The jackpot for the Powerball draw on Wed Jul 22, 2026, is projected to be $567 Million, with an option for a cash payout of $251.8 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 Jul 22, 2026 |
|---|
| Draw Date | Wed Jul 22, 2026 | | Projected Jackpot | $567,000,000 | | Cash Value | $251,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,800,000 | | Federal Tax(24%) | $60,432,000 | | Additional Federal Tax | $32,694,330 | | State Tax(5.8%) | $14,604,400 | | Net Lumpsum Payment | $144,069,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,533,917 |
$3,117,880
$494,967 |
$4,921,070 |
| 2 |
$8,960,868 |
$3,275,852
$519,730 |
$5,165,286 |
| 3 |
$9,408,798 |
$3,441,586
$545,710 |
$5,421,502 |
| 4 |
$9,879,408 |
$3,615,711
$573,006 |
$5,690,691 |
| 5 |
$10,373,265 |
$3,798,438
$601,649 |
$5,973,178 |
| 6 |
$10,892,070 |
$3,990,396
$631,740 |
$6,269,934 |
| 7 |
$11,436,390 |
$4,191,795
$663,311 |
$6,581,284 |
| 8 |
$12,008,493 |
$4,403,473
$696,493 |
$6,908,527 |
| 9 |
$12,608,946 |
$4,625,640
$731,319 |
$7,251,987 |
| 10 |
$13,239,450 |
$4,858,927
$767,888 |
$7,612,635 |
| 11 |
$13,901,139 |
$5,103,752
$806,266 |
$7,991,121 |
| 12 |
$14,596,281 |
$5,360,954
$846,584 |
$8,388,743 |
| 13 |
$15,326,010 |
$5,630,954
$888,909 |
$8,806,147 |
| 14 |
$16,092,594 |
$5,914,590
$933,370 |
$9,244,634 |
| 15 |
$16,897,167 |
$6,212,282
$980,036 |
$9,704,849 |
| 16 |
$17,741,997 |
$6,524,869
$1,029,036 |
$10,188,092 |
| 17 |
$18,628,785 |
$6,852,981
$1,080,470 |
$10,695,334 |
| 18 |
$19,560,366 |
$7,197,666
$1,134,501 |
$11,228,199 |
| 19 |
$20,538,441 |
$7,559,554
$1,191,230 |
$11,787,657 |
| 20 |
$21,565,278 |
$7,939,483
$1,250,786 |
$12,375,009 |
| 21 |
$22,643,712 |
$8,338,504
$1,313,335 |
$12,991,873 |
| 22 |
$23,776,011 |
$8,757,454
$1,379,009 |
$13,639,548 |
| 23 |
$24,964,443 |
$9,197,174
$1,447,938 |
$14,319,331 |
| 24 |
$26,212,977 |
$9,659,132
$1,520,353 |
$15,033,492 |
| 25 |
$27,523,314 |
$10,143,957
$1,596,352 |
$15,783,005 |
| 26 |
$28,899,990 |
$10,653,327
$1,676,199 |
$16,570,464 |
| 27 |
$30,344,706 |
$11,187,872
$1,759,993 |
$17,396,841 |
| 28 |
$31,861,998 |
$11,749,270
$1,847,996 |
$18,264,732 |
| 29 |
$33,455,268 |
$12,338,780
$1,940,406 |
$19,176,082 |
| 30 |
$35,127,918 |
$12,957,660
$2,037,419 |
$20,132,839 |
|
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