The jackpot for the Powerball draw on Mon Sep 1, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $498.4 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 Sep 1, 2025 |
|---|
| Draw Date | Mon Sep 1, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $498,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $498,400,000 | | Federal Tax(24%) | $119,616,000 | | Additional Federal Tax | $64,752,330 | | State Tax(5.8%) | $28,907,200 | | Net Lumpsum Payment | $285,124,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$960,254 |
$9,509,759 |
| 2 |
$17,384,400 |
$6,392,558
$1,008,295 |
$9,983,547 |
| 3 |
$18,253,400 |
$6,714,088
$1,058,697 |
$10,480,615 |
| 4 |
$19,166,400 |
$7,051,898
$1,111,651 |
$11,002,851 |
| 5 |
$20,124,500 |
$7,406,395
$1,167,221 |
$11,550,884 |
| 6 |
$21,131,000 |
$7,778,800
$1,225,598 |
$12,126,602 |
| 7 |
$22,187,000 |
$8,169,520
$1,286,846 |
$12,730,634 |
| 8 |
$23,296,900 |
$8,580,183
$1,351,220 |
$13,365,497 |
| 9 |
$24,461,800 |
$9,011,196
$1,418,784 |
$14,031,820 |
| 10 |
$25,685,000 |
$9,463,780
$1,489,730 |
$14,731,490 |
| 11 |
$26,968,700 |
$9,938,749
$1,564,185 |
$15,465,766 |
| 12 |
$28,317,300 |
$10,437,731
$1,642,403 |
$16,237,166 |
| 13 |
$29,733,000 |
$10,961,540
$1,724,514 |
$17,046,946 |
| 14 |
$31,220,200 |
$11,511,804
$1,810,772 |
$17,897,624 |
| 15 |
$32,781,100 |
$12,089,337
$1,901,304 |
$18,790,459 |
| 16 |
$34,420,100 |
$12,695,767
$1,996,366 |
$19,727,967 |
| 17 |
$36,140,500 |
$13,332,315
$2,096,149 |
$20,712,036 |
| 18 |
$37,947,800 |
$14,001,016
$2,200,972 |
$21,745,812 |
| 19 |
$39,845,300 |
$14,703,091
$2,311,027 |
$22,831,182 |
| 20 |
$41,837,400 |
$15,440,168
$2,426,569 |
$23,970,663 |
| 21 |
$43,929,600 |
$16,214,282
$2,547,917 |
$25,167,401 |
| 22 |
$46,126,300 |
$17,027,061
$2,675,325 |
$26,423,914 |
| 23 |
$48,431,900 |
$17,880,133
$2,809,050 |
$27,742,717 |
| 24 |
$50,854,100 |
$18,776,347
$2,949,538 |
$29,128,215 |
| 25 |
$53,396,200 |
$19,716,924
$3,096,980 |
$30,582,296 |
| 26 |
$56,067,000 |
$20,705,120
$3,251,886 |
$32,109,994 |
| 27 |
$58,869,800 |
$21,742,156
$3,414,448 |
$33,713,196 |
| 28 |
$61,813,400 |
$22,831,288
$3,585,177 |
$35,396,935 |
| 29 |
$64,904,400 |
$23,974,958
$3,764,455 |
$37,164,987 |
| 30 |
$68,149,400 |
$25,175,608
$3,952,665 |
$39,021,127 |
|
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