Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 15, 2025 is estimated to be $378 Million, with a cash option of 177.5 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 Sat Mar 15, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 15, 2025	$378,000,000	$177,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$177,500,000
Federal Tax(24%)	$42,600,000
Additional Federal Tax	$23,035,330
State Tax(5.8%)	$10,295,000
Net Lumpsum Payment	$101,569,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,689,278	-$2,065,363 -$329,978	$3,293,937
2	$5,973,912	-$2,170,678 -$346,487	$3,456,747
3	$6,272,532	-$2,281,167 -$363,807	$3,627,558
4	$6,586,272	-$2,397,251 -$382,004	$3,807,017
5	$6,915,510	-$2,519,069 -$401,100	$3,995,341
6	$7,261,380	-$2,647,041 -$421,160	$4,193,179
7	$7,624,260	-$2,781,307 -$442,207	$4,400,746
8	$8,005,662	-$2,922,425 -$464,328	$4,618,909
9	$8,405,964	-$3,070,537 -$487,546	$4,847,881
10	$8,826,300	-$3,226,061 -$511,925	$5,088,314
11	$9,267,426	-$3,389,278 -$537,511	$5,340,637
12	$9,730,854	-$3,560,746 -$564,390	$5,605,718
13	$10,217,340	-$3,740,746 -$592,606	$5,883,988
14	$10,728,396	-$3,929,837 -$622,247	$6,176,312
15	$11,264,778	-$4,128,298 -$653,357	$6,483,123
16	$11,827,998	-$4,336,690 -$686,024	$6,805,284
17	$12,419,190	-$4,555,431 -$720,313	$7,143,446
18	$13,040,244	-$4,785,221 -$756,334	$7,498,689
19	$13,692,294	-$5,026,479 -$794,153	$7,871,662
20	$14,376,852	-$5,279,766 -$833,857	$8,263,229
21	$15,095,808	-$5,545,779 -$875,557	$8,674,472
22	$15,850,674	-$5,825,080 -$919,339	$9,106,255
23	$16,642,962	-$6,118,226 -$965,292	$9,559,444
24	$17,475,318	-$6,426,198 -$1,013,568	$10,035,552
25	$18,348,876	-$6,749,415 -$1,064,235	$10,535,226
26	$19,266,660	-$7,088,995 -$1,117,466	$11,060,199
27	$20,229,804	-$7,445,358 -$1,173,329	$11,611,117
28	$21,241,332	-$7,819,623 -$1,231,997	$12,189,712
29	$22,303,512	-$8,212,630 -$1,293,604	$12,797,278
30	$23,418,612	-$8,625,217 -$1,358,279	$13,435,116