The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Idaho residents, the state will deduct 5.8% from your lottery earnings.
| Idaho Powerball Jackpot/Cash Option for Sat Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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