,819
29	$3,363,228	-$1,204,725 -$195,067	$1,963,436
30	$3,531,378	-$1,266,940 -$204,820	$2,059,618