The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(5.8%) | $5,051,800 | | Net Lumpsum Payment | $49,860,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$169,354 |
$1,709,849 |
| 2 |
$3,065,976 |
$1,094,742
$177,827 |
$1,793,407 |
| 3 |
$3,219,236 |
$1,151,448
$186,716 |
$1,881,072 |
| 4 |
$3,380,256 |
$1,211,025
$196,055 |
$1,973,176 |
| 5 |
$3,549,230 |
$1,273,545
$205,855 |
$2,069,830 |
| 6 |
$3,726,740 |
$1,339,224
$216,151 |
$2,171,365 |
| 7 |
$3,912,980 |
$1,408,133
$226,953 |
$2,277,894 |
| 8 |
$4,108,726 |
$1,480,559
$238,306 |
$2,389,861 |
| 9 |
$4,314,172 |
$1,556,574
$250,222 |
$2,507,376 |
| 10 |
$4,529,900 |
$1,636,393
$262,734 |
$2,630,773 |
| 11 |
$4,756,298 |
$1,720,161
$275,865 |
$2,760,272 |
| 12 |
$4,994,142 |
$1,808,163
$289,660 |
$2,896,319 |
| 13 |
$5,243,820 |
$1,900,544
$304,142 |
$3,039,134 |
| 14 |
$5,506,108 |
$1,997,590
$319,354 |
$3,189,164 |
| 15 |
$5,781,394 |
$2,099,446
$335,321 |
$3,346,627 |
| 16 |
$6,070,454 |
$2,206,398
$352,086 |
$3,511,970 |
| 17 |
$6,373,870 |
$2,318,662
$369,684 |
$3,685,524 |
| 18 |
$6,692,612 |
$2,436,597
$388,171 |
$3,867,844 |
| 19 |
$7,027,262 |
$2,560,417
$407,581 |
$4,059,264 |
| 20 |
$7,378,596 |
$2,690,411
$427,959 |
$4,260,226 |
| 21 |
$7,747,584 |
$2,826,936
$449,360 |
$4,471,288 |
| 22 |
$8,135,002 |
$2,970,281
$471,830 |
$4,692,891 |
| 23 |
$8,541,626 |
$3,120,732
$495,414 |
$4,925,480 |
| 24 |
$8,968,814 |
$3,278,792
$520,191 |
$5,169,831 |
| 25 |
$9,417,148 |
$3,444,675
$546,195 |
$5,426,278 |
| 26 |
$9,888,180 |
$3,618,957
$573,514 |
$5,695,709 |
| 27 |
$10,382,492 |
$3,801,852
$602,185 |
$5,978,455 |
| 28 |
$10,901,636 |
$3,993,936
$632,295 |
$6,275,405 |
| 29 |
$11,446,776 |
$4,195,638
$663,913 |
$6,587,225 |
| 30 |
$12,019,076 |
$4,407,389
$697,106 |
$6,914,581 |
|
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