Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 21, 2026 is estimated to be $120 Million, with a cash option of 54.6 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 21, 2026

Draw Date	Jackpot	Cash Option
Sat Mar 21, 2026	$120,000,000	$54,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$54,600,000
Federal Tax(24%)	$13,104,000
Additional Federal Tax	$7,058,330
State Tax(5.8%)	$3,166,800
Net Lumpsum Payment	$31,270,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,806,120	-$628,595 -$104,755	$1,072,770
2	$1,896,480	-$662,028 -$109,996	$1,124,456
3	$1,991,280	-$697,104 -$115,494	$1,178,682
4	$2,090,880	-$733,956 -$121,271	$1,235,653
5	$2,195,400	-$772,628 -$127,333	$1,295,439
6	$2,305,200	-$813,254 -$133,702	$1,358,244
7	$2,420,400	-$855,878 -$140,383	$1,424,139
8	$2,541,480	-$900,678 -$147,406	$1,493,396
9	$2,668,560	-$947,698 -$154,776	$1,566,086
10	$2,802,000	-$997,070 -$162,516	$1,642,414
11	$2,942,040	-$1,048,885 -$170,638	$1,722,517
12	$3,089,160	-$1,103,320 -$179,171	$1,806,669
13	$3,243,600	-$1,160,462 -$188,129	$1,895,009
14	$3,405,840	-$1,220,491 -$197,539	$1,987,810
15	$3,576,120	-$1,283,495 -$207,415	$2,085,210
16	$3,754,920	-$1,349,651 -$217,785	$2,187,484
17	$3,942,600	-$1,419,092 -$228,671	$2,294,837
18	$4,139,760	-$1,492,042 -$240,106	$2,407,612
19	$4,346,760	-$1,568,632 -$252,112	$2,526,016
20	$4,564,080	-$1,649,040 -$264,717	$2,650,323
21	$4,792,320	-$1,733,489 -$277,955	$2,780,876
22	$5,031,960	-$1,822,156 -$291,854	$2,917,950
23	$5,283,480	-$1,915,218 -$306,442	$3,061,820
24	$5,547,720	-$2,012,987 -$321,768	$3,212,965
25	$5,825,040	-$2,115,595 -$337,852	$3,371,593
26	$6,116,400	-$2,223,398 -$354,751	$3,538,251
27	$6,422,160	-$2,336,530 -$372,485	$3,713,145
28	$6,743,280	-$2,455,344 -$391,110	$3,896,826
29	$7,080,480	-$2,580,108 -$410,668	$4,089,704
30	$7,434,480	-$2,711,088 -$431,200	$4,292,192