Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 8, 2025 is estimated to be $223 Million, with a cash option of 104.4 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 Wed Oct 8, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 8, 2025	$223,000,000	$104,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$104,400,000
Federal Tax(24%)	$25,056,000
Additional Federal Tax	$13,532,330
State Tax(5.8%)	$6,055,200
Net Lumpsum Payment	$59,756,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$194,670	$1,959,515
2	$3,524,292	-$1,264,318 -$204,409	$2,055,565
3	$3,700,462	-$1,329,501 -$214,627	$2,156,334
4	$3,885,552	-$1,397,985 -$225,362	$2,262,205
5	$4,079,785	-$1,469,851 -$236,628	$2,373,306
6	$4,283,830	-$1,545,347 -$248,462	$2,490,021
7	$4,497,910	-$1,624,557 -$260,879	$2,612,474
8	$4,722,917	-$1,707,810 -$273,929	$2,741,178
9	$4,959,074	-$1,795,188 -$287,626	$2,876,260
10	$5,207,050	-$1,886,939 -$302,009	$3,018,102
11	$5,467,291	-$1,983,228 -$317,103	$3,166,960
12	$5,740,689	-$2,084,385 -$332,960	$3,323,344
13	$6,027,690	-$2,190,576 -$349,606	$3,487,508
14	$6,329,186	-$2,302,129 -$367,093	$3,659,964
15	$6,645,623	-$2,419,211 -$385,446	$3,840,966
16	$6,977,893	-$2,542,151 -$404,718	$4,031,024
17	$7,326,665	-$2,671,196 -$424,947	$4,230,522
18	$7,693,054	-$2,806,760 -$446,197	$4,440,097
19	$8,077,729	-$2,949,090 -$468,508	$4,660,131
20	$8,481,582	-$3,098,516 -$491,932	$4,891,134
21	$8,905,728	-$3,255,450 -$516,532	$5,133,746
22	$9,351,059	-$3,420,222 -$542,361	$5,388,476
23	$9,818,467	-$3,593,163 -$569,471	$5,655,833
24	$10,309,513	-$3,774,850 -$597,952	$5,936,711
25	$10,824,866	-$3,965,531 -$627,842	$6,231,493
26	$11,366,310	-$4,165,865 -$659,246	$6,541,199
27	$11,934,514	-$4,376,101 -$692,202	$6,866,211
28	$12,531,262	-$4,596,897 -$726,813	$7,207,552
29	$13,157,892	-$4,828,750 -$763,158	$7,565,984
30	$13,815,742	-$5,072,155 -$801,313	$7,942,274