The jackpot for the Powerball draw on Sat Sep 5, 2026, is projected to be $173 Million, with an option for a cash payout of $75 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 Sep 5, 2026 |
|---|
| Draw Date | Sat Sep 5, 2026 | | Projected Jackpot | $173,000,000 | | Cash Value | $75,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,000,000 | | Federal Tax(24%) | $18,000,000 | | Additional Federal Tax | $9,710,330 | | State Tax(5.8%) | $4,350,000 | | Net Lumpsum Payment | $42,939,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,603,823 |
$923,745
$151,022 |
$1,529,056 |
| 2 |
$2,734,092 |
$971,944
$158,577 |
$1,603,571 |
| 3 |
$2,870,762 |
$1,022,512
$166,504 |
$1,681,746 |
| 4 |
$3,014,352 |
$1,075,641
$174,832 |
$1,763,879 |
| 5 |
$3,165,035 |
$1,131,393
$183,572 |
$1,850,070 |
| 6 |
$3,323,330 |
$1,189,962
$192,753 |
$1,940,615 |
| 7 |
$3,489,410 |
$1,251,412
$202,386 |
$2,035,612 |
| 8 |
$3,663,967 |
$1,315,998
$212,510 |
$2,135,459 |
| 9 |
$3,847,174 |
$1,383,785
$223,136 |
$2,240,253 |
| 10 |
$4,039,550 |
$1,454,964
$234,294 |
$2,350,292 |
| 11 |
$4,241,441 |
$1,529,664
$246,004 |
$2,465,773 |
| 12 |
$4,453,539 |
$1,608,140
$258,305 |
$2,587,094 |
| 13 |
$4,676,190 |
$1,690,521
$271,219 |
$2,714,450 |
| 14 |
$4,910,086 |
$1,777,062
$284,785 |
$2,848,239 |
| 15 |
$5,155,573 |
$1,867,892
$299,023 |
$2,988,658 |
| 16 |
$5,413,343 |
$1,963,267
$313,974 |
$3,136,102 |
| 17 |
$5,683,915 |
$2,063,379
$329,667 |
$3,290,869 |
| 18 |
$5,968,154 |
$2,168,547
$346,153 |
$3,453,454 |
| 19 |
$6,266,579 |
$2,278,965
$363,462 |
$3,624,152 |
| 20 |
$6,579,882 |
$2,394,887
$381,633 |
$3,803,362 |
| 21 |
$6,908,928 |
$2,516,634
$400,718 |
$3,991,576 |
| 22 |
$7,254,409 |
$2,644,462
$420,756 |
$4,189,191 |
| 23 |
$7,617,017 |
$2,778,627
$441,787 |
$4,396,603 |
| 24 |
$7,997,963 |
$2,919,577
$463,882 |
$4,614,504 |
| 25 |
$8,397,766 |
$3,067,504
$487,070 |
$4,843,192 |
| 26 |
$8,817,810 |
$3,222,920
$511,433 |
$5,083,457 |
| 27 |
$9,258,614 |
$3,386,018
$537,000 |
$5,335,596 |
| 28 |
$9,721,562 |
$3,557,308
$563,851 |
$5,600,403 |
| 29 |
$10,207,692 |
$3,737,176
$592,046 |
$5,878,470 |
| 30 |
$10,718,042 |
$3,926,006
$621,646 |
$6,170,390 |
|
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