Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 24, 2026 is estimated to be $674 Million, with a cash option of 283.9 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 Oct 24, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 24, 2026	$674,000,000	$283,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$283,900,000
Federal Tax(24%)	$68,136,000
Additional Federal Tax	$36,867,330
State Tax(5.8%)	$16,466,200
Net Lumpsum Payment	$162,430,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,144,374	-$3,713,749 -$588,374	$5,842,251
2	$10,651,896	-$3,901,532 -$617,810	$6,132,554
3	$11,184,356	-$4,098,542 -$648,693	$6,437,121
4	$11,743,776	-$4,305,528 -$681,139	$6,757,109
5	$12,330,830	-$4,522,737 -$715,188	$7,092,905
6	$12,947,540	-$4,750,920 -$750,957	$7,445,663
7	$13,594,580	-$4,990,325 -$788,486	$7,815,769
8	$14,274,646	-$5,241,949 -$827,929	$8,204,768
9	$14,988,412	-$5,506,043 -$869,328	$8,613,041
10	$15,737,900	-$5,783,353 -$912,798	$9,041,749
11	$16,524,458	-$6,074,380 -$958,419	$9,491,659
12	$17,350,782	-$6,380,120 -$1,006,345	$9,964,317
13	$18,218,220	-$6,701,072 -$1,056,657	$10,460,491
14	$19,129,468	-$7,038,234 -$1,109,509	$10,981,725
15	$20,085,874	-$7,392,104 -$1,164,981	$11,528,789
16	$21,090,134	-$7,763,680 -$1,223,228	$12,103,226
17	$22,144,270	-$8,153,710 -$1,284,368	$12,706,192
18	$23,251,652	-$8,563,442 -$1,348,596	$13,339,614
19	$24,414,302	-$8,993,622 -$1,416,030	$14,004,650
20	$25,634,916	-$9,445,249 -$1,486,825	$14,702,842
21	$26,916,864	-$9,919,570 -$1,561,178	$15,436,116
22	$28,262,842	-$10,417,582 -$1,639,245	$16,206,015
23	$29,675,546	-$10,940,282 -$1,721,182	$17,014,082
24	$31,159,694	-$11,489,417 -$1,807,262	$17,863,015
25	$32,717,308	-$12,065,734 -$1,897,604	$18,753,970
26	$34,353,780	-$12,671,229 -$1,992,519	$19,690,032
27	$36,071,132	-$13,306,649 -$2,092,126	$20,672,357
28	$37,874,756	-$13,973,990 -$2,196,736	$21,704,030
29	$39,768,696	-$14,674,748 -$2,306,584	$22,787,364
30	$41,756,996	-$15,410,419 -$2,421,906	$23,924,671