Jackpot Analysis Idaho Powerball

Jackpot Analysis for Idaho Powerball
The jackpot for the Powerball draw on Mon May 19, 2025, is projected to be $134 Million, with an option for a cash payout of $60.3 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 Mon May 19, 2025
Draw DateMon May 19, 2025
Projected Jackpot$134,000,000
Cash Value$60,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$60,300,000
Federal Tax(24%)$14,472,000
Additional Federal Tax$7,799,330
State Tax(5.8%)$3,497,400
Net Lumpsum Payment$34,531,270
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,016,834 $706,559
$116,976
$1,193,299
2 $2,117,736 $743,893
$122,829
$1,251,014
3 $2,223,596 $783,061
$128,969
$1,311,566
4 $2,334,816 $824,212
$135,419
$1,375,185
5 $2,451,530 $867,396
$142,189
$1,441,945
6 $2,574,140 $912,762
$149,300
$1,512,078
7 $2,702,780 $960,359
$156,761
$1,585,660
8 $2,837,986 $1,010,385
$164,603
$1,662,998
9 $2,979,892 $1,062,890
$172,834
$1,744,168
10 $3,128,900 $1,118,023
$181,476
$1,829,401
11 $3,285,278 $1,175,883
$190,546
$1,918,849
12 $3,449,562 $1,236,668
$200,075
$2,012,819
13 $3,622,020 $1,300,478
$210,077
$2,111,465
14 $3,803,188 $1,367,510
$220,585
$2,215,093
15 $3,993,334 $1,437,864
$231,613
$2,323,857
16 $4,192,994 $1,511,738
$243,194
$2,438,062
17 $4,402,570 $1,589,281
$255,349
$2,557,940
18 $4,622,732 $1,670,741
$268,118
$2,683,873
19 $4,853,882 $1,756,267
$281,525
$2,816,090
20 $5,096,556 $1,846,056
$295,600
$2,954,900
21 $5,351,424 $1,940,357
$310,383
$3,100,684
22 $5,619,022 $2,039,369
$325,903
$3,253,750
23 $5,899,886 $2,143,288
$342,193
$3,414,405
24 $6,194,954 $2,252,463
$359,307
$3,583,184
25 $6,504,628 $2,367,043
$377,268
$3,760,317
26 $6,829,980 $2,487,423
$396,139
$3,946,418
27 $7,171,412 $2,613,753
$415,942
$4,141,717
28 $7,529,996 $2,746,429
$436,740
$4,346,827
29 $7,906,536 $2,885,749
$458,579
$4,562,208
30 $8,301,836 $3,032,010
$481,506
$4,788,320