The jackpot for the Powerball draw on Mon May 12, 2025, is projected to be $93 Million, with an option for a cash payout of $42.3 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 May 12, 2025 |
|---|
| Draw Date | Mon May 12, 2025 | | Projected Jackpot | $93,000,000 | | Cash Value | $42,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,300,000 | | Federal Tax(24%) | $10,152,000 | | Additional Federal Tax | $5,459,330 | | State Tax(5.8%) | $2,453,400 | | Net Lumpsum Payment | $24,235,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,399,743 |
$478,235
$81,185 |
$840,323 |
| 2 |
$1,469,772 |
$504,146
$85,247 |
$880,379 |
| 3 |
$1,543,242 |
$531,330
$89,508 |
$922,404 |
| 4 |
$1,620,432 |
$559,890
$93,985 |
$966,557 |
| 5 |
$1,701,435 |
$589,861
$98,683 |
$1,012,891 |
| 6 |
$1,786,530 |
$621,346
$103,619 |
$1,061,565 |
| 7 |
$1,875,810 |
$654,380
$108,797 |
$1,112,633 |
| 8 |
$1,969,647 |
$689,100
$114,240 |
$1,166,307 |
| 9 |
$2,068,134 |
$725,540
$119,952 |
$1,222,642 |
| 10 |
$2,171,550 |
$763,804
$125,950 |
$1,281,796 |
| 11 |
$2,280,081 |
$803,960
$132,245 |
$1,343,876 |
| 12 |
$2,394,099 |
$846,147
$138,858 |
$1,409,094 |
| 13 |
$2,513,790 |
$890,433
$145,800 |
$1,477,557 |
| 14 |
$2,639,526 |
$936,955
$153,093 |
$1,549,478 |
| 15 |
$2,771,493 |
$985,783
$160,747 |
$1,624,963 |
| 16 |
$2,910,063 |
$1,037,054
$168,784 |
$1,704,225 |
| 17 |
$3,055,515 |
$1,090,871
$177,220 |
$1,787,424 |
| 18 |
$3,208,314 |
$1,147,407
$186,082 |
$1,874,825 |
| 19 |
$3,368,739 |
$1,206,764
$195,387 |
$1,966,588 |
| 20 |
$3,537,162 |
$1,269,080
$205,155 |
$2,062,927 |
| 21 |
$3,714,048 |
$1,334,528
$215,415 |
$2,164,105 |
| 22 |
$3,899,769 |
$1,403,245
$226,187 |
$2,270,337 |
| 23 |
$4,094,697 |
$1,475,368
$237,492 |
$2,381,837 |
| 24 |
$4,299,483 |
$1,551,139
$249,370 |
$2,498,974 |
| 25 |
$4,514,406 |
$1,630,661
$261,836 |
$2,621,909 |
| 26 |
$4,740,210 |
$1,714,208
$274,932 |
$2,751,070 |
| 27 |
$4,977,174 |
$1,801,885
$288,676 |
$2,886,613 |
| 28 |
$5,226,042 |
$1,893,966
$303,110 |
$3,028,966 |
| 29 |
$5,487,372 |
$1,990,658
$318,268 |
$3,178,446 |
| 30 |
$5,761,722 |
$2,092,168
$334,180 |
$3,335,374 |
|
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