The jackpot for the Powerball draw on Wed Jul 1, 2026, is projected to be $375 Million, with an option for a cash payout of $170.6 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 Wed Jul 1, 2026 |
|---|
| Draw Date | Wed Jul 1, 2026 | | Projected Jackpot | $375,000,000 | | Cash Value | $170,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $170,600,000 | | Federal Tax(24%) | $40,944,000 | | Additional Federal Tax | $22,138,330 | | State Tax(5.8%) | $9,894,800 | | Net Lumpsum Payment | $97,622,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,644,125 |
$2,048,657
$327,359 |
$3,268,109 |
| 2 |
$5,926,500 |
$2,153,135
$343,737 |
$3,429,628 |
| 3 |
$6,222,750 |
$2,262,748
$360,920 |
$3,599,082 |
| 4 |
$6,534,000 |
$2,377,910
$378,972 |
$3,777,118 |
| 5 |
$6,860,625 |
$2,498,762
$397,916 |
$3,963,947 |
| 6 |
$7,203,750 |
$2,625,718
$417,818 |
$4,160,214 |
| 7 |
$7,563,750 |
$2,758,918
$438,698 |
$4,366,134 |
| 8 |
$7,942,125 |
$2,898,917
$460,643 |
$4,582,565 |
| 9 |
$8,339,250 |
$3,045,853
$483,677 |
$4,809,720 |
| 10 |
$8,756,250 |
$3,200,143
$507,863 |
$5,048,244 |
| 11 |
$9,193,875 |
$3,362,064
$533,245 |
$5,298,566 |
| 12 |
$9,653,625 |
$3,532,172
$559,910 |
$5,561,543 |
| 13 |
$10,136,250 |
$3,710,743
$587,903 |
$5,837,604 |
| 14 |
$10,643,250 |
$3,898,333
$617,309 |
$6,127,608 |
| 15 |
$11,175,375 |
$4,095,219
$648,172 |
$6,431,984 |
| 16 |
$11,734,125 |
$4,301,957
$680,579 |
$6,751,589 |
| 17 |
$12,320,625 |
$4,518,962
$714,596 |
$7,087,067 |
| 18 |
$12,936,750 |
$4,746,928
$750,332 |
$7,439,490 |
| 19 |
$13,583,625 |
$4,986,272
$787,850 |
$7,809,503 |
| 20 |
$14,262,750 |
$5,237,548
$827,240 |
$8,197,962 |
| 21 |
$14,976,000 |
$5,501,450
$868,608 |
$8,605,942 |
| 22 |
$15,724,875 |
$5,778,534
$912,043 |
$9,034,298 |
| 23 |
$16,510,875 |
$6,069,354
$957,631 |
$9,483,890 |
| 24 |
$17,336,625 |
$6,374,882
$1,005,524 |
$9,956,219 |
| 25 |
$18,203,250 |
$6,695,533
$1,055,789 |
$10,451,928 |
| 26 |
$19,113,750 |
$7,032,418
$1,108,598 |
$10,972,734 |
| 27 |
$20,069,250 |
$7,385,953
$1,164,017 |
$11,519,280 |
| 28 |
$21,072,750 |
$7,757,248
$1,222,220 |
$12,093,282 |
| 29 |
$22,126,500 |
$8,147,135
$1,283,337 |
$12,696,028 |
| 30 |
$23,232,750 |
$8,556,448
$1,347,500 |
$13,328,802 |
|
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