The jackpot for the Powerball draw on Mon Apr 13, 2026, is projected to be $45 Million, with an option for a cash payout of $20.5 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 Mon Apr 13, 2026 |
|---|
| Draw Date | Mon Apr 13, 2026 | | Projected Jackpot | $45,000,000 | | Cash Value | $20,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,500,000 | | Federal Tax(24%) | $4,920,000 | | Additional Federal Tax | $2,625,330 | | State Tax(5.8%) | $1,189,000 | | Net Lumpsum Payment | $11,765,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$39,283 |
$427,082 |
| 2 |
$711,180 |
$223,467
$41,248 |
$446,465 |
| 3 |
$746,730 |
$236,620
$43,310 |
$466,800 |
| 4 |
$784,080 |
$250,440
$45,477 |
$488,163 |
| 5 |
$823,275 |
$264,942
$47,750 |
$510,583 |
| 6 |
$864,450 |
$280,177
$50,138 |
$534,135 |
| 7 |
$907,650 |
$296,161
$52,644 |
$558,845 |
| 8 |
$953,055 |
$312,961
$55,277 |
$584,817 |
| 9 |
$1,000,710 |
$330,593
$58,041 |
$612,076 |
| 10 |
$1,050,750 |
$349,108
$60,944 |
$640,698 |
| 11 |
$1,103,265 |
$368,538
$63,989 |
$670,738 |
| 12 |
$1,158,435 |
$388,951
$67,189 |
$702,295 |
| 13 |
$1,216,350 |
$410,380
$70,548 |
$735,422 |
| 14 |
$1,277,190 |
$432,891
$74,077 |
$770,222 |
| 15 |
$1,341,045 |
$456,517
$77,781 |
$806,747 |
| 16 |
$1,408,095 |
$481,326
$81,670 |
$845,099 |
| 17 |
$1,478,475 |
$507,366
$85,752 |
$885,357 |
| 18 |
$1,552,410 |
$534,722
$90,040 |
$927,648 |
| 19 |
$1,630,035 |
$563,443
$94,542 |
$972,050 |
| 20 |
$1,711,530 |
$593,596
$99,269 |
$1,018,665 |
| 21 |
$1,797,120 |
$625,265
$104,233 |
$1,067,622 |
| 22 |
$1,886,985 |
$658,515
$109,445 |
$1,119,025 |
| 23 |
$1,981,305 |
$693,413
$114,916 |
$1,172,976 |
| 24 |
$2,080,395 |
$730,077
$120,663 |
$1,229,655 |
| 25 |
$2,184,390 |
$768,555
$126,695 |
$1,289,140 |
| 26 |
$2,293,650 |
$808,981
$133,032 |
$1,351,637 |
| 27 |
$2,408,310 |
$851,405
$139,682 |
$1,417,223 |
| 28 |
$2,528,730 |
$895,960
$146,666 |
$1,486,104 |
| 29 |
$2,655,180 |
$942,747
$154,000 |
$1,558,433 |
| 30 |
$2,787,930 |
$991,864
$161,700 |
$1,634,366 |
|
|
