The jackpot for the Powerball draw on Wed Sep 30, 2026, is projected to be $409 Million, with an option for a cash payout of $170.2 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 Sep 30, 2026 |
|---|
| Draw Date | Wed Sep 30, 2026 | | Projected Jackpot | $409,000,000 | | Cash Value | $170,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $170,200,000 | | Federal Tax(24%) | $40,848,000 | | Additional Federal Tax | $22,086,330 | | State Tax(5.8%) | $9,871,600 | | Net Lumpsum Payment | $97,394,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,155,859 |
$2,237,998
$357,040 |
$3,560,821 |
| 2 |
$6,463,836 |
$2,351,950
$374,902 |
$3,736,984 |
| 3 |
$6,786,946 |
$2,471,500
$393,643 |
$3,921,803 |
| 4 |
$7,126,416 |
$2,597,104
$413,332 |
$4,115,980 |
| 5 |
$7,482,655 |
$2,728,913
$433,994 |
$4,319,748 |
| 6 |
$7,856,890 |
$2,867,380
$455,700 |
$4,533,810 |
| 7 |
$8,249,530 |
$3,012,656
$478,473 |
$4,758,401 |
| 8 |
$8,662,211 |
$3,165,348
$502,408 |
$4,994,455 |
| 9 |
$9,095,342 |
$3,325,607
$527,530 |
$5,242,205 |
| 10 |
$9,550,150 |
$3,493,886
$553,909 |
$5,502,355 |
| 11 |
$10,027,453 |
$3,670,488
$581,592 |
$5,775,373 |
| 12 |
$10,528,887 |
$3,856,019
$610,675 |
$6,062,193 |
| 13 |
$11,055,270 |
$4,050,780
$641,206 |
$6,363,284 |
| 14 |
$11,608,238 |
$4,255,378
$673,278 |
$6,679,582 |
| 15 |
$12,188,609 |
$4,470,116
$706,939 |
$7,011,554 |
| 16 |
$12,798,019 |
$4,695,597
$742,285 |
$7,360,137 |
| 17 |
$13,437,695 |
$4,932,278
$779,386 |
$7,726,031 |
| 18 |
$14,109,682 |
$5,180,913
$818,362 |
$8,110,407 |
| 19 |
$14,815,207 |
$5,441,957
$859,282 |
$8,513,968 |
| 20 |
$15,555,906 |
$5,716,016
$902,243 |
$8,937,647 |
| 21 |
$16,333,824 |
$6,003,845
$947,362 |
$9,382,617 |
| 22 |
$17,150,597 |
$6,306,051
$994,735 |
$9,849,811 |
| 23 |
$18,007,861 |
$6,623,239
$1,044,456 |
$10,340,166 |
| 24 |
$18,908,479 |
$6,956,468
$1,096,692 |
$10,855,319 |
| 25 |
$19,853,678 |
$7,306,191
$1,151,513 |
$11,395,974 |
| 26 |
$20,846,730 |
$7,673,620
$1,209,110 |
$11,964,000 |
| 27 |
$21,888,862 |
$8,059,209
$1,269,554 |
$12,560,099 |
| 28 |
$22,983,346 |
$8,464,168
$1,333,034 |
$13,186,144 |
| 29 |
$24,132,636 |
$8,889,406
$1,399,693 |
$13,843,537 |
| 30 |
$25,339,186 |
$9,335,829
$1,469,673 |
$14,533,684 |
|
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