The jackpot for the Powerball draw on Wed Apr 2, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Wed Apr 2, 2025 |
|---|
| Draw Date | Wed Apr 2, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,900,000 | | Federal Tax(24%) | $3,336,000 | | Additional Federal Tax | $1,767,330 | | State Tax(5.8%) | $806,200 | | Net Lumpsum Payment | $7,990,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$26,189 |
$297,945 |
| 2 |
$474,120 |
$135,755
$27,499 |
$310,866 |
| 3 |
$497,820 |
$144,524
$28,874 |
$324,422 |
| 4 |
$522,720 |
$153,737
$30,318 |
$338,665 |
| 5 |
$548,850 |
$163,405
$31,833 |
$353,612 |
| 6 |
$576,300 |
$173,561
$33,425 |
$369,314 |
| 7 |
$605,100 |
$184,217
$35,096 |
$385,787 |
| 8 |
$635,370 |
$195,417
$36,851 |
$403,102 |
| 9 |
$667,140 |
$207,172
$38,694 |
$421,274 |
| 10 |
$700,500 |
$219,515
$40,629 |
$440,356 |
| 11 |
$735,510 |
$232,469
$42,660 |
$460,381 |
| 12 |
$772,290 |
$246,078
$44,793 |
$481,419 |
| 13 |
$810,900 |
$260,363
$47,032 |
$503,505 |
| 14 |
$851,460 |
$275,371
$49,385 |
$526,704 |
| 15 |
$894,030 |
$291,121
$51,854 |
$551,055 |
| 16 |
$938,730 |
$307,660
$54,446 |
$576,624 |
| 17 |
$985,650 |
$325,021
$57,168 |
$603,461 |
| 18 |
$1,034,940 |
$343,258
$60,027 |
$631,655 |
| 19 |
$1,086,690 |
$362,406
$63,028 |
$661,256 |
| 20 |
$1,141,020 |
$382,508
$66,179 |
$692,333 |
| 21 |
$1,198,080 |
$403,620
$69,489 |
$724,971 |
| 22 |
$1,257,990 |
$425,787
$72,963 |
$759,240 |
| 23 |
$1,320,870 |
$449,052
$76,610 |
$795,208 |
| 24 |
$1,386,930 |
$473,494
$80,442 |
$832,994 |
| 25 |
$1,456,260 |
$499,147
$84,463 |
$872,650 |
| 26 |
$1,529,100 |
$526,097
$88,688 |
$914,315 |
| 27 |
$1,605,540 |
$554,380
$93,121 |
$958,039 |
| 28 |
$1,685,820 |
$584,084
$97,778 |
$1,003,958 |
| 29 |
$1,770,120 |
$615,275
$102,667 |
$1,052,178 |
| 30 |
$1,858,620 |
$648,020
$107,800 |
$1,102,800 |
|
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