Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(5.8%)	$9,123,400
Net Lumpsum Payment	$90,015,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$292,441	$2,923,742
2	$5,294,340	-$1,919,236 -$307,072	$3,068,032
3	$5,558,990	-$2,017,157 -$322,421	$3,219,412
4	$5,837,040	-$2,120,035 -$338,548	$3,378,457
5	$6,128,825	-$2,227,996 -$355,472	$3,545,357
6	$6,435,350	-$2,341,410 -$373,250	$3,720,690
7	$6,756,950	-$2,460,402 -$391,903	$3,904,645
8	$7,094,965	-$2,585,467 -$411,508	$4,097,990
9	$7,449,730	-$2,716,730 -$432,084	$4,300,916
10	$7,822,250	-$2,854,563 -$453,691	$4,513,996
11	$8,213,195	-$2,999,213 -$476,365	$4,737,617
12	$8,623,905	-$3,151,175 -$500,186	$4,972,544
13	$9,055,050	-$3,310,699 -$525,193	$5,219,158
14	$9,507,970	-$3,478,279 -$551,462	$5,478,229
15	$9,983,335	-$3,654,164 -$579,033	$5,750,138
16	$10,482,485	-$3,838,850 -$607,984	$6,035,651
17	$11,006,425	-$4,032,708 -$638,373	$6,335,344
18	$11,556,830	-$4,236,357 -$670,296	$6,650,177
19	$12,134,705	-$4,450,171 -$703,813	$6,980,721
20	$12,741,390	-$4,674,645 -$739,001	$7,327,744
21	$13,378,560	-$4,910,398 -$775,956	$7,692,206
22	$14,047,555	-$5,157,926 -$814,758	$8,074,871
23	$14,749,715	-$5,417,725 -$855,483	$8,476,507
24	$15,487,385	-$5,690,663 -$898,268	$8,898,454
25	$16,261,570	-$5,977,111 -$943,171	$9,341,288
26	$17,074,950	-$6,278,062 -$990,347	$9,806,541
27	$17,928,530	-$6,593,886 -$1,039,855	$10,294,789
28	$18,824,990	-$6,925,577 -$1,091,849	$10,807,564
29	$19,766,340	-$7,273,876 -$1,146,448	$11,346,016
30	$20,754,590	-$7,639,529 -$1,203,766	$11,911,295