The jackpot for the Powerball draw on Sat Oct 24, 2026, is projected to be $674 Million, with an option for a cash payout of $283.9 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 Oct 24, 2026 |
|---|
| Draw Date | Sat Oct 24, 2026 | | Projected Jackpot | $674,000,000 | | Cash Value | $283,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $283,900,000 | | Federal Tax(24%) | $68,136,000 | | Additional Federal Tax | $36,867,330 | | State Tax(5.8%) | $16,466,200 | | Net Lumpsum Payment | $162,430,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,144,374 |
$3,713,749
$588,374 |
$5,842,251 |
| 2 |
$10,651,896 |
$3,901,532
$617,810 |
$6,132,554 |
| 3 |
$11,184,356 |
$4,098,542
$648,693 |
$6,437,121 |
| 4 |
$11,743,776 |
$4,305,528
$681,139 |
$6,757,109 |
| 5 |
$12,330,830 |
$4,522,737
$715,188 |
$7,092,905 |
| 6 |
$12,947,540 |
$4,750,920
$750,957 |
$7,445,663 |
| 7 |
$13,594,580 |
$4,990,325
$788,486 |
$7,815,769 |
| 8 |
$14,274,646 |
$5,241,949
$827,929 |
$8,204,768 |
| 9 |
$14,988,412 |
$5,506,043
$869,328 |
$8,613,041 |
| 10 |
$15,737,900 |
$5,783,353
$912,798 |
$9,041,749 |
| 11 |
$16,524,458 |
$6,074,380
$958,419 |
$9,491,659 |
| 12 |
$17,350,782 |
$6,380,120
$1,006,345 |
$9,964,317 |
| 13 |
$18,218,220 |
$6,701,072
$1,056,657 |
$10,460,491 |
| 14 |
$19,129,468 |
$7,038,234
$1,109,509 |
$10,981,725 |
| 15 |
$20,085,874 |
$7,392,104
$1,164,981 |
$11,528,789 |
| 16 |
$21,090,134 |
$7,763,680
$1,223,228 |
$12,103,226 |
| 17 |
$22,144,270 |
$8,153,710
$1,284,368 |
$12,706,192 |
| 18 |
$23,251,652 |
$8,563,442
$1,348,596 |
$13,339,614 |
| 19 |
$24,414,302 |
$8,993,622
$1,416,030 |
$14,004,650 |
| 20 |
$25,634,916 |
$9,445,249
$1,486,825 |
$14,702,842 |
| 21 |
$26,916,864 |
$9,919,570
$1,561,178 |
$15,436,116 |
| 22 |
$28,262,842 |
$10,417,582
$1,639,245 |
$16,206,015 |
| 23 |
$29,675,546 |
$10,940,282
$1,721,182 |
$17,014,082 |
| 24 |
$31,159,694 |
$11,489,417
$1,807,262 |
$17,863,015 |
| 25 |
$32,717,308 |
$12,065,734
$1,897,604 |
$18,753,970 |
| 26 |
$34,353,780 |
$12,671,229
$1,992,519 |
$19,690,032 |
| 27 |
$36,071,132 |
$13,306,649
$2,092,126 |
$20,672,357 |
| 28 |
$37,874,756 |
$13,973,990
$2,196,736 |
$21,704,030 |
| 29 |
$39,768,696 |
$14,674,748
$2,306,584 |
$22,787,364 |
| 30 |
$41,756,996 |
$15,410,419
$2,421,906 |
$23,924,671 |
|
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