The jackpot for the Powerball draw on Mon Jun 23, 2025, is projected to be $128 Million, with an option for a cash payout of $57.6 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 Mon Jun 23, 2025 |
|---|
| Draw Date | Mon Jun 23, 2025 | | Projected Jackpot | $128,000,000 | | Cash Value | $57,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,600,000 | | Federal Tax(24%) | $13,824,000 | | Additional Federal Tax | $7,448,330 | | State Tax(5.8%) | $3,340,800 | | Net Lumpsum Payment | $32,986,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,926,528 |
$673,146
$111,739 |
$1,141,643 |
| 2 |
$2,022,912 |
$708,808
$117,329 |
$1,196,775 |
| 3 |
$2,124,032 |
$746,222
$123,194 |
$1,254,616 |
| 4 |
$2,230,272 |
$785,531
$129,356 |
$1,315,385 |
| 5 |
$2,341,760 |
$826,782
$135,822 |
$1,379,156 |
| 6 |
$2,458,880 |
$870,116
$142,615 |
$1,446,149 |
| 7 |
$2,581,760 |
$915,582
$149,742 |
$1,516,436 |
| 8 |
$2,710,912 |
$963,368
$157,233 |
$1,590,311 |
| 9 |
$2,846,464 |
$1,013,522
$165,095 |
$1,667,847 |
| 10 |
$2,988,800 |
$1,066,186
$173,350 |
$1,749,264 |
| 11 |
$3,138,176 |
$1,121,456
$182,014 |
$1,834,706 |
| 12 |
$3,295,104 |
$1,179,519
$191,116 |
$1,924,469 |
| 13 |
$3,459,840 |
$1,240,471
$200,671 |
$2,018,698 |
| 14 |
$3,632,896 |
$1,304,502
$210,708 |
$2,117,686 |
| 15 |
$3,814,528 |
$1,371,706
$221,243 |
$2,221,579 |
| 16 |
$4,005,248 |
$1,442,272
$232,304 |
$2,330,672 |
| 17 |
$4,205,440 |
$1,516,343
$243,916 |
$2,445,181 |
| 18 |
$4,415,744 |
$1,594,156
$256,113 |
$2,565,475 |
| 19 |
$4,636,544 |
$1,675,852
$268,920 |
$2,691,772 |
| 20 |
$4,868,352 |
$1,761,621
$282,364 |
$2,824,367 |
| 21 |
$5,111,808 |
$1,851,699
$296,485 |
$2,963,624 |
| 22 |
$5,367,424 |
$1,946,277
$311,311 |
$3,109,836 |
| 23 |
$5,635,712 |
$2,045,544
$326,871 |
$3,263,297 |
| 24 |
$5,917,568 |
$2,149,831
$343,219 |
$3,424,518 |
| 25 |
$6,213,376 |
$2,259,280
$360,376 |
$3,593,720 |
| 26 |
$6,524,160 |
$2,374,270
$378,401 |
$3,771,489 |
| 27 |
$6,850,304 |
$2,494,943
$397,318 |
$3,958,043 |
| 28 |
$7,192,832 |
$2,621,678
$417,184 |
$4,153,970 |
| 29 |
$7,552,512 |
$2,754,760
$438,046 |
$4,359,706 |
| 30 |
$7,930,112 |
$2,894,472
$459,946 |
$4,575,694 |
|
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