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
3
7
8
Cash Option: $177.5 Million
Next Draw: Sat Mar 15
Powerball
Wed Mar 12, 2025
111328515801

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