Jackpot Analysis Iowa Powerball

Jackpot Analysis for Iowa Powerball
The jackpot for the Powerball draw on Sat Oct 25, 2025, is projected to be $344 Million, with an option for a cash payout of $163.7 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 Iowa residents, the state will deduct 5% from your lottery earnings.

Iowa Powerball Jackpot/Cash Option for Sat Oct 25, 2025
Draw DateSat Oct 25, 2025
Projected Jackpot$344,000,000
Cash Value$163,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$163,700,000
Federal Tax(24%)$39,288,000
Additional Federal Tax$21,241,330
State Tax(5%)$8,185,000
Net Lumpsum Payment$94,985,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,177,544 $1,876,022
$258,877
$3,042,645
2 $5,436,576 $1,971,864
$271,829
$3,192,883
3 $5,708,336 $2,072,415
$285,417
$3,350,504
4 $5,993,856 $2,178,057
$299,693
$3,516,106
5 $6,293,480 $2,288,918
$314,674
$3,689,888
6 $6,608,240 $2,405,379
$330,412
$3,872,449
7 $6,938,480 $2,527,568
$346,924
$4,063,988
8 $7,285,576 $2,655,994
$364,279
$4,265,303
9 $7,649,872 $2,790,783
$382,494
$4,476,595
10 $8,032,400 $2,932,318
$401,620
$4,698,462
11 $8,433,848 $3,080,854
$421,692
$4,931,302
12 $8,855,592 $3,236,899
$442,780
$5,175,913
13 $9,298,320 $3,400,709
$464,916
$5,432,695
14 $9,763,408 $3,572,791
$488,170
$5,702,447
15 $10,251,544 $3,753,402
$512,577
$5,985,565
16 $10,764,104 $3,943,049
$538,205
$6,282,850
17 $11,302,120 $4,142,115
$565,106
$6,594,899
18 $11,867,312 $4,351,236
$593,366
$6,922,710
19 $12,460,712 $4,570,794
$623,036
$7,266,882
20 $13,083,696 $4,801,298
$654,185
$7,628,213
21 $13,737,984 $5,043,384
$686,899
$8,007,701
22 $14,424,952 $5,297,563
$721,248
$8,406,141
23 $15,145,976 $5,564,342
$757,299
$8,824,335
24 $15,903,464 $5,844,612
$795,173
$9,263,679
25 $16,698,448 $6,138,756
$834,922
$9,724,770
26 $17,533,680 $6,447,792
$876,684
$10,209,204
27 $18,410,192 $6,772,101
$920,510
$10,717,581
28 $19,330,736 $7,112,703
$966,537
$11,251,496
29 $20,297,376 $7,470,360
$1,014,869
$11,812,147
30 $21,312,176 $7,845,836
$1,065,609
$12,400,731