The jackpot for the Powerball draw on Sat Sep 26, 2026, is projected to be $360 Million, with an option for a cash payout of $153.6 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 Sat Sep 26, 2026 |
|---|
| Draw Date | Sat Sep 26, 2026 | | Projected Jackpot | $360,000,000 | | Cash Value | $153,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $153,600,000 | | Federal Tax(24%) | $36,864,000 | | Additional Federal Tax | $19,928,330 | | State Tax(5.8%) | $8,908,800 | | Net Lumpsum Payment | $87,898,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,418,360 |
$1,965,124
$314,265 |
$3,138,971 |
| 2 |
$5,689,440 |
$2,065,423
$329,988 |
$3,294,029 |
| 3 |
$5,973,840 |
$2,170,651
$346,483 |
$3,456,706 |
| 4 |
$6,272,640 |
$2,281,207
$363,813 |
$3,627,620 |
| 5 |
$6,586,200 |
$2,397,224
$382,000 |
$3,806,976 |
| 6 |
$6,915,600 |
$2,519,102
$401,105 |
$3,995,393 |
| 7 |
$7,261,200 |
$2,646,974
$421,150 |
$4,193,076 |
| 8 |
$7,624,440 |
$2,781,373
$442,218 |
$4,400,849 |
| 9 |
$8,005,680 |
$2,922,432
$464,329 |
$4,618,919 |
| 10 |
$8,406,000 |
$3,070,550
$487,548 |
$4,847,902 |
| 11 |
$8,826,120 |
$3,225,995
$511,915 |
$5,088,210 |
| 12 |
$9,267,480 |
$3,389,298
$537,514 |
$5,340,668 |
| 13 |
$9,730,800 |
$3,560,726
$564,386 |
$5,605,688 |
| 14 |
$10,217,520 |
$3,740,813
$592,616 |
$5,884,091 |
| 15 |
$10,728,360 |
$3,929,824
$622,245 |
$6,176,291 |
| 16 |
$11,264,760 |
$4,128,292
$653,356 |
$6,483,112 |
| 17 |
$11,827,800 |
$4,336,616
$686,012 |
$6,805,172 |
| 18 |
$12,419,280 |
$4,555,464
$720,318 |
$7,143,498 |
| 19 |
$13,040,280 |
$4,785,234
$756,336 |
$7,498,710 |
| 20 |
$13,692,240 |
$5,026,459
$794,150 |
$7,871,631 |
| 21 |
$14,376,960 |
$5,279,806
$833,864 |
$8,263,290 |
| 22 |
$15,095,880 |
$5,545,806
$875,561 |
$8,674,513 |
| 23 |
$15,850,440 |
$5,824,993
$919,326 |
$9,106,121 |
| 24 |
$16,643,160 |
$6,118,300
$965,303 |
$9,559,557 |
| 25 |
$17,475,120 |
$6,426,125
$1,013,557 |
$10,035,438 |
| 26 |
$18,349,200 |
$6,749,534
$1,064,254 |
$10,535,412 |
| 27 |
$19,266,480 |
$7,088,928
$1,117,456 |
$11,060,096 |
| 28 |
$20,229,840 |
$7,445,371
$1,173,331 |
$11,611,138 |
| 29 |
$21,241,440 |
$7,819,663
$1,232,004 |
$12,189,773 |
| 30 |
$22,303,440 |
$8,212,603
$1,293,600 |
$12,797,237 |
|
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