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 |
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Draw Date | Sat Oct 25, 2025 | Projected Jackpot | $344,000,000 | Cash Value | $163,700,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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 |
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