The jackpot for the Powerball draw on Mon May 26, 2025, is projected to be $177 Million, with an option for a cash payout of $77.8 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 Mon May 26, 2025 |
|---|
| Draw Date | Mon May 26, 2025 | | Projected Jackpot | $177,000,000 | | Cash Value | $77,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,800,000 | | Federal Tax(24%) | $18,672,000 | | Additional Federal Tax | $10,074,330 | | State Tax(5.8%) | $4,512,400 | | Net Lumpsum Payment | $44,541,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,664,027 |
$946,020
$154,514 |
$1,563,493 |
| 2 |
$2,797,308 |
$995,334
$162,244 |
$1,639,730 |
| 3 |
$2,937,138 |
$1,047,071
$170,354 |
$1,719,713 |
| 4 |
$3,084,048 |
$1,101,428
$178,875 |
$1,803,745 |
| 5 |
$3,238,215 |
$1,158,470
$187,816 |
$1,891,929 |
| 6 |
$3,400,170 |
$1,218,393
$197,210 |
$1,984,567 |
| 7 |
$3,570,090 |
$1,281,264
$207,065 |
$2,081,761 |
| 8 |
$3,748,683 |
$1,347,343
$217,424 |
$2,183,916 |
| 9 |
$3,936,126 |
$1,416,697
$228,295 |
$2,291,134 |
| 10 |
$4,132,950 |
$1,489,522
$239,711 |
$2,403,717 |
| 11 |
$4,339,509 |
$1,565,949
$251,692 |
$2,521,868 |
| 12 |
$4,556,511 |
$1,646,239
$264,278 |
$2,645,994 |
| 13 |
$4,784,310 |
$1,730,525
$277,490 |
$2,776,295 |
| 14 |
$5,023,614 |
$1,819,068
$291,370 |
$2,913,176 |
| 15 |
$5,274,777 |
$1,911,998
$305,937 |
$3,056,842 |
| 16 |
$5,538,507 |
$2,009,578
$321,233 |
$3,207,696 |
| 17 |
$5,815,335 |
$2,112,004
$337,289 |
$3,366,042 |
| 18 |
$6,106,146 |
$2,219,604
$354,156 |
$3,532,386 |
| 19 |
$6,411,471 |
$2,332,575
$371,865 |
$3,707,031 |
| 20 |
$6,732,018 |
$2,451,177
$390,457 |
$3,890,384 |
| 21 |
$7,068,672 |
$2,575,739
$409,983 |
$4,082,950 |
| 22 |
$7,422,141 |
$2,706,523
$430,484 |
$4,285,134 |
| 23 |
$7,793,133 |
$2,843,790
$452,002 |
$4,497,341 |
| 24 |
$8,182,887 |
$2,987,999
$474,607 |
$4,720,281 |
| 25 |
$8,591,934 |
$3,139,346
$498,332 |
$4,954,256 |
| 26 |
$9,021,690 |
$3,298,356
$523,258 |
$5,200,076 |
| 27 |
$9,472,686 |
$3,465,224
$549,416 |
$5,458,046 |
| 28 |
$9,946,338 |
$3,640,475
$576,888 |
$5,728,975 |
| 29 |
$10,443,708 |
$3,824,502
$605,735 |
$6,013,471 |
| 30 |
$10,965,858 |
$4,017,698
$636,020 |
$6,312,140 |
|
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