Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 7, 2026 is estimated to be $105 Million, with a cash option of 47.4 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 Jan 7, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 7, 2026	$105,000,000	$47,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$47,400,000
Federal Tax(24%)	$11,376,000
Additional Federal Tax	$6,122,330
State Tax(5.8%)	$2,749,200
Net Lumpsum Payment	$27,152,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,580,355	-$545,062 -$91,661	$943,632
2	$1,659,420	-$574,316 -$96,246	$988,858
3	$1,742,370	-$605,007 -$101,057	$1,036,306
4	$1,829,520	-$637,253 -$106,112	$1,086,155
5	$1,920,975	-$671,091 -$111,417	$1,138,467
6	$2,017,050	-$706,639 -$116,989	$1,193,422
7	$2,117,850	-$743,935 -$122,835	$1,251,080
8	$2,223,795	-$783,135 -$128,980	$1,311,680
9	$2,334,990	-$824,277 -$135,429	$1,375,284
10	$2,451,750	-$867,478 -$142,202	$1,442,070
11	$2,574,285	-$912,816 -$149,309	$1,512,160
12	$2,703,015	-$960,446 -$156,775	$1,585,794
13	$2,838,150	-$1,010,446 -$164,613	$1,663,091
14	$2,980,110	-$1,062,971 -$172,846	$1,744,293
15	$3,129,105	-$1,118,099 -$181,488	$1,829,518
16	$3,285,555	-$1,175,986 -$190,562	$1,919,007
17	$3,449,775	-$1,236,747 -$200,087	$2,012,941
18	$3,622,290	-$1,300,578 -$210,093	$2,111,619
19	$3,803,415	-$1,367,594 -$220,598	$2,215,223
20	$3,993,570	-$1,437,951 -$231,627	$2,323,992
21	$4,193,280	-$1,511,844 -$243,210	$2,438,226
22	$4,402,965	-$1,589,427 -$255,372	$2,558,166
23	$4,623,045	-$1,670,857 -$268,137	$2,684,051
24	$4,854,255	-$1,756,405 -$281,547	$2,816,303
25	$5,096,910	-$1,846,187 -$295,621	$2,955,102
26	$5,351,850	-$1,940,515 -$310,407	$3,100,928
27	$5,619,390	-$2,039,505 -$325,925	$3,253,960
28	$5,900,370	-$2,143,467 -$342,221	$3,414,682
29	$6,195,420	-$2,252,636 -$359,334	$3,583,450
30	$6,505,170	-$2,367,243 -$377,300	$3,760,627