The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 5, 2025 |
|---|
| Draw Date | Sat Apr 5, 2025 | | Projected Jackpot | $47,000,000 | | Cash Value | $21,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,800,000 | | Federal Tax(24%) | $5,232,000 | | Additional Federal Tax | $2,794,330 | | State Tax(5.8%) | $1,264,400 | | Net Lumpsum Payment | $12,509,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$707,397 |
$222,067
$41,029 |
$444,301 |
| 2 |
$742,788 |
$235,162
$43,082 |
$464,544 |
| 3 |
$779,918 |
$248,900
$45,235 |
$485,783 |
| 4 |
$818,928 |
$263,334
$47,498 |
$508,096 |
| 5 |
$859,865 |
$278,480
$49,872 |
$531,513 |
| 6 |
$902,870 |
$294,392
$52,366 |
$556,112 |
| 7 |
$947,990 |
$311,087
$54,983 |
$581,920 |
| 8 |
$995,413 |
$328,633
$57,734 |
$609,046 |
| 9 |
$1,045,186 |
$347,049
$60,621 |
$637,516 |
| 10 |
$1,097,450 |
$366,387
$63,652 |
$667,411 |
| 11 |
$1,152,299 |
$386,681
$66,833 |
$698,785 |
| 12 |
$1,209,921 |
$408,001
$70,175 |
$731,745 |
| 13 |
$1,270,410 |
$430,382
$73,684 |
$766,344 |
| 14 |
$1,333,954 |
$453,893
$77,369 |
$802,692 |
| 15 |
$1,400,647 |
$478,570
$81,238 |
$840,839 |
| 16 |
$1,470,677 |
$504,481
$85,299 |
$880,897 |
| 17 |
$1,544,185 |
$531,679
$89,563 |
$922,943 |
| 18 |
$1,621,406 |
$560,251
$94,042 |
$967,113 |
| 19 |
$1,702,481 |
$590,248
$98,744 |
$1,013,489 |
| 20 |
$1,787,598 |
$621,742
$103,681 |
$1,062,175 |
| 21 |
$1,876,992 |
$654,817
$108,866 |
$1,113,309 |
| 22 |
$1,970,851 |
$689,545
$114,309 |
$1,166,997 |
| 23 |
$2,069,363 |
$725,995
$120,023 |
$1,223,345 |
| 24 |
$2,172,857 |
$764,287
$126,026 |
$1,282,544 |
| 25 |
$2,281,474 |
$804,476
$132,325 |
$1,344,673 |
| 26 |
$2,395,590 |
$846,699
$138,944 |
$1,409,947 |
| 27 |
$2,515,346 |
$891,008
$145,890 |
$1,478,448 |
| 28 |
$2,641,118 |
$937,544
$153,185 |
$1,550,389 |
| 29 |
$2,773,188 |
$986,410
$160,845 |
$1,625,933 |
| 30 |
$2,911,838 |
$1,037,710
$168,887 |
$1,705,241 |
|
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