The jackpot for the Powerball draw on Sat Apr 19, 2025, is projected to be $131 Million, with an option for a cash payout of $58.6 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 Apr 19, 2025 |
|---|
| Draw Date | Sat Apr 19, 2025 | | Projected Jackpot | $131,000,000 | | Cash Value | $58,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $58,600,000 | | Federal Tax(24%) | $14,064,000 | | Additional Federal Tax | $7,578,330 | | State Tax(5.8%) | $3,398,800 | | Net Lumpsum Payment | $33,558,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$114,357 |
$1,167,472 |
| 2 |
$2,070,324 |
$726,350
$120,079 |
$1,223,895 |
| 3 |
$2,173,814 |
$764,642
$126,081 |
$1,283,091 |
| 4 |
$2,282,544 |
$804,872
$132,388 |
$1,345,284 |
| 5 |
$2,396,645 |
$847,089
$139,005 |
$1,410,551 |
| 6 |
$2,516,510 |
$891,439
$145,958 |
$1,479,113 |
| 7 |
$2,642,270 |
$937,970
$153,252 |
$1,551,048 |
| 8 |
$2,774,449 |
$986,877
$160,918 |
$1,626,654 |
| 9 |
$2,913,178 |
$1,038,206
$168,964 |
$1,706,008 |
| 10 |
$3,058,850 |
$1,092,105
$177,413 |
$1,789,332 |
| 11 |
$3,211,727 |
$1,148,669
$186,280 |
$1,876,778 |
| 12 |
$3,372,333 |
$1,208,094
$195,595 |
$1,968,644 |
| 13 |
$3,540,930 |
$1,270,474
$205,374 |
$2,065,082 |
| 14 |
$3,718,042 |
$1,336,006
$215,646 |
$2,166,390 |
| 15 |
$3,903,931 |
$1,404,785
$226,428 |
$2,272,718 |
| 16 |
$4,099,121 |
$1,477,005
$237,749 |
$2,384,367 |
| 17 |
$4,304,005 |
$1,552,812
$249,632 |
$2,501,561 |
| 18 |
$4,519,238 |
$1,632,448
$262,116 |
$2,624,674 |
| 19 |
$4,745,213 |
$1,716,059
$275,222 |
$2,753,932 |
| 20 |
$4,982,454 |
$1,803,838
$288,982 |
$2,889,634 |
| 21 |
$5,231,616 |
$1,896,028
$303,434 |
$3,032,154 |
| 22 |
$5,493,223 |
$1,992,823
$318,607 |
$3,181,793 |
| 23 |
$5,767,799 |
$2,094,416
$334,532 |
$3,338,851 |
| 24 |
$6,056,261 |
$2,201,147
$351,263 |
$3,503,851 |
| 25 |
$6,359,002 |
$2,313,161
$368,822 |
$3,677,019 |
| 26 |
$6,677,070 |
$2,430,846
$387,270 |
$3,858,954 |
| 27 |
$7,010,858 |
$2,554,348
$406,630 |
$4,049,880 |
| 28 |
$7,361,414 |
$2,684,054
$426,962 |
$4,250,398 |
| 29 |
$7,729,524 |
$2,820,254
$448,312 |
$4,460,958 |
| 30 |
$8,115,974 |
$2,963,241
$470,726 |
$4,682,007 |
|
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