The jackpot for the Powerball draw on Mon Feb 23, 2026, is projected to be $203 Million, with an option for a cash payout of $94.6 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 Feb 23, 2026 |
|---|
| Draw Date | Mon Feb 23, 2026 | | Projected Jackpot | $203,000,000 | | Cash Value | $94,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,600,000 | | Federal Tax(24%) | $22,704,000 | | Additional Federal Tax | $12,258,330 | | State Tax(5.8%) | $5,486,800 | | Net Lumpsum Payment | $54,150,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,055,353 |
$1,090,811
$177,210 |
$1,787,332 |
| 2 |
$3,208,212 |
$1,147,369
$186,076 |
$1,874,767 |
| 3 |
$3,368,582 |
$1,206,706
$195,378 |
$1,966,498 |
| 4 |
$3,537,072 |
$1,269,047
$205,150 |
$2,062,875 |
| 5 |
$3,713,885 |
$1,334,468
$215,405 |
$2,164,012 |
| 6 |
$3,899,630 |
$1,403,193
$226,179 |
$2,270,258 |
| 7 |
$4,094,510 |
$1,475,299
$237,482 |
$2,381,729 |
| 8 |
$4,299,337 |
$1,551,085
$249,362 |
$2,498,890 |
| 9 |
$4,514,314 |
$1,630,627
$261,830 |
$2,621,857 |
| 10 |
$4,740,050 |
$1,714,149
$274,923 |
$2,750,978 |
| 11 |
$4,976,951 |
$1,801,802
$288,663 |
$2,886,486 |
| 12 |
$5,225,829 |
$1,893,887
$303,098 |
$3,028,844 |
| 13 |
$5,487,090 |
$1,990,554
$318,251 |
$3,178,285 |
| 14 |
$5,761,546 |
$2,092,102
$334,170 |
$3,335,274 |
| 15 |
$6,049,603 |
$2,198,683
$350,877 |
$3,500,043 |
| 16 |
$6,352,073 |
$2,310,597
$368,420 |
$3,673,056 |
| 17 |
$6,669,565 |
$2,428,069
$386,835 |
$3,854,661 |
| 18 |
$7,003,094 |
$2,551,475
$406,179 |
$4,045,440 |
| 19 |
$7,353,269 |
$2,681,040
$426,490 |
$4,245,739 |
| 20 |
$7,720,902 |
$2,817,064
$447,812 |
$4,456,026 |
| 21 |
$8,107,008 |
$2,959,923
$470,206 |
$4,676,879 |
| 22 |
$8,512,399 |
$3,109,918
$493,719 |
$4,908,762 |
| 23 |
$8,937,887 |
$3,267,349
$518,397 |
$5,152,141 |
| 24 |
$9,384,893 |
$3,432,741
$544,324 |
$5,407,828 |
| 25 |
$9,854,026 |
$3,606,320
$571,534 |
$5,676,172 |
| 26 |
$10,346,910 |
$3,788,687
$600,121 |
$5,958,102 |
| 27 |
$10,864,154 |
$3,980,067
$630,121 |
$6,253,966 |
| 28 |
$11,407,382 |
$4,181,062
$661,628 |
$6,564,692 |
| 29 |
$11,977,812 |
$4,392,121
$694,713 |
$6,890,978 |
| 30 |
$12,576,662 |
$4,613,695
$729,446 |
$7,233,521 |
|
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