Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 28, 2026 is estimated to be $389 Million, with a cash option of 161.9 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 Mon Sep 28, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 28, 2026	$389,000,000	$161,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$161,900,000
Federal Tax(24%)	$38,856,000
Additional Federal Tax	$21,007,330
State Tax(5.8%)	$9,390,200
Net Lumpsum Payment	$92,646,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,854,839	-$2,126,621 -$339,581	$3,388,637
2	$6,147,756	-$2,235,000 -$356,570	$3,556,186
3	$6,455,066	-$2,348,705 -$374,394	$3,731,967
4	$6,777,936	-$2,468,167 -$393,120	$3,916,649
5	$7,116,755	-$2,593,530 -$412,772	$4,110,453
6	$7,472,690	-$2,725,226 -$433,416	$4,314,048
7	$7,846,130	-$2,863,398 -$455,076	$4,527,656
8	$8,238,631	-$3,008,624 -$477,841	$4,752,166
9	$8,650,582	-$3,161,046 -$501,734	$4,987,802
10	$9,083,150	-$3,321,096 -$526,823	$5,235,231
11	$9,537,113	-$3,489,062 -$553,153	$5,494,898
12	$10,014,027	-$3,665,520 -$580,814	$5,767,693
13	$10,514,670	-$3,850,758 -$609,851	$6,054,061
14	$11,040,598	-$4,045,352 -$640,355	$6,354,891
15	$11,592,589	-$4,249,588 -$672,370	$6,670,631
16	$12,172,199	-$4,464,044 -$705,988	$7,002,167
17	$12,780,595	-$4,689,151 -$741,275	$7,350,169
18	$13,419,722	-$4,925,628 -$778,344	$7,715,750
19	$14,090,747	-$5,173,907 -$817,263	$8,099,577
20	$14,795,226	-$5,434,564 -$858,123	$8,502,539
21	$15,535,104	-$5,708,319 -$901,036	$8,925,749
22	$16,311,937	-$5,995,747 -$946,092	$9,370,098
23	$17,127,281	-$6,297,424 -$993,382	$9,836,475
24	$17,983,859	-$6,614,358 -$1,043,064	$10,326,437
25	$18,882,838	-$6,946,980 -$1,095,205	$10,840,653
26	$19,827,330	-$7,296,442 -$1,149,985	$11,380,903
27	$20,818,502	-$7,663,176 -$1,207,473	$11,947,853
28	$21,859,466	-$8,048,333 -$1,267,849	$12,543,284
29	$22,952,556	-$8,452,776 -$1,331,248	$13,168,532
30	$24,100,106	-$8,877,370 -$1,397,806	$13,824,930