The jackpot for the Powerball draw on Mon Dec 29, 2025, is projected to be $33 Million, with an option for a cash payout of $15.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Idaho residents, the state will deduct 5.8% from your lottery earnings.
| Idaho Powerball Jackpot/Cash Option for Mon Dec 29, 2025 |
|---|
| Draw Date | Mon Dec 29, 2025 | | Projected Jackpot | $33,000,000 | | Cash Value | $15,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,200,000 | | Federal Tax(24%) | $3,648,000 | | Additional Federal Tax | $1,936,330 | | State Tax(5.8%) | $881,600 | | Net Lumpsum Payment | $8,734,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$496,683 |
$144,103
$28,808 |
$323,772 |
| 2 |
$521,532 |
$153,297
$30,249 |
$337,986 |
| 3 |
$547,602 |
$162,943
$31,761 |
$352,898 |
| 4 |
$574,992 |
$173,077
$33,350 |
$368,565 |
| 5 |
$603,735 |
$183,712
$35,017 |
$385,006 |
| 6 |
$633,930 |
$194,884
$36,768 |
$402,278 |
| 7 |
$665,610 |
$206,606
$38,605 |
$420,399 |
| 8 |
$698,907 |
$218,926
$40,537 |
$439,444 |
| 9 |
$733,854 |
$231,856
$42,564 |
$459,434 |
| 10 |
$770,550 |
$245,434
$44,692 |
$480,424 |
| 11 |
$809,061 |
$259,683
$46,926 |
$502,452 |
| 12 |
$849,519 |
$274,652
$49,272 |
$525,595 |
| 13 |
$891,990 |
$290,367
$51,735 |
$549,888 |
| 14 |
$936,606 |
$306,875
$54,323 |
$575,408 |
| 15 |
$983,433 |
$324,201
$57,039 |
$602,193 |
| 16 |
$1,032,603 |
$342,393
$59,891 |
$630,319 |
| 17 |
$1,084,215 |
$361,490
$62,884 |
$659,841 |
| 18 |
$1,138,434 |
$381,551
$66,029 |
$690,854 |
| 19 |
$1,195,359 |
$402,613
$69,331 |
$723,415 |
| 20 |
$1,255,122 |
$424,726
$72,797 |
$757,599 |
| 21 |
$1,317,888 |
$447,949
$76,438 |
$793,501 |
| 22 |
$1,383,789 |
$472,332
$80,260 |
$831,197 |
| 23 |
$1,452,957 |
$497,924
$84,272 |
$870,761 |
| 24 |
$1,525,623 |
$524,811
$88,486 |
$912,326 |
| 25 |
$1,601,886 |
$553,028
$92,909 |
$955,949 |
| 26 |
$1,682,010 |
$582,674
$97,557 |
$1,001,779 |
| 27 |
$1,766,094 |
$613,785
$102,433 |
$1,049,876 |
| 28 |
$1,854,402 |
$646,459
$107,555 |
$1,100,388 |
| 29 |
$1,947,132 |
$680,769
$112,934 |
$1,153,429 |
| 30 |
$2,044,482 |
$716,789
$118,580 |
$1,209,113 |
|
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