The jackpot for the Powerball draw on Sat Mar 14, 2026, is projected to be $75 Million, with an option for a cash payout of $34.6 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 Mar 14, 2026 |
|---|
| Draw Date | Sat Mar 14, 2026 | | Projected Jackpot | $75,000,000 | | Cash Value | $34,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,600,000 | | Federal Tax(24%) | $8,304,000 | | Additional Federal Tax | $4,458,330 | | State Tax(5.8%) | $2,006,800 | | Net Lumpsum Payment | $19,830,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,128,825 |
$377,996
$65,472 |
$685,357 |
| 2 |
$1,185,300 |
$398,891
$68,747 |
$717,662 |
| 3 |
$1,244,550 |
$420,814
$72,184 |
$751,552 |
| 4 |
$1,306,800 |
$443,846
$75,794 |
$787,160 |
| 5 |
$1,372,125 |
$468,017
$79,583 |
$824,525 |
| 6 |
$1,440,750 |
$493,408
$83,564 |
$863,778 |
| 7 |
$1,512,750 |
$520,048
$87,740 |
$904,962 |
| 8 |
$1,588,425 |
$548,048
$92,129 |
$948,248 |
| 9 |
$1,667,850 |
$577,435
$96,735 |
$993,680 |
| 10 |
$1,751,250 |
$608,293
$101,573 |
$1,041,384 |
| 11 |
$1,838,775 |
$640,677
$106,649 |
$1,091,449 |
| 12 |
$1,930,725 |
$674,699
$111,982 |
$1,144,044 |
| 13 |
$2,027,250 |
$710,413
$117,581 |
$1,199,256 |
| 14 |
$2,128,650 |
$747,931
$123,462 |
$1,257,257 |
| 15 |
$2,235,075 |
$787,308
$129,634 |
$1,318,133 |
| 16 |
$2,346,825 |
$828,656
$136,116 |
$1,382,053 |
| 17 |
$2,464,125 |
$872,057
$142,919 |
$1,449,149 |
| 18 |
$2,587,350 |
$917,650
$150,066 |
$1,519,634 |
| 19 |
$2,716,725 |
$965,519
$157,570 |
$1,593,636 |
| 20 |
$2,852,550 |
$1,015,774
$165,448 |
$1,671,328 |
| 21 |
$2,995,200 |
$1,068,554
$173,722 |
$1,752,924 |
| 22 |
$3,144,975 |
$1,123,971
$182,409 |
$1,838,595 |
| 23 |
$3,302,175 |
$1,182,135
$191,526 |
$1,928,514 |
| 24 |
$3,467,325 |
$1,243,241
$201,105 |
$2,022,979 |
| 25 |
$3,640,650 |
$1,307,371
$211,158 |
$2,122,121 |
| 26 |
$3,822,750 |
$1,374,748
$221,720 |
$2,226,282 |
| 27 |
$4,013,850 |
$1,445,455
$232,803 |
$2,335,592 |
| 28 |
$4,214,550 |
$1,519,714
$244,444 |
$2,450,392 |
| 29 |
$4,425,300 |
$1,597,691
$256,667 |
$2,570,942 |
| 30 |
$4,646,550 |
$1,679,554
$269,500 |
$2,697,496 |
|
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