Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 May 31, 2025

Draw Date	Jackpot	Cash Option
Sat May 31, 2025	$207,000,000	$91,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$91,000,000
Federal Tax(24%)	$21,840,000
Additional Federal Tax	$11,790,330
State Tax(5.8%)	$5,278,000
Net Lumpsum Payment	$52,091,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$180,702	$1,821,769
2	$3,271,428	-$1,170,759 -$189,743	$1,910,926
3	$3,434,958	-$1,231,265 -$199,228	$2,004,465
4	$3,606,768	-$1,294,835 -$209,193	$2,102,740
5	$3,787,065	-$1,361,544 -$219,650	$2,205,871
6	$3,976,470	-$1,431,624 -$230,635	$2,314,211
7	$4,175,190	-$1,505,151 -$242,161	$2,427,878
8	$4,384,053	-$1,582,430 -$254,275	$2,547,348
9	$4,603,266	-$1,663,539 -$266,989	$2,672,738
10	$4,833,450	-$1,748,707 -$280,340	$2,804,403
11	$5,075,019	-$1,838,087 -$294,351	$2,942,581
12	$5,328,801	-$1,931,987 -$309,070	$3,087,744
13	$5,595,210	-$2,030,558 -$324,522	$3,240,130
14	$5,875,074	-$2,134,108 -$340,754	$3,400,212
15	$6,168,807	-$2,242,789 -$357,791	$3,568,227
16	$6,477,237	-$2,356,908 -$375,680	$3,744,649
17	$6,800,985	-$2,476,695 -$394,457	$3,929,833
18	$7,141,086	-$2,602,532 -$414,183	$4,124,371
19	$7,498,161	-$2,734,650 -$434,893	$4,328,618
20	$7,873,038	-$2,873,354 -$456,636	$4,543,048
21	$8,266,752	-$3,019,029 -$479,472	$4,768,251
22	$8,680,131	-$3,171,979 -$503,448	$5,004,704
23	$9,114,003	-$3,332,511 -$528,612	$5,252,880
24	$9,569,817	-$3,501,163 -$555,049	$5,513,605
25	$10,048,194	-$3,678,162 -$582,795	$5,787,237
26	$10,550,790	-$3,864,123 -$611,946	$6,074,721
27	$11,078,226	-$4,059,274 -$642,537	$6,376,415
28	$11,632,158	-$4,264,229 -$674,665	$6,693,264
29	$12,213,828	-$4,479,447 -$708,402	$7,025,979
30	$12,824,478	-$4,705,387 -$743,820	$7,375,271