Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Apr 16, 2025 is estimated to be $113 Million, with a cash option of 50.6 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 Wed Apr 16, 2025

Draw Date	Jackpot	Cash Option
Wed Apr 16, 2025	$113,000,000	$50,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$50,600,000
Federal Tax(24%)	$12,144,000
Additional Federal Tax	$6,538,330
State Tax(5.8%)	$2,934,800
Net Lumpsum Payment	$28,982,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,700,763	-$589,613 -$98,644	$1,012,506
2	$1,785,852	-$621,096 -$103,579	$1,061,177
3	$1,875,122	-$654,126 -$108,757	$1,112,239
4	$1,968,912	-$688,828 -$114,197	$1,165,887
5	$2,067,335	-$725,244 -$119,905	$1,222,186
6	$2,170,730	-$763,500 -$125,902	$1,281,328
7	$2,279,210	-$803,638 -$132,194	$1,343,378
8	$2,393,227	-$845,824 -$138,807	$1,408,596
9	$2,512,894	-$890,101 -$145,748	$1,477,045
10	$2,638,550	-$936,594 -$153,036	$1,548,920
11	$2,770,421	-$985,386 -$160,684	$1,624,351
12	$2,908,959	-$1,036,645 -$168,720	$1,703,594
13	$3,054,390	-$1,090,455 -$177,155	$1,786,780
14	$3,207,166	-$1,146,982 -$186,016	$1,874,168
15	$3,367,513	-$1,206,310 -$195,316	$1,965,887
16	$3,535,883	-$1,268,607 -$205,081	$2,062,195
17	$3,712,615	-$1,333,998 -$215,332	$2,163,285
18	$3,898,274	-$1,402,692 -$226,100	$2,269,482
19	$4,093,199	-$1,474,814 -$237,406	$2,380,979
20	$4,297,842	-$1,550,532 -$249,275	$2,498,035
21	$4,512,768	-$1,630,055 -$261,741	$2,620,972
22	$4,738,429	-$1,713,549 -$274,829	$2,750,051
23	$4,975,277	-$1,801,183 -$288,566	$2,885,528
24	$5,224,103	-$1,893,248 -$302,998	$3,027,857
25	$5,485,246	-$1,989,871 -$318,144	$3,177,231
26	$5,759,610	-$2,091,386 -$334,057	$3,334,167
27	$6,047,534	-$2,197,918 -$350,757	$3,498,859
28	$6,349,922	-$2,309,802 -$368,295	$3,671,825
29	$6,667,452	-$2,427,288 -$386,712	$3,853,452
30	$7,000,802	-$2,550,627 -$406,047	$4,044,128