The jackpot for the Powerball draw on Mon Apr 20, 2026, is projected to be $87 Million, with an option for a cash payout of $39.7 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 Apr 20, 2026 |
|---|
| Draw Date | Mon Apr 20, 2026 | | Projected Jackpot | $87,000,000 | | Cash Value | $39,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $39,700,000 | | Federal Tax(24%) | $9,528,000 | | Additional Federal Tax | $5,121,330 | | State Tax(5.8%) | $2,302,600 | | Net Lumpsum Payment | $22,748,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,309,437 |
$444,822
$75,947 |
$788,668 |
| 2 |
$1,374,948 |
$469,061
$79,747 |
$826,140 |
| 3 |
$1,443,678 |
$494,491
$83,733 |
$865,454 |
| 4 |
$1,515,888 |
$521,209
$87,922 |
$906,757 |
| 5 |
$1,591,665 |
$549,246
$92,317 |
$950,102 |
| 6 |
$1,671,270 |
$578,700
$96,934 |
$995,636 |
| 7 |
$1,754,790 |
$609,603
$101,778 |
$1,043,409 |
| 8 |
$1,842,573 |
$642,082
$106,869 |
$1,093,622 |
| 9 |
$1,934,706 |
$676,172
$112,213 |
$1,146,321 |
| 10 |
$2,031,450 |
$711,967
$117,824 |
$1,201,659 |
| 11 |
$2,132,979 |
$749,533
$123,713 |
$1,259,733 |
| 12 |
$2,239,641 |
$788,998
$129,899 |
$1,320,744 |
| 13 |
$2,351,610 |
$830,426
$136,393 |
$1,384,791 |
| 14 |
$2,469,234 |
$873,947
$143,216 |
$1,452,071 |
| 15 |
$2,592,687 |
$919,625
$150,376 |
$1,522,686 |
| 16 |
$2,722,317 |
$967,588
$157,894 |
$1,596,835 |
| 17 |
$2,858,385 |
$1,017,933
$165,786 |
$1,674,666 |
| 18 |
$3,001,326 |
$1,070,821
$174,077 |
$1,756,428 |
| 19 |
$3,151,401 |
$1,126,349
$182,781 |
$1,842,271 |
| 20 |
$3,308,958 |
$1,184,645
$191,920 |
$1,932,393 |
| 21 |
$3,474,432 |
$1,245,870
$201,517 |
$2,027,045 |
| 22 |
$3,648,171 |
$1,310,154
$211,594 |
$2,126,423 |
| 23 |
$3,830,523 |
$1,377,624
$222,170 |
$2,230,729 |
| 24 |
$4,022,097 |
$1,448,506
$233,282 |
$2,340,309 |
| 25 |
$4,223,154 |
$1,522,897
$244,943 |
$2,455,314 |
| 26 |
$4,434,390 |
$1,601,055
$257,195 |
$2,576,140 |
| 27 |
$4,656,066 |
$1,683,075
$270,052 |
$2,702,939 |
| 28 |
$4,888,878 |
$1,769,215
$283,555 |
$2,836,108 |
| 29 |
$5,133,348 |
$1,859,669
$297,734 |
$2,975,945 |
| 30 |
$5,389,998 |
$1,954,630
$312,620 |
$3,122,748 |
|
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