The jackpot for the Powerball draw on Sat Nov 29, 2025, is projected to be $719 Million, with an option for a cash payout of $333.3 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 Nov 29, 2025 |
|---|
| Draw Date | Sat Nov 29, 2025 | | Projected Jackpot | $719,000,000 | | Cash Value | $333,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $333,300,000 | | Federal Tax(24%) | $79,992,000 | | Additional Federal Tax | $43,289,330 | | State Tax(5%) | $16,665,000 | | Net Lumpsum Payment | $193,353,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,821,669 |
$3,964,348
$541,083 |
$6,316,238 |
| 2 |
$11,363,076 |
$4,164,669
$568,154 |
$6,630,253 |
| 3 |
$11,931,086 |
$4,374,832
$596,554 |
$6,959,700 |
| 4 |
$12,527,856 |
$4,595,637
$626,393 |
$7,305,826 |
| 5 |
$13,154,105 |
$4,827,349
$657,705 |
$7,669,051 |
| 6 |
$13,811,990 |
$5,070,767
$690,600 |
$8,050,623 |
| 7 |
$14,502,230 |
$5,326,155
$725,112 |
$8,450,963 |
| 8 |
$15,227,701 |
$5,594,580
$761,385 |
$8,871,736 |
| 9 |
$15,989,122 |
$5,876,306
$799,456 |
$9,313,360 |
| 10 |
$16,788,650 |
$6,172,131
$839,433 |
$9,777,086 |
| 11 |
$17,627,723 |
$6,482,588
$881,386 |
$10,263,749 |
| 12 |
$18,509,217 |
$6,808,741
$925,461 |
$10,775,015 |
| 13 |
$19,434,570 |
$7,151,121
$971,729 |
$11,311,720 |
| 14 |
$20,406,658 |
$7,510,794
$1,020,333 |
$11,875,531 |
| 15 |
$21,426,919 |
$7,888,290
$1,071,346 |
$12,467,283 |
| 16 |
$22,498,229 |
$8,284,675
$1,124,911 |
$13,088,643 |
| 17 |
$23,622,745 |
$8,700,746
$1,181,137 |
$13,740,862 |
| 18 |
$24,804,062 |
$9,137,833
$1,240,203 |
$14,426,026 |
| 19 |
$26,044,337 |
$9,596,735
$1,302,217 |
$15,145,385 |
| 20 |
$27,346,446 |
$10,078,515
$1,367,322 |
$15,900,609 |
| 21 |
$28,713,984 |
$10,584,504
$1,435,699 |
$16,693,781 |
| 22 |
$30,149,827 |
$11,115,766
$1,507,491 |
$17,526,570 |
| 23 |
$31,656,851 |
$11,673,365
$1,582,843 |
$18,400,643 |
| 24 |
$33,240,089 |
$12,259,163
$1,662,004 |
$19,318,922 |
| 25 |
$34,901,698 |
$12,873,959
$1,745,085 |
$20,282,654 |
| 26 |
$36,647,430 |
$13,519,879
$1,832,372 |
$21,295,179 |
| 27 |
$38,479,442 |
$14,197,724
$1,923,972 |
$22,357,746 |
| 28 |
$40,403,486 |
$14,909,620
$2,020,174 |
$23,473,692 |
| 29 |
$42,423,876 |
$15,657,165
$2,121,194 |
$24,645,517 |
| 30 |
$44,544,926 |
$16,441,953
$2,227,246 |
$25,875,727 |
|
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