The jackpot for the Powerball draw on Mon Jul 28, 2025, is projected to be $364 Million, with an option for a cash payout of $164.1 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 Jul 28, 2025 |
|---|
| Draw Date | Mon Jul 28, 2025 | | Projected Jackpot | $364,000,000 | | Cash Value | $164,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $164,100,000 | | Federal Tax(24%) | $39,384,000 | | Additional Federal Tax | $21,293,330 | | State Tax(5.8%) | $9,517,800 | | Net Lumpsum Payment | $93,904,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,478,564 |
$1,987,399
$317,757 |
$3,173,408 |
| 2 |
$5,752,656 |
$2,088,813
$333,654 |
$3,330,189 |
| 3 |
$6,040,216 |
$2,195,210
$350,333 |
$3,494,673 |
| 4 |
$6,342,336 |
$2,306,995
$367,855 |
$3,667,486 |
| 5 |
$6,659,380 |
$2,424,301
$386,244 |
$3,848,835 |
| 6 |
$6,992,440 |
$2,547,533
$405,562 |
$4,039,345 |
| 7 |
$7,341,880 |
$2,676,826
$425,829 |
$4,239,225 |
| 8 |
$7,709,156 |
$2,812,718
$447,131 |
$4,449,307 |
| 9 |
$8,094,632 |
$2,955,344
$469,489 |
$4,669,799 |
| 10 |
$8,499,400 |
$3,105,108
$492,965 |
$4,901,327 |
| 11 |
$8,924,188 |
$3,262,280
$517,603 |
$5,144,305 |
| 12 |
$9,370,452 |
$3,427,398
$543,486 |
$5,399,568 |
| 13 |
$9,838,920 |
$3,600,731
$570,657 |
$5,667,532 |
| 14 |
$10,331,048 |
$3,782,818
$599,201 |
$5,949,029 |
| 15 |
$10,847,564 |
$3,973,929
$629,159 |
$6,244,476 |
| 16 |
$11,389,924 |
$4,174,602
$660,616 |
$6,554,706 |
| 17 |
$11,959,220 |
$4,385,242
$693,635 |
$6,880,343 |
| 18 |
$12,557,272 |
$4,606,521
$728,322 |
$7,222,429 |
| 19 |
$13,185,172 |
$4,838,844
$764,740 |
$7,581,588 |
| 20 |
$13,844,376 |
$5,082,750
$802,974 |
$7,958,652 |
| 21 |
$14,536,704 |
$5,338,911
$843,129 |
$8,354,664 |
| 22 |
$15,263,612 |
$5,607,867
$885,289 |
$8,770,456 |
| 23 |
$16,026,556 |
$5,890,156
$929,540 |
$9,206,860 |
| 24 |
$16,828,084 |
$6,186,721
$976,029 |
$9,665,334 |
| 25 |
$17,669,288 |
$6,497,967
$1,024,819 |
$10,146,502 |
| 26 |
$18,553,080 |
$6,824,970
$1,076,079 |
$10,652,031 |
| 27 |
$19,480,552 |
$7,168,135
$1,129,872 |
$11,182,545 |
| 28 |
$20,454,616 |
$7,528,538
$1,186,368 |
$11,739,710 |
| 29 |
$21,477,456 |
$7,906,989
$1,245,692 |
$12,324,775 |
| 30 |
$22,551,256 |
$8,304,295
$1,307,973 |
$12,938,988 |
|
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