The jackpot for the Powerball draw on Sat Dec 20, 2025, is projected to be $1.50 Billion, with an option for a cash payout of $686.5 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 Dec 20, 2025 |
|---|
| Draw Date | Sat Dec 20, 2025 | | Projected Jackpot | $1,500,000,000 | | Cash Value | $686,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $686,500,000 | | Federal Tax(24%) | $164,760,000 | | Additional Federal Tax | $89,205,330 | | State Tax(5%) | $34,325,000 | | Net Lumpsum Payment | $398,209,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$22,576,500 |
$8,313,635
$1,128,825 |
$13,134,040 |
| 2 |
$23,706,000 |
$8,731,550
$1,185,300 |
$13,789,150 |
| 3 |
$24,891,000 |
$9,170,000
$1,244,550 |
$14,476,450 |
| 4 |
$26,136,000 |
$9,630,650
$1,306,800 |
$15,198,550 |
| 5 |
$27,442,500 |
$10,114,055
$1,372,125 |
$15,956,320 |
| 6 |
$28,815,000 |
$10,621,880
$1,440,750 |
$16,752,370 |
| 7 |
$30,255,000 |
$11,154,680
$1,512,750 |
$17,587,570 |
| 8 |
$31,768,500 |
$11,714,675
$1,588,425 |
$18,465,400 |
| 9 |
$33,357,000 |
$12,302,420
$1,667,850 |
$19,386,730 |
| 10 |
$35,025,000 |
$12,919,580
$1,751,250 |
$20,354,170 |
| 11 |
$36,775,500 |
$13,567,265
$1,838,775 |
$21,369,460 |
| 12 |
$38,614,500 |
$14,247,695
$1,930,725 |
$22,436,080 |
| 13 |
$40,545,000 |
$14,961,980
$2,027,250 |
$23,555,770 |
| 14 |
$42,573,000 |
$15,712,340
$2,128,650 |
$24,732,010 |
| 15 |
$44,701,500 |
$16,499,885
$2,235,075 |
$25,966,540 |
| 16 |
$46,936,500 |
$17,326,835
$2,346,825 |
$27,262,840 |
| 17 |
$49,282,500 |
$18,194,855
$2,464,125 |
$28,623,520 |
| 18 |
$51,747,000 |
$19,106,720
$2,587,350 |
$30,052,930 |
| 19 |
$54,334,500 |
$20,064,095
$2,716,725 |
$31,553,680 |
| 20 |
$57,051,000 |
$21,069,200
$2,852,550 |
$33,129,250 |
| 21 |
$59,904,000 |
$22,124,810
$2,995,200 |
$34,783,990 |
| 22 |
$62,899,500 |
$23,233,145
$3,144,975 |
$36,521,380 |
| 23 |
$66,043,500 |
$24,396,425
$3,302,175 |
$38,344,900 |
| 24 |
$69,346,500 |
$25,618,535
$3,467,325 |
$40,260,640 |
| 25 |
$72,813,000 |
$26,901,140
$3,640,650 |
$42,271,210 |
| 26 |
$76,455,000 |
$28,248,680
$3,822,750 |
$44,383,570 |
| 27 |
$80,277,000 |
$29,662,820
$4,013,850 |
$46,600,330 |
| 28 |
$84,291,000 |
$31,148,000
$4,214,550 |
$48,928,450 |
| 29 |
$88,506,000 |
$32,707,550
$4,425,300 |
$51,373,150 |
| 30 |
$92,931,000 |
$34,344,800
$4,646,550 |
$53,939,650 |
|
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