The jackpot for the Powerball draw on Wed Jan 21, 2026, is projected to be $209 Million, with an option for a cash payout of $95.2 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 Jan 21, 2026 |
|---|
| Draw Date | Wed Jan 21, 2026 | | Projected Jackpot | $209,000,000 | | Cash Value | $95,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $95,200,000 | | Federal Tax(24%) | $22,848,000 | | Additional Federal Tax | $12,336,330 | | State Tax(5.8%) | $5,521,600 | | Net Lumpsum Payment | $54,494,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,145,659 |
$1,124,224
$182,448 |
$1,838,987 |
| 2 |
$3,303,036 |
$1,182,454
$191,576 |
$1,929,006 |
| 3 |
$3,468,146 |
$1,243,544
$201,152 |
$2,023,450 |
| 4 |
$3,641,616 |
$1,307,728
$211,214 |
$2,122,674 |
| 5 |
$3,823,655 |
$1,375,083
$221,772 |
$2,226,800 |
| 6 |
$4,014,890 |
$1,445,840
$232,864 |
$2,336,186 |
| 7 |
$4,215,530 |
$1,520,076
$244,501 |
$2,450,953 |
| 8 |
$4,426,411 |
$1,598,102
$256,732 |
$2,571,577 |
| 9 |
$4,647,742 |
$1,679,995
$269,569 |
$2,698,178 |
| 10 |
$4,880,150 |
$1,765,986
$283,049 |
$2,831,115 |
| 11 |
$5,124,053 |
$1,856,230
$297,195 |
$2,970,628 |
| 12 |
$5,380,287 |
$1,951,037
$312,057 |
$3,117,193 |
| 13 |
$5,649,270 |
$2,050,560
$327,658 |
$3,271,052 |
| 14 |
$5,931,838 |
$2,155,110
$344,047 |
$3,432,681 |
| 15 |
$6,228,409 |
$2,264,842
$361,248 |
$3,602,319 |
| 16 |
$6,539,819 |
$2,380,063
$379,310 |
$3,780,446 |
| 17 |
$6,866,695 |
$2,501,008
$398,268 |
$3,967,419 |
| 18 |
$7,210,082 |
$2,628,061
$418,185 |
$4,163,836 |
| 19 |
$7,570,607 |
$2,761,455
$439,095 |
$4,370,057 |
| 20 |
$7,949,106 |
$2,901,500
$461,048 |
$4,586,558 |
| 21 |
$8,346,624 |
$3,048,581
$484,104 |
$4,813,939 |
| 22 |
$8,763,997 |
$3,203,009
$508,312 |
$5,052,676 |
| 23 |
$9,202,061 |
$3,365,093
$533,720 |
$5,303,248 |
| 24 |
$9,662,279 |
$3,535,374
$560,412 |
$5,566,493 |
| 25 |
$10,145,278 |
$3,714,083
$588,426 |
$5,842,769 |
| 26 |
$10,652,730 |
$3,901,840
$617,858 |
$6,133,032 |
| 27 |
$11,185,262 |
$4,098,877
$648,745 |
$6,437,640 |
| 28 |
$11,744,546 |
$4,305,812
$681,184 |
$6,757,550 |
| 29 |
$12,331,836 |
$4,523,110
$715,246 |
$7,093,480 |
| 30 |
$12,948,386 |
$4,751,233
$751,006 |
$7,446,147 |
|
|
