The jackpot for the Powerball draw on Wed Jun 24, 2026, is projected to be $327 Million, with an option for a cash payout of $148 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 Wed Jun 24, 2026 |
|---|
| Draw Date | Wed Jun 24, 2026 | | Projected Jackpot | $327,000,000 | | Cash Value | $148,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $148,000,000 | | Federal Tax(24%) | $35,520,000 | | Additional Federal Tax | $19,200,330 | | State Tax(5.8%) | $8,584,000 | | Net Lumpsum Payment | $84,695,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,921,677 |
$1,781,351
$285,457 |
$2,854,869 |
| 2 |
$5,167,908 |
$1,872,456
$299,739 |
$2,995,713 |
| 3 |
$5,426,238 |
$1,968,038
$314,722 |
$3,143,478 |
| 4 |
$5,697,648 |
$2,068,460
$330,464 |
$3,298,724 |
| 5 |
$5,982,465 |
$2,173,842
$346,983 |
$3,461,640 |
| 6 |
$6,281,670 |
$2,284,548
$364,337 |
$3,632,785 |
| 7 |
$6,595,590 |
$2,400,699
$382,544 |
$3,812,347 |
| 8 |
$6,925,533 |
$2,522,778
$401,681 |
$4,001,074 |
| 9 |
$7,271,826 |
$2,650,906
$421,766 |
$4,199,154 |
| 10 |
$7,635,450 |
$2,785,447
$442,856 |
$4,407,147 |
| 11 |
$8,017,059 |
$2,926,642
$464,989 |
$4,625,428 |
| 12 |
$8,417,961 |
$3,074,976
$488,242 |
$4,854,743 |
| 13 |
$8,838,810 |
$3,230,690
$512,651 |
$5,095,469 |
| 14 |
$9,280,914 |
$3,394,269
$538,293 |
$5,348,352 |
| 15 |
$9,744,927 |
$3,565,953
$565,206 |
$5,613,768 |
| 16 |
$10,232,157 |
$3,746,228
$593,465 |
$5,892,464 |
| 17 |
$10,743,585 |
$3,935,457
$623,128 |
$6,185,000 |
| 18 |
$11,280,846 |
$4,134,243
$654,289 |
$6,492,314 |
| 19 |
$11,844,921 |
$4,342,951
$687,005 |
$6,814,965 |
| 20 |
$12,437,118 |
$4,562,064
$721,353 |
$7,153,701 |
| 21 |
$13,059,072 |
$4,792,187
$757,426 |
$7,509,459 |
| 22 |
$13,712,091 |
$5,033,804
$795,301 |
$7,882,986 |
| 23 |
$14,397,483 |
$5,287,399
$835,054 |
$8,275,030 |
| 24 |
$15,117,537 |
$5,553,819
$876,817 |
$8,686,901 |
| 25 |
$15,873,234 |
$5,833,427
$920,648 |
$9,119,159 |
| 26 |
$16,667,190 |
$6,127,191
$966,697 |
$9,573,302 |
| 27 |
$17,500,386 |
$6,435,473
$1,015,022 |
$10,049,891 |
| 28 |
$18,375,438 |
$6,759,242
$1,065,775 |
$10,550,421 |
| 29 |
$19,294,308 |
$7,099,224
$1,119,070 |
$11,076,014 |
| 30 |
$20,258,958 |
$7,456,145
$1,175,020 |
$11,627,793 |
|
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