The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(5.8%) | $12,696,200 | | Net Lumpsum Payment | $125,250,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$420,766 |
$4,189,290 |
| 2 |
$7,617,528 |
$2,778,816
$441,817 |
$4,396,895 |
| 3 |
$7,998,308 |
$2,919,704
$463,902 |
$4,614,702 |
| 4 |
$8,398,368 |
$3,067,727
$487,105 |
$4,843,536 |
| 5 |
$8,818,190 |
$3,223,061
$511,455 |
$5,083,674 |
| 6 |
$9,259,220 |
$3,386,242
$537,035 |
$5,335,943 |
| 7 |
$9,721,940 |
$3,557,448
$563,873 |
$5,600,619 |
| 8 |
$10,208,278 |
$3,737,393
$592,080 |
$5,878,805 |
| 9 |
$10,718,716 |
$3,926,255
$621,686 |
$6,170,775 |
| 10 |
$11,254,700 |
$4,124,569
$652,773 |
$6,477,358 |
| 11 |
$11,817,194 |
$4,332,692
$685,397 |
$6,799,105 |
| 12 |
$12,408,126 |
$4,551,337
$719,671 |
$7,137,118 |
| 13 |
$13,028,460 |
$4,780,861
$755,651 |
$7,491,948 |
| 14 |
$13,680,124 |
$5,021,976
$793,447 |
$7,864,701 |
| 15 |
$14,364,082 |
$5,275,041
$833,117 |
$8,255,924 |
| 16 |
$15,082,262 |
$5,540,767
$874,771 |
$8,666,724 |
| 17 |
$15,836,110 |
$5,819,691
$918,494 |
$9,097,925 |
| 18 |
$16,628,036 |
$6,112,704
$964,426 |
$9,550,906 |
| 19 |
$17,459,486 |
$6,420,340
$1,012,650 |
$10,026,496 |
| 20 |
$18,332,388 |
$6,743,314
$1,063,279 |
$10,525,795 |
| 21 |
$19,249,152 |
$7,082,517
$1,116,451 |
$11,050,184 |
| 22 |
$20,211,706 |
$7,438,662
$1,172,279 |
$11,600,765 |
| 23 |
$21,221,978 |
$7,812,462
$1,230,875 |
$12,178,641 |
| 24 |
$22,283,342 |
$8,205,167
$1,292,434 |
$12,785,741 |
| 25 |
$23,397,244 |
$8,617,311
$1,357,040 |
$13,422,893 |
| 26 |
$24,567,540 |
$9,050,320
$1,424,917 |
$14,092,303 |
| 27 |
$25,795,676 |
$9,504,731
$1,496,149 |
$14,794,796 |
| 28 |
$27,085,508 |
$9,981,968
$1,570,959 |
$15,532,581 |
| 29 |
$28,439,928 |
$10,483,104
$1,649,516 |
$16,307,308 |
| 30 |
$29,861,828 |
$11,009,207
$1,731,986 |
$17,120,635 |
|
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