The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota Powerball Jackpot/Cash Option for Wed Oct 15, 2025 |
|---|
| Draw Date | Wed Oct 15, 2025 | | Projected Jackpot | $273,000,000 | | Cash Value | $127,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $127,800,000 | | Federal Tax(24%) | $30,672,000 | | Additional Federal Tax | $16,574,330 | | State Tax(7.25%) | $9,265,500 | | Net Lumpsum Payment | $71,288,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,108,923 |
$1,480,632
$297,897 |
$2,330,394 |
| 2 |
$4,314,492 |
$1,556,692
$312,801 |
$2,444,999 |
| 3 |
$4,530,162 |
$1,636,490
$328,437 |
$2,565,235 |
| 4 |
$4,756,752 |
$1,720,329
$344,865 |
$2,691,558 |
| 5 |
$4,994,535 |
$1,808,308
$362,104 |
$2,824,123 |
| 6 |
$5,244,330 |
$1,900,732
$380,214 |
$2,963,384 |
| 7 |
$5,506,410 |
$1,997,702
$399,215 |
$3,109,493 |
| 8 |
$5,781,867 |
$2,099,621
$419,185 |
$3,263,061 |
| 9 |
$6,070,974 |
$2,206,591
$440,146 |
$3,424,237 |
| 10 |
$6,374,550 |
$2,318,914
$462,155 |
$3,593,481 |
| 11 |
$6,693,141 |
$2,436,793
$485,253 |
$3,771,095 |
| 12 |
$7,027,839 |
$2,560,631
$509,518 |
$3,957,690 |
| 13 |
$7,379,190 |
$2,690,631
$534,991 |
$4,153,568 |
| 14 |
$7,748,286 |
$2,827,196
$561,751 |
$4,359,339 |
| 15 |
$8,135,673 |
$2,970,529
$589,836 |
$4,575,308 |
| 16 |
$8,542,443 |
$3,121,034
$619,327 |
$4,802,082 |
| 17 |
$8,969,415 |
$3,279,014
$650,283 |
$5,040,118 |
| 18 |
$9,417,954 |
$3,444,973
$682,802 |
$5,290,179 |
| 19 |
$9,888,879 |
$3,619,216
$716,944 |
$5,552,719 |
| 20 |
$10,383,282 |
$3,802,145
$752,788 |
$5,828,349 |
| 21 |
$10,902,528 |
$3,994,266
$790,433 |
$6,117,829 |
| 22 |
$11,447,709 |
$4,195,983
$829,959 |
$6,421,767 |
| 23 |
$12,019,917 |
$4,407,700
$871,444 |
$6,740,773 |
| 24 |
$12,621,063 |
$4,630,124
$915,027 |
$7,075,912 |
| 25 |
$13,251,966 |
$4,863,558
$960,768 |
$7,427,640 |
| 26 |
$13,914,810 |
$5,108,810
$1,008,824 |
$7,797,176 |
| 27 |
$14,610,414 |
$5,366,184
$1,059,255 |
$8,184,975 |
| 28 |
$15,340,962 |
$5,636,486
$1,112,220 |
$8,592,256 |
| 29 |
$16,108,092 |
$5,920,324
$1,167,837 |
$9,019,931 |
| 30 |
$16,913,442 |
$6,218,304
$1,226,225 |
$9,468,913 |
|
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