The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 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 Wed Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(5.8%) | $3,671,400 | | Net Lumpsum Payment | $36,247,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$127,452 |
$1,296,609 |
| 2 |
$2,307,384 |
$814,062
$133,828 |
$1,359,494 |
| 3 |
$2,422,724 |
$856,738
$140,518 |
$1,425,468 |
| 4 |
$2,543,904 |
$901,575
$147,546 |
$1,494,783 |
| 5 |
$2,671,070 |
$948,626
$154,922 |
$1,567,522 |
| 6 |
$2,804,660 |
$998,055
$162,670 |
$1,643,935 |
| 7 |
$2,944,820 |
$1,049,914
$170,800 |
$1,724,106 |
| 8 |
$3,092,134 |
$1,104,420
$179,344 |
$1,808,370 |
| 9 |
$3,246,748 |
$1,161,627
$188,311 |
$1,896,810 |
| 10 |
$3,409,100 |
$1,221,697
$197,728 |
$1,989,675 |
| 11 |
$3,579,482 |
$1,284,739
$207,610 |
$2,087,133 |
| 12 |
$3,758,478 |
$1,350,967
$217,992 |
$2,189,519 |
| 13 |
$3,946,380 |
$1,420,491
$228,890 |
$2,296,999 |
| 14 |
$4,143,772 |
$1,493,526
$240,339 |
$2,409,907 |
| 15 |
$4,350,946 |
$1,570,180
$252,355 |
$2,528,411 |
| 16 |
$4,568,486 |
$1,650,670
$264,972 |
$2,652,844 |
| 17 |
$4,796,830 |
$1,735,157
$278,216 |
$2,783,457 |
| 18 |
$5,036,708 |
$1,823,912
$292,129 |
$2,920,667 |
| 19 |
$5,288,558 |
$1,917,097
$306,736 |
$3,064,725 |
| 20 |
$5,552,964 |
$2,014,927
$322,072 |
$3,215,965 |
| 21 |
$5,830,656 |
$2,117,673
$338,178 |
$3,374,805 |
| 22 |
$6,122,218 |
$2,225,551
$355,089 |
$3,541,578 |
| 23 |
$6,428,234 |
$2,338,777
$372,838 |
$3,716,619 |
| 24 |
$6,749,726 |
$2,457,729
$391,484 |
$3,900,513 |
| 25 |
$7,087,132 |
$2,582,569
$411,054 |
$4,093,509 |
| 26 |
$7,441,620 |
$2,713,730
$431,614 |
$4,296,276 |
| 27 |
$7,813,628 |
$2,851,373
$453,190 |
$4,509,065 |
| 28 |
$8,204,324 |
$2,995,930
$475,851 |
$4,732,543 |
| 29 |
$8,614,584 |
$3,147,726
$499,646 |
$4,967,212 |
| 30 |
$9,045,284 |
$3,307,085
$524,626 |
$5,213,573 |
|
|
