Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 27, 2025 is estimated to be $815 Million, with a cash option of 367.9 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 Aug 27, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 27, 2025	$815,000,000	$367,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$367,900,000
Federal Tax(24%)	$88,296,000
Additional Federal Tax	$47,787,330
State Tax(5.8%)	$21,338,200
Net Lumpsum Payment	$210,478,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,266,565	-$4,498,959 -$711,461	$7,056,145
2	$12,880,260	-$4,726,027 -$747,055	$7,407,178
3	$13,524,110	-$4,964,251 -$784,398	$7,775,461
4	$14,200,560	-$5,214,538 -$823,632	$8,162,390
5	$14,910,425	-$5,477,188 -$864,805	$8,568,432
6	$15,656,150	-$5,753,106 -$908,057	$8,994,987
7	$16,438,550	-$6,042,594 -$953,436	$9,442,520
8	$17,260,885	-$6,346,858 -$1,001,131	$9,912,896
9	$18,123,970	-$6,666,199 -$1,051,190	$10,406,581
10	$19,030,250	-$7,001,523 -$1,103,755	$10,924,972
11	$19,981,355	-$7,353,432 -$1,158,919	$11,469,004
12	$20,980,545	-$7,723,132 -$1,216,872	$12,040,541
13	$22,029,450	-$8,111,227 -$1,277,708	$12,640,515
14	$23,131,330	-$8,518,922 -$1,341,617	$13,270,791
15	$24,287,815	-$8,946,822 -$1,408,693	$13,932,300
16	$25,502,165	-$9,396,131 -$1,479,126	$14,626,908
17	$26,776,825	-$9,867,756 -$1,553,056	$15,356,013
18	$28,115,870	-$10,363,202 -$1,630,720	$16,121,948
19	$29,521,745	-$10,883,376 -$1,712,261	$16,926,108
20	$30,997,710	-$11,429,483 -$1,797,867	$17,770,360
21	$32,547,840	-$12,003,031 -$1,887,775	$18,657,034
22	$34,175,395	-$12,605,227 -$1,982,173	$19,587,995
23	$35,883,635	-$13,237,275 -$2,081,251	$20,565,109
24	$37,678,265	-$13,901,288 -$2,185,339	$21,591,638
25	$39,561,730	-$14,598,170 -$2,294,580	$22,668,980
26	$41,540,550	-$15,330,334 -$2,409,352	$23,800,864
27	$43,617,170	-$16,098,683 -$2,529,796	$24,988,691
28	$45,798,110	-$16,905,631 -$2,656,290	$26,236,189
29	$48,088,260	-$17,752,987 -$2,789,119	$27,546,154
30	$50,492,510	-$18,642,559 -$2,928,566	$28,921,385