The jackpot for the Powerball draw on Sat Mar 1, 2025, is projected to be $272 Million, with an option for a cash payout of $124.4 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 Sat Mar 1, 2025 |
|---|
| Draw Date | Sat Mar 1, 2025 | | Projected Jackpot | $272,000,000 | | Cash Value | $124,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,400,000 | | Federal Tax(24%) | $29,856,000 | | Additional Federal Tax | $16,132,330 | | State Tax(5.8%) | $7,215,200 | | Net Lumpsum Payment | $71,196,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,093,872 |
$1,475,063
$237,445 |
$2,381,364 |
| 2 |
$4,298,688 |
$1,550,845
$249,324 |
$2,498,519 |
| 3 |
$4,513,568 |
$1,630,351
$261,787 |
$2,621,430 |
| 4 |
$4,739,328 |
$1,713,882
$274,881 |
$2,750,565 |
| 5 |
$4,976,240 |
$1,801,539
$288,622 |
$2,886,079 |
| 6 |
$5,225,120 |
$1,893,625
$303,057 |
$3,028,438 |
| 7 |
$5,486,240 |
$1,990,239
$318,202 |
$3,177,799 |
| 8 |
$5,760,688 |
$2,091,785
$334,120 |
$3,334,783 |
| 9 |
$6,048,736 |
$2,198,363
$350,827 |
$3,499,546 |
| 10 |
$6,351,200 |
$2,310,274
$368,370 |
$3,672,556 |
| 11 |
$6,668,624 |
$2,427,721
$386,780 |
$3,854,123 |
| 12 |
$7,002,096 |
$2,551,106
$406,122 |
$4,044,868 |
| 13 |
$7,352,160 |
$2,680,630
$426,425 |
$4,245,105 |
| 14 |
$7,719,904 |
$2,816,695
$447,754 |
$4,455,455 |
| 15 |
$8,105,872 |
$2,959,503
$470,141 |
$4,676,228 |
| 16 |
$8,511,152 |
$3,109,457
$493,647 |
$4,908,048 |
| 17 |
$8,936,560 |
$3,266,858
$518,320 |
$5,151,382 |
| 18 |
$9,383,456 |
$3,432,209
$544,240 |
$5,407,007 |
| 19 |
$9,852,656 |
$3,605,813
$571,454 |
$5,675,389 |
| 20 |
$10,345,248 |
$3,788,072
$600,024 |
$5,957,152 |
| 21 |
$10,862,592 |
$3,979,489
$630,030 |
$6,253,073 |
| 22 |
$11,405,776 |
$4,180,468
$661,535 |
$6,563,773 |
| 23 |
$11,975,888 |
$4,391,409
$694,602 |
$6,889,877 |
| 24 |
$12,574,832 |
$4,613,018
$729,340 |
$7,232,474 |
| 25 |
$13,203,424 |
$4,845,597
$765,799 |
$7,592,028 |
| 26 |
$13,863,840 |
$5,089,951
$804,103 |
$7,969,786 |
| 27 |
$14,556,896 |
$5,346,382
$844,300 |
$8,366,214 |
| 28 |
$15,284,768 |
$5,615,695
$886,517 |
$8,782,556 |
| 29 |
$16,049,088 |
$5,898,493
$930,847 |
$9,219,748 |
| 30 |
$16,851,488 |
$6,195,381
$977,386 |
$9,678,721 |
|
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