The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(5.8%) | $4,303,600 | | Net Lumpsum Payment | $42,482,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$141,419 |
$1,434,356 |
| 2 |
$2,560,248 |
$907,622
$148,494 |
$1,504,132 |
| 3 |
$2,688,228 |
$954,975
$155,917 |
$1,577,336 |
| 4 |
$2,822,688 |
$1,004,725
$163,716 |
$1,654,247 |
| 5 |
$2,963,790 |
$1,056,933
$171,900 |
$1,734,957 |
| 6 |
$3,112,020 |
$1,111,778
$180,497 |
$1,819,745 |
| 7 |
$3,267,540 |
$1,169,320
$189,517 |
$1,908,703 |
| 8 |
$3,430,998 |
$1,229,800
$198,998 |
$2,002,200 |
| 9 |
$3,602,556 |
$1,293,276
$208,948 |
$2,100,332 |
| 10 |
$3,782,700 |
$1,359,929
$219,397 |
$2,203,374 |
| 11 |
$3,971,754 |
$1,429,879
$230,362 |
$2,311,513 |
| 12 |
$4,170,366 |
$1,503,366
$241,881 |
$2,425,119 |
| 13 |
$4,378,860 |
$1,580,509
$253,974 |
$2,544,377 |
| 14 |
$4,597,884 |
$1,661,547
$266,677 |
$2,669,660 |
| 15 |
$4,827,762 |
$1,746,602
$280,010 |
$2,801,150 |
| 16 |
$5,069,142 |
$1,835,913
$294,010 |
$2,939,219 |
| 17 |
$5,322,510 |
$1,929,659
$308,706 |
$3,084,145 |
| 18 |
$5,588,676 |
$2,028,141
$324,143 |
$3,236,392 |
| 19 |
$5,868,126 |
$2,131,537
$340,351 |
$3,396,238 |
| 20 |
$6,161,508 |
$2,240,088
$357,367 |
$3,564,053 |
| 21 |
$6,469,632 |
$2,354,094
$375,239 |
$3,740,299 |
| 22 |
$6,793,146 |
$2,473,794
$394,002 |
$3,925,350 |
| 23 |
$7,132,698 |
$2,599,429
$413,696 |
$4,119,573 |
| 24 |
$7,489,422 |
$2,731,417
$434,386 |
$4,323,619 |
| 25 |
$7,863,804 |
$2,869,938
$456,101 |
$4,537,765 |
| 26 |
$8,257,140 |
$3,015,472
$478,914 |
$4,762,754 |
| 27 |
$8,669,916 |
$3,168,199
$502,855 |
$4,998,862 |
| 28 |
$9,103,428 |
$3,328,599
$527,999 |
$5,246,830 |
| 29 |
$9,558,648 |
$3,497,030
$554,402 |
$5,507,216 |
| 30 |
$10,036,548 |
$3,673,853
$582,120 |
$5,780,575 |
|
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