The jackpot for the Powerball draw on Mon Jul 14, 2025, is projected to be $248 Million, with an option for a cash payout of $112.4 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 Jul 14, 2025 |
|---|
| Draw Date | Mon Jul 14, 2025 | | Projected Jackpot | $248,000,000 | | Cash Value | $112,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,400,000 | | Federal Tax(24%) | $26,976,000 | | Additional Federal Tax | $14,572,330 | | State Tax(5.8%) | $6,519,200 | | Net Lumpsum Payment | $64,332,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,732,648 |
$1,341,410
$216,494 |
$2,174,744 |
| 2 |
$3,919,392 |
$1,410,505
$227,325 |
$2,281,562 |
| 3 |
$4,115,312 |
$1,482,996
$238,688 |
$2,393,628 |
| 4 |
$4,321,152 |
$1,559,157
$250,627 |
$2,511,368 |
| 5 |
$4,537,160 |
$1,639,080
$263,155 |
$2,634,925 |
| 6 |
$4,764,080 |
$1,723,040
$276,317 |
$2,764,723 |
| 7 |
$5,002,160 |
$1,811,130
$290,125 |
$2,900,905 |
| 8 |
$5,252,392 |
$1,903,715
$304,639 |
$3,044,038 |
| 9 |
$5,515,024 |
$2,000,889
$319,871 |
$3,194,264 |
| 10 |
$5,790,800 |
$2,102,926
$335,866 |
$3,352,008 |
| 11 |
$6,080,216 |
$2,210,010
$352,653 |
$3,517,553 |
| 12 |
$6,384,264 |
$2,322,508
$370,287 |
$3,691,469 |
| 13 |
$6,703,440 |
$2,440,603
$388,800 |
$3,874,037 |
| 14 |
$7,038,736 |
$2,564,663
$408,247 |
$4,065,826 |
| 15 |
$7,390,648 |
$2,694,870
$428,658 |
$4,267,120 |
| 16 |
$7,760,168 |
$2,831,593
$450,090 |
$4,478,485 |
| 17 |
$8,148,040 |
$2,975,105
$472,586 |
$4,700,349 |
| 18 |
$8,555,504 |
$3,125,867
$496,219 |
$4,933,418 |
| 19 |
$8,983,304 |
$3,284,153
$521,032 |
$5,178,119 |
| 20 |
$9,432,432 |
$3,450,330
$547,081 |
$5,435,021 |
| 21 |
$9,904,128 |
$3,624,858
$574,439 |
$5,704,831 |
| 22 |
$10,399,384 |
$3,808,102
$603,164 |
$5,988,118 |
| 23 |
$10,919,192 |
$4,000,431
$633,313 |
$6,285,448 |
| 24 |
$11,465,288 |
$4,202,487
$664,987 |
$6,597,814 |
| 25 |
$12,038,416 |
$4,414,544
$698,228 |
$6,925,644 |
| 26 |
$12,640,560 |
$4,637,338
$733,152 |
$7,270,070 |
| 27 |
$13,272,464 |
$4,871,142
$769,803 |
$7,631,519 |
| 28 |
$13,936,112 |
$5,116,692
$808,294 |
$8,011,126 |
| 29 |
$14,632,992 |
$5,374,537
$848,714 |
$8,409,741 |
| 30 |
$15,364,592 |
$5,645,229
$891,146 |
$8,828,217 |
|
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