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 Date | Mon 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 |
|
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