The jackpot for the Powerball draw on Wed Aug 19, 2026, is projected to be $48 Million, with an option for a cash payout of $20.8 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 Aug 19, 2026 |
|---|
| Draw Date | Wed Aug 19, 2026 | | Projected Jackpot | $48,000,000 | | Cash Value | $20,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,800,000 | | Federal Tax(24%) | $4,992,000 | | Additional Federal Tax | $2,664,330 | | State Tax(5.8%) | $1,206,400 | | Net Lumpsum Payment | $11,937,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$722,448 |
$227,636
$41,902 |
$452,910 |
| 2 |
$758,592 |
$241,009
$43,998 |
$473,585 |
| 3 |
$796,512 |
$255,040
$46,198 |
$495,274 |
| 4 |
$836,352 |
$269,781
$48,508 |
$518,063 |
| 5 |
$878,160 |
$285,250
$50,933 |
$541,977 |
| 6 |
$922,080 |
$301,500
$53,481 |
$567,099 |
| 7 |
$968,160 |
$318,550
$56,153 |
$593,457 |
| 8 |
$1,016,592 |
$336,469
$58,962 |
$621,161 |
| 9 |
$1,067,424 |
$355,277
$61,911 |
$650,236 |
| 10 |
$1,120,800 |
$375,026
$65,006 |
$680,768 |
| 11 |
$1,176,816 |
$395,752
$68,255 |
$712,809 |
| 12 |
$1,235,664 |
$417,526
$71,669 |
$746,469 |
| 13 |
$1,297,440 |
$440,383
$75,252 |
$781,805 |
| 14 |
$1,362,336 |
$464,395
$79,015 |
$818,926 |
| 15 |
$1,430,448 |
$489,596
$82,966 |
$857,886 |
| 16 |
$1,501,968 |
$516,059
$87,114 |
$898,795 |
| 17 |
$1,577,040 |
$543,835
$91,468 |
$941,737 |
| 18 |
$1,655,904 |
$573,015
$96,042 |
$986,847 |
| 19 |
$1,738,704 |
$603,651
$100,845 |
$1,034,208 |
| 20 |
$1,825,632 |
$635,814
$105,887 |
$1,083,931 |
| 21 |
$1,916,928 |
$669,594
$111,182 |
$1,136,152 |
| 22 |
$2,012,784 |
$705,060
$116,741 |
$1,190,983 |
| 23 |
$2,113,392 |
$742,285
$122,577 |
$1,248,530 |
| 24 |
$2,219,088 |
$781,393
$128,707 |
$1,308,988 |
| 25 |
$2,330,016 |
$822,436
$135,141 |
$1,372,439 |
| 26 |
$2,446,560 |
$865,558
$141,900 |
$1,439,102 |
| 27 |
$2,568,864 |
$910,810
$148,994 |
$1,509,060 |
| 28 |
$2,697,312 |
$958,336
$156,444 |
$1,582,532 |
| 29 |
$2,832,192 |
$1,008,241
$164,267 |
$1,659,684 |
| 30 |
$2,973,792 |
$1,060,633
$172,480 |
$1,740,679 |
|
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