The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(5.8%) | $10,451,600 | | Net Lumpsum Payment | $103,114,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$345,691 |
$3,448,902 |
| 2 |
$6,258,384 |
$2,275,932
$362,986 |
$3,619,466 |
| 3 |
$6,571,224 |
$2,391,683
$381,131 |
$3,798,410 |
| 4 |
$6,899,904 |
$2,513,295
$400,194 |
$3,986,415 |
| 5 |
$7,244,820 |
$2,640,914
$420,200 |
$4,183,706 |
| 6 |
$7,607,160 |
$2,774,980
$441,215 |
$4,390,965 |
| 7 |
$7,987,320 |
$2,915,639
$463,265 |
$4,608,416 |
| 8 |
$8,386,884 |
$3,063,477
$486,439 |
$4,836,968 |
| 9 |
$8,806,248 |
$3,218,642
$510,762 |
$5,076,844 |
| 10 |
$9,246,600 |
$3,381,572
$536,303 |
$5,328,725 |
| 11 |
$9,708,732 |
$3,552,561
$563,106 |
$5,593,065 |
| 12 |
$10,194,228 |
$3,732,195
$591,265 |
$5,870,768 |
| 13 |
$10,703,880 |
$3,920,766
$620,825 |
$6,162,289 |
| 14 |
$11,239,272 |
$4,118,861
$651,878 |
$6,468,533 |
| 15 |
$11,801,196 |
$4,326,773
$684,469 |
$6,789,954 |
| 16 |
$12,391,236 |
$4,545,088
$718,692 |
$7,127,456 |
| 17 |
$13,010,580 |
$4,774,245
$754,614 |
$7,481,721 |
| 18 |
$13,661,208 |
$5,014,977
$792,350 |
$7,853,881 |
| 19 |
$14,344,308 |
$5,267,724
$831,970 |
$8,244,614 |
| 20 |
$15,061,464 |
$5,533,072
$873,565 |
$8,654,827 |
| 21 |
$15,814,656 |
$5,811,753
$917,250 |
$9,085,653 |
| 22 |
$16,605,468 |
$6,104,354
$963,117 |
$9,537,997 |
| 23 |
$17,435,484 |
$6,411,459
$1,011,258 |
$10,012,767 |
| 24 |
$18,307,476 |
$6,734,097
$1,061,834 |
$10,511,545 |
| 25 |
$19,222,632 |
$7,072,704
$1,114,913 |
$11,035,015 |
| 26 |
$20,184,120 |
$7,428,455
$1,170,679 |
$11,584,986 |
| 27 |
$21,193,128 |
$7,801,788
$1,229,201 |
$12,162,139 |
| 28 |
$22,252,824 |
$8,193,875
$1,290,664 |
$12,768,285 |
| 29 |
$23,365,584 |
$8,605,596
$1,355,204 |
$13,404,784 |
| 30 |
$24,533,784 |
$9,037,830
$1,422,959 |
$14,072,995 |
|
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