The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $294,700,000 | | Federal Tax(24%) | $70,728,000 | | Additional Federal Tax | $38,271,330 | | State Tax(5.8%) | $17,092,600 | | Net Lumpsum Payment | $168,608,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,340,037 |
$3,786,144
$599,722 |
$5,954,171 |
| 2 |
$10,857,348 |
$3,977,549
$629,726 |
$6,250,073 |
| 3 |
$11,400,078 |
$4,178,359
$661,205 |
$6,560,514 |
| 4 |
$11,970,288 |
$4,389,337
$694,277 |
$6,886,674 |
| 5 |
$12,568,665 |
$4,610,736
$728,983 |
$7,228,946 |
| 6 |
$13,197,270 |
$4,843,320
$765,442 |
$7,588,508 |
| 7 |
$13,856,790 |
$5,087,343
$803,694 |
$7,965,753 |
| 8 |
$14,549,973 |
$5,343,820
$843,898 |
$8,362,255 |
| 9 |
$15,277,506 |
$5,613,008
$886,095 |
$8,778,403 |
| 10 |
$16,041,450 |
$5,895,667
$930,404 |
$9,215,379 |
| 11 |
$16,843,179 |
$6,192,307
$976,904 |
$9,673,968 |
| 12 |
$17,685,441 |
$6,503,944
$1,025,756 |
$10,155,741 |
| 13 |
$18,569,610 |
$6,831,086
$1,077,037 |
$10,661,487 |
| 14 |
$19,498,434 |
$7,174,751
$1,130,909 |
$11,192,774 |
| 15 |
$20,473,287 |
$7,535,447
$1,187,451 |
$11,750,389 |
| 16 |
$21,496,917 |
$7,914,190
$1,246,821 |
$12,335,906 |
| 17 |
$22,571,385 |
$8,311,743
$1,309,140 |
$12,950,502 |
| 18 |
$23,700,126 |
$8,729,377
$1,374,607 |
$13,596,142 |
| 19 |
$24,885,201 |
$9,167,855
$1,443,342 |
$14,274,004 |
| 20 |
$26,129,358 |
$9,628,193
$1,515,503 |
$14,985,662 |
| 21 |
$27,436,032 |
$10,111,662
$1,591,290 |
$15,733,080 |
| 22 |
$28,807,971 |
$10,619,280
$1,670,862 |
$16,517,829 |
| 23 |
$30,247,923 |
$11,152,062
$1,754,380 |
$17,341,481 |
| 24 |
$31,760,697 |
$11,711,788
$1,842,120 |
$18,206,789 |
| 25 |
$33,348,354 |
$12,299,221
$1,934,205 |
$19,114,928 |
| 26 |
$35,016,390 |
$12,916,395
$2,030,951 |
$20,069,044 |
| 27 |
$36,766,866 |
$13,564,071
$2,132,478 |
$21,070,317 |
| 28 |
$38,605,278 |
$14,244,283
$2,239,106 |
$22,121,889 |
| 29 |
$40,535,748 |
$14,958,557
$2,351,073 |
$23,226,118 |
| 30 |
$42,562,398 |
$15,708,418
$2,468,619 |
$24,385,361 |
|
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