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 Date | Sat 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 |
|
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