The jackpot for the Powerball draw on Sat Mar 7, 2026, is projected to be $35 Million, with an option for a cash payout of $16.5 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 Mar 7, 2026 |
|---|
| Draw Date | Sat Mar 7, 2026 | | Projected Jackpot | $35,000,000 | | Cash Value | $16,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $16,500,000 | | Federal Tax(24%) | $3,960,000 | | Additional Federal Tax | $2,105,330 | | State Tax(5.8%) | $957,000 | | Net Lumpsum Payment | $9,477,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$526,785 |
$155,241
$30,554 |
$340,990 |
| 2 |
$553,140 |
$164,992
$32,082 |
$356,066 |
| 3 |
$580,790 |
$175,223
$33,686 |
$371,881 |
| 4 |
$609,840 |
$185,971
$35,371 |
$388,498 |
| 5 |
$640,325 |
$197,251
$37,139 |
$405,935 |
| 6 |
$672,350 |
$209,100
$38,996 |
$424,254 |
| 7 |
$705,950 |
$221,532
$40,945 |
$443,473 |
| 8 |
$741,265 |
$234,598
$42,993 |
$463,674 |
| 9 |
$778,330 |
$248,312
$45,143 |
$484,875 |
| 10 |
$817,250 |
$262,713
$47,401 |
$507,136 |
| 11 |
$858,095 |
$277,826
$49,770 |
$530,499 |
| 12 |
$901,005 |
$293,702
$52,258 |
$555,045 |
| 13 |
$946,050 |
$310,369
$54,871 |
$580,810 |
| 14 |
$993,370 |
$327,877
$57,615 |
$607,878 |
| 15 |
$1,043,035 |
$346,253
$60,496 |
$636,286 |
| 16 |
$1,095,185 |
$365,549
$63,521 |
$666,115 |
| 17 |
$1,149,925 |
$385,803
$66,696 |
$697,426 |
| 18 |
$1,207,430 |
$407,079
$70,031 |
$730,320 |
| 19 |
$1,267,805 |
$429,418
$73,533 |
$764,854 |
| 20 |
$1,331,190 |
$452,871
$77,209 |
$801,110 |
| 21 |
$1,397,760 |
$477,502
$81,070 |
$839,188 |
| 22 |
$1,467,655 |
$503,363
$85,124 |
$879,168 |
| 23 |
$1,541,015 |
$530,506
$89,379 |
$921,130 |
| 24 |
$1,618,085 |
$559,022
$93,849 |
$965,214 |
| 25 |
$1,698,970 |
$588,949
$98,540 |
$1,011,481 |
| 26 |
$1,783,950 |
$620,392
$103,469 |
$1,060,089 |
| 27 |
$1,873,130 |
$653,388
$108,642 |
$1,111,100 |
| 28 |
$1,966,790 |
$688,043
$114,074 |
$1,164,673 |
| 29 |
$2,065,140 |
$724,432
$119,778 |
$1,220,930 |
| 30 |
$2,168,390 |
$762,635
$125,767 |
$1,279,988 |
|
|
