The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(5.8%) | $24,876,200 | | Net Lumpsum Payment | $245,370,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$829,310 |
$8,218,383 |
| 2 |
$15,013,800 |
$5,515,436
$870,800 |
$8,627,564 |
| 3 |
$15,764,300 |
$5,793,121
$914,329 |
$9,056,850 |
| 4 |
$16,552,800 |
$6,084,866
$960,062 |
$9,507,872 |
| 5 |
$17,380,250 |
$6,391,023
$1,008,055 |
$9,981,172 |
| 6 |
$18,249,500 |
$6,712,645
$1,058,471 |
$10,478,384 |
| 7 |
$19,161,500 |
$7,050,085
$1,111,367 |
$11,000,048 |
| 8 |
$20,120,050 |
$7,404,749
$1,166,963 |
$11,548,338 |
| 9 |
$21,126,100 |
$7,776,987
$1,225,314 |
$12,123,799 |
| 10 |
$22,182,500 |
$8,167,855
$1,286,585 |
$12,728,060 |
| 11 |
$23,291,150 |
$8,578,056
$1,350,887 |
$13,362,207 |
| 12 |
$24,455,850 |
$9,008,995
$1,418,439 |
$14,028,416 |
| 13 |
$25,678,500 |
$9,461,375
$1,489,353 |
$14,727,772 |
| 14 |
$26,962,900 |
$9,936,603
$1,563,848 |
$15,462,449 |
| 15 |
$28,310,950 |
$10,435,382
$1,642,035 |
$16,233,533 |
| 16 |
$29,726,450 |
$10,959,117
$1,724,134 |
$17,043,199 |
| 17 |
$31,212,250 |
$11,508,863
$1,810,311 |
$17,893,076 |
| 18 |
$32,773,100 |
$12,086,377
$1,900,840 |
$18,785,883 |
| 19 |
$34,411,850 |
$12,692,715
$1,995,887 |
$19,723,248 |
| 20 |
$36,132,300 |
$13,329,281
$2,095,673 |
$20,707,346 |
| 21 |
$37,939,200 |
$13,997,834
$2,200,474 |
$21,740,892 |
| 22 |
$39,836,350 |
$14,699,780
$2,310,508 |
$22,826,062 |
| 23 |
$41,827,550 |
$15,436,524
$2,425,998 |
$23,965,028 |
| 24 |
$43,919,450 |
$16,210,527
$2,547,328 |
$25,161,595 |
| 25 |
$46,114,900 |
$17,022,843
$2,674,664 |
$26,417,393 |
| 26 |
$48,421,500 |
$17,876,285
$2,808,447 |
$27,736,768 |
| 27 |
$50,842,100 |
$18,771,907
$2,948,842 |
$29,121,351 |
| 28 |
$53,384,300 |
$19,712,521
$3,096,289 |
$30,575,490 |
| 29 |
$56,053,800 |
$20,700,236
$3,251,120 |
$32,102,444 |
| 30 |
$58,856,300 |
$21,737,161
$3,413,665 |
$33,705,474 |
|
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