The jackpot for the Powerball draw on Wed Oct 21, 2026, is projected to be $635 Million, with an option for a cash payout of $267.5 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 Oct 21, 2026 |
|---|
| Draw Date | Wed Oct 21, 2026 | | Projected Jackpot | $635,000,000 | | Cash Value | $267,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $267,500,000 | | Federal Tax(24%) | $64,200,000 | | Additional Federal Tax | $34,735,330 | | State Tax(5.8%) | $15,515,000 | | Net Lumpsum Payment | $153,049,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,557,385 |
$3,496,563
$554,328 |
$5,506,494 |
| 2 |
$10,035,540 |
$3,673,480
$582,061 |
$5,779,999 |
| 3 |
$10,537,190 |
$3,859,091
$611,157 |
$6,066,942 |
| 4 |
$11,064,240 |
$4,054,099
$641,726 |
$6,368,415 |
| 5 |
$11,617,325 |
$4,258,741
$673,805 |
$6,684,779 |
| 6 |
$12,198,350 |
$4,473,720
$707,504 |
$7,017,126 |
| 7 |
$12,807,950 |
$4,699,272
$742,861 |
$7,365,817 |
| 8 |
$13,448,665 |
$4,936,336
$780,023 |
$7,732,306 |
| 9 |
$14,121,130 |
$5,185,148
$819,026 |
$8,116,956 |
| 10 |
$14,827,250 |
$5,446,413
$859,981 |
$8,520,856 |
| 11 |
$15,568,295 |
$5,720,600
$902,961 |
$8,944,734 |
| 12 |
$16,346,805 |
$6,008,648
$948,115 |
$9,390,042 |
| 13 |
$17,164,050 |
$6,311,029
$995,515 |
$9,857,506 |
| 14 |
$18,022,570 |
$6,628,681
$1,045,309 |
$10,348,580 |
| 15 |
$18,923,635 |
$6,962,075
$1,097,571 |
$10,863,989 |
| 16 |
$19,869,785 |
$7,312,151
$1,152,448 |
$11,405,186 |
| 17 |
$20,862,925 |
$7,679,613
$1,210,050 |
$11,973,262 |
| 18 |
$21,906,230 |
$8,065,635
$1,270,561 |
$12,570,034 |
| 19 |
$23,001,605 |
$8,470,924
$1,334,093 |
$13,196,588 |
| 20 |
$24,151,590 |
$8,896,419
$1,400,792 |
$13,854,379 |
| 21 |
$25,359,360 |
$9,343,294
$1,470,843 |
$14,545,223 |
| 22 |
$26,627,455 |
$9,812,489
$1,544,392 |
$15,270,574 |
| 23 |
$27,958,415 |
$10,304,944
$1,621,588 |
$16,031,883 |
| 24 |
$29,356,685 |
$10,822,304
$1,702,688 |
$16,831,693 |
| 25 |
$30,824,170 |
$11,365,273
$1,787,802 |
$17,671,095 |
| 26 |
$32,365,950 |
$11,935,732
$1,877,225 |
$18,552,993 |
| 27 |
$33,983,930 |
$12,534,384
$1,971,068 |
$19,478,478 |
| 28 |
$35,683,190 |
$13,163,111
$2,069,625 |
$20,450,454 |
| 29 |
$37,467,540 |
$13,823,320
$2,173,117 |
$21,471,103 |
| 30 |
$39,340,790 |
$14,516,423
$2,281,766 |
$22,542,601 |
|
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