The jackpot for the Powerball draw on Sat May 10, 2025, is projected to be $82 Million, with an option for a cash payout of $37.7 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 Sat May 10, 2025 |
|---|
| Draw Date | Sat May 10, 2025 | | Projected Jackpot | $82,000,000 | | Cash Value | $37,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,700,000 | | Federal Tax(24%) | $9,048,000 | | Additional Federal Tax | $4,861,330 | | State Tax(5.8%) | $2,186,600 | | Net Lumpsum Payment | $21,604,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,234,182 |
$416,978
$71,583 |
$745,621 |
| 2 |
$1,295,928 |
$439,824
$75,164 |
$780,940 |
| 3 |
$1,360,708 |
$463,792
$78,921 |
$817,995 |
| 4 |
$1,428,768 |
$488,975
$82,869 |
$856,924 |
| 5 |
$1,500,190 |
$515,401
$87,011 |
$897,778 |
| 6 |
$1,575,220 |
$543,162
$91,363 |
$940,695 |
| 7 |
$1,653,940 |
$572,288
$95,929 |
$985,723 |
| 8 |
$1,736,678 |
$602,901
$100,727 |
$1,033,050 |
| 9 |
$1,823,516 |
$635,031
$105,764 |
$1,082,721 |
| 10 |
$1,914,700 |
$668,769
$111,053 |
$1,134,878 |
| 11 |
$2,010,394 |
$704,176
$116,603 |
$1,189,615 |
| 12 |
$2,110,926 |
$741,373
$122,434 |
$1,247,119 |
| 13 |
$2,216,460 |
$780,421
$128,555 |
$1,307,484 |
| 14 |
$2,327,324 |
$821,440
$134,985 |
$1,370,899 |
| 15 |
$2,443,682 |
$864,493
$141,734 |
$1,437,455 |
| 16 |
$2,565,862 |
$909,699
$148,820 |
$1,507,343 |
| 17 |
$2,694,110 |
$957,151
$156,258 |
$1,580,701 |
| 18 |
$2,828,836 |
$1,007,000
$164,072 |
$1,657,764 |
| 19 |
$2,970,286 |
$1,059,336
$172,277 |
$1,738,673 |
| 20 |
$3,118,788 |
$1,114,282
$180,890 |
$1,823,616 |
| 21 |
$3,274,752 |
$1,171,989
$189,936 |
$1,912,827 |
| 22 |
$3,438,506 |
$1,232,578
$199,433 |
$2,006,495 |
| 23 |
$3,610,378 |
$1,296,170
$209,402 |
$2,104,806 |
| 24 |
$3,790,942 |
$1,362,979
$219,875 |
$2,208,088 |
| 25 |
$3,980,444 |
$1,433,095
$230,866 |
$2,316,483 |
| 26 |
$4,179,540 |
$1,506,760
$242,413 |
$2,430,367 |
| 27 |
$4,388,476 |
$1,584,067
$254,532 |
$2,549,877 |
| 28 |
$4,607,908 |
$1,665,256
$267,259 |
$2,675,393 |
| 29 |
$4,838,328 |
$1,750,512
$280,623 |
$2,807,193 |
| 30 |
$5,080,228 |
$1,840,015
$294,653 |
$2,945,560 |
|
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