The jackpot for the Powerball draw on Mon Aug 18, 2025, is projected to be $605 Million, with an option for a cash payout of $273.4 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 Aug 18, 2025 |
|---|
| Draw Date | Mon Aug 18, 2025 | | Projected Jackpot | $605,000,000 | | Cash Value | $273,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $273,400,000 | | Federal Tax(24%) | $65,616,000 | | Additional Federal Tax | $35,502,330 | | State Tax(5.8%) | $15,857,200 | | Net Lumpsum Payment | $156,424,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,105,855 |
$3,329,497
$528,140 |
$5,248,218 |
| 2 |
$9,561,420 |
$3,498,056
$554,562 |
$5,508,802 |
| 3 |
$10,039,370 |
$3,674,897
$582,283 |
$5,782,190 |
| 4 |
$10,541,520 |
$3,860,693
$611,408 |
$6,069,419 |
| 5 |
$11,068,475 |
$4,055,666
$641,972 |
$6,370,837 |
| 6 |
$11,622,050 |
$4,260,489
$674,079 |
$6,687,482 |
| 7 |
$12,202,850 |
$4,475,385
$707,765 |
$7,019,700 |
| 8 |
$12,813,295 |
$4,701,250
$743,171 |
$7,368,874 |
| 9 |
$13,453,990 |
$4,938,307
$780,331 |
$7,735,352 |
| 10 |
$14,126,750 |
$5,187,228
$819,352 |
$8,120,170 |
| 11 |
$14,832,785 |
$5,448,461
$860,302 |
$8,524,022 |
| 12 |
$15,574,515 |
$5,722,901
$903,322 |
$8,948,292 |
| 13 |
$16,353,150 |
$6,010,996
$948,483 |
$9,393,671 |
| 14 |
$17,171,110 |
$6,313,641
$995,924 |
$9,861,545 |
| 15 |
$18,029,605 |
$6,631,284
$1,045,717 |
$10,352,604 |
| 16 |
$18,931,055 |
$6,964,821
$1,098,001 |
$10,868,233 |
| 17 |
$19,877,275 |
$7,314,922
$1,152,882 |
$11,409,471 |
| 18 |
$20,871,290 |
$7,682,708
$1,210,535 |
$11,978,047 |
| 19 |
$21,914,915 |
$8,068,849
$1,271,065 |
$12,575,001 |
| 20 |
$23,010,570 |
$8,474,241
$1,334,613 |
$13,201,716 |
| 21 |
$24,161,280 |
$8,900,004
$1,401,354 |
$13,859,922 |
| 22 |
$25,369,465 |
$9,347,032
$1,471,429 |
$14,551,004 |
| 23 |
$26,637,545 |
$9,816,222
$1,544,978 |
$15,276,345 |
| 24 |
$27,969,755 |
$10,309,140
$1,622,246 |
$16,038,369 |
| 25 |
$29,367,910 |
$10,826,457
$1,703,339 |
$16,838,114 |
| 26 |
$30,836,850 |
$11,369,965
$1,788,537 |
$17,678,348 |
| 27 |
$32,378,390 |
$11,940,335
$1,877,947 |
$18,560,108 |
| 28 |
$33,997,370 |
$12,539,357
$1,971,847 |
$19,486,166 |
| 29 |
$35,697,420 |
$13,168,376
$2,070,450 |
$20,458,594 |
| 30 |
$37,482,170 |
$13,828,733
$2,173,966 |
$21,479,471 |
|
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