Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Mon Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(5.8%)	$11,223,000
Net Lumpsum Payment	$110,721,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$371,880	$3,707,177
2	$6,732,504	-$2,451,357 -$390,485	$3,890,662
3	$7,069,044	-$2,575,877 -$410,005	$4,083,162
4	$7,422,624	-$2,706,701 -$430,512	$4,285,411
5	$7,793,670	-$2,843,988 -$452,033	$4,497,649
6	$8,183,460	-$2,988,211 -$474,641	$4,720,608
7	$8,592,420	-$3,139,526 -$498,360	$4,954,534
8	$9,022,254	-$3,298,564 -$523,291	$5,200,399
9	$9,473,388	-$3,465,484 -$549,457	$5,458,447
10	$9,947,100	-$3,640,757 -$576,932	$5,729,411
11	$10,444,242	-$3,824,700 -$605,766	$6,013,776
12	$10,966,518	-$4,017,942 -$636,058	$6,312,518
13	$11,514,780	-$4,220,799 -$667,857	$6,626,124
14	$12,090,732	-$4,433,901 -$701,262	$6,955,569
15	$12,695,226	-$4,657,564 -$736,323	$7,301,339
16	$13,329,966	-$4,892,418 -$773,138	$7,664,410
17	$13,996,230	-$5,138,935 -$811,781	$8,045,514
18	$14,696,148	-$5,397,905 -$852,377	$8,445,866
19	$15,430,998	-$5,669,800 -$894,998	$8,866,200
20	$16,202,484	-$5,955,249 -$939,744	$9,307,491
21	$17,012,736	-$6,255,043 -$986,739	$9,770,954
22	$17,863,458	-$6,569,810 -$1,036,081	$10,257,567
23	$18,756,354	-$6,900,181 -$1,087,869	$10,768,304
24	$19,694,406	-$7,247,261 -$1,142,276	$11,304,869
25	$20,678,892	-$7,611,520 -$1,199,376	$11,867,996
26	$21,713,220	-$7,994,222 -$1,259,367	$12,459,631
27	$22,798,668	-$8,395,838 -$1,322,323	$13,080,507
28	$23,938,644	-$8,817,629 -$1,388,441	$13,732,574
29	$25,135,704	-$9,260,541 -$1,457,871	$14,417,292
30	$26,392,404	-$9,725,520 -$1,530,759	$15,136,125