Idaho Lottery

IDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 6, 2026 is estimated to be $416 Million, with a cash option of 186.6 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 Mon Jul 6, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 6, 2026	$416,000,000	$186,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,600,000
Federal Tax(24%)	$44,784,000
Additional Federal Tax	$24,218,330
State Tax(5.8%)	$10,822,800
Net Lumpsum Payment	$106,774,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,261,216	-$2,276,980 -$363,151	$3,621,085
2	$6,574,464	-$2,392,882 -$381,319	$3,800,263
3	$6,903,104	-$2,514,479 -$400,380	$3,988,245
4	$7,248,384	-$2,642,232 -$420,406	$4,185,746
5	$7,610,720	-$2,776,297 -$441,422	$4,393,001
6	$7,991,360	-$2,917,134 -$463,499	$4,610,727
7	$8,390,720	-$3,064,897 -$486,662	$4,839,161
8	$8,810,464	-$3,220,202 -$511,007	$5,079,255
9	$9,251,008	-$3,383,203 -$536,558	$5,331,247
10	$9,713,600	-$3,554,362 -$563,389	$5,595,849
11	$10,199,072	-$3,733,987 -$591,546	$5,873,539
12	$10,709,088	-$3,922,693 -$621,127	$6,165,268
13	$11,244,480	-$4,120,788 -$652,180	$6,471,512
14	$11,806,912	-$4,328,888 -$684,801	$6,793,223
15	$12,397,216	-$4,547,300 -$719,039	$7,130,877
16	$13,017,056	-$4,776,641 -$754,989	$7,485,426
17	$13,667,680	-$5,017,372 -$792,725	$7,857,583
18	$14,351,168	-$5,270,263 -$832,368	$8,248,537
19	$15,068,768	-$5,535,775 -$873,989	$8,659,004
20	$15,822,144	-$5,814,524 -$917,684	$9,089,936
21	$16,613,376	-$6,107,280 -$963,576	$9,542,520
22	$17,444,128	-$6,414,658 -$1,011,759	$10,017,711
23	$18,316,064	-$6,737,274 -$1,062,332	$10,516,458
24	$19,232,096	-$7,076,206 -$1,115,462	$11,040,428
25	$20,193,472	-$7,431,915 -$1,171,221	$11,590,336
26	$21,203,520	-$7,805,633 -$1,229,804	$12,168,083
27	$22,263,488	-$8,197,821 -$1,291,282	$12,774,385
28	$23,376,704	-$8,609,711 -$1,355,849	$13,411,144
29	$24,545,664	-$9,042,226 -$1,423,649	$14,079,789
30	$25,772,864	-$9,496,290 -$1,494,826	$14,781,748