The jackpot for the Powerball draw on Mon Feb 2, 2026, is projected to be $65 Million, with an option for a cash payout of $29.4 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 Feb 2, 2026 |
|---|
| Draw Date | Mon Feb 2, 2026 | | Projected Jackpot | $65,000,000 | | Cash Value | $29,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,400,000 | | Federal Tax(24%) | $7,056,000 | | Additional Federal Tax | $3,782,330 | | State Tax(5.8%) | $1,705,200 | | Net Lumpsum Payment | $16,856,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$56,742 |
$599,266 |
| 2 |
$1,027,260 |
$340,417
$59,581 |
$627,262 |
| 3 |
$1,078,610 |
$359,416
$62,559 |
$656,635 |
| 4 |
$1,132,560 |
$379,378
$65,688 |
$687,494 |
| 5 |
$1,189,175 |
$400,325
$68,972 |
$719,878 |
| 6 |
$1,248,650 |
$422,331
$72,422 |
$753,897 |
| 7 |
$1,311,050 |
$445,419
$76,041 |
$789,590 |
| 8 |
$1,376,635 |
$469,685
$79,845 |
$827,105 |
| 9 |
$1,445,470 |
$495,154
$83,837 |
$866,479 |
| 10 |
$1,517,750 |
$521,898
$88,030 |
$907,822 |
| 11 |
$1,593,605 |
$549,964
$92,429 |
$951,212 |
| 12 |
$1,673,295 |
$579,450
$97,051 |
$996,794 |
| 13 |
$1,756,950 |
$610,402
$101,903 |
$1,044,645 |
| 14 |
$1,844,830 |
$642,917
$107,000 |
$1,094,913 |
| 15 |
$1,937,065 |
$677,044
$112,350 |
$1,147,671 |
| 16 |
$2,033,915 |
$712,879
$117,967 |
$1,203,069 |
| 17 |
$2,135,575 |
$750,493
$123,863 |
$1,261,219 |
| 18 |
$2,242,370 |
$790,007
$130,057 |
$1,322,306 |
| 19 |
$2,354,495 |
$831,494
$136,561 |
$1,386,440 |
| 20 |
$2,472,210 |
$875,048
$143,388 |
$1,453,774 |
| 21 |
$2,595,840 |
$920,791
$150,559 |
$1,524,490 |
| 22 |
$2,725,645 |
$968,819
$158,087 |
$1,598,739 |
| 23 |
$2,861,885 |
$1,019,228
$165,989 |
$1,676,668 |
| 24 |
$3,005,015 |
$1,072,186
$174,291 |
$1,758,538 |
| 25 |
$3,155,230 |
$1,127,765
$183,003 |
$1,844,462 |
| 26 |
$3,313,050 |
$1,186,159
$192,157 |
$1,934,734 |
| 27 |
$3,478,670 |
$1,247,438
$201,763 |
$2,029,469 |
| 28 |
$3,652,610 |
$1,311,796
$211,851 |
$2,128,963 |
| 29 |
$3,835,260 |
$1,379,377
$222,445 |
$2,233,438 |
| 30 |
$4,027,010 |
$1,450,324
$233,567 |
$2,343,119 |
|
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