Jackpot Analysis Minnesota Powerball

Jackpot Analysis for Minnesota Powerball
The jackpot for the Powerball draw on Mon Sep 15, 2025, is projected to be $64 Million, with an option for a cash payout of $30 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 Mon Sep 15, 2025
Draw DateMon Sep 15, 2025
Projected Jackpot$64,000,000
Cash Value$30,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$30,000,000
Federal Tax(24%)$7,200,000
Additional Federal Tax$3,860,330
State Tax(7.25%)$2,175,000
Net Lumpsum Payment$16,764,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $963,264 $316,738
$69,837
$576,689
2 $1,011,456 $334,569
$73,331
$603,556
3 $1,062,016 $353,276
$76,996
$631,744
4 $1,115,136 $372,931
$80,847
$661,358
5 $1,170,880 $393,556
$84,889
$692,435
6 $1,229,440 $415,223
$89,134
$725,083
7 $1,290,880 $437,956
$93,589
$759,335
8 $1,355,456 $461,849
$98,271
$795,336
9 $1,423,232 $486,926
$103,184
$833,122
10 $1,494,400 $513,258
$108,344
$872,798
11 $1,569,088 $540,893
$113,759
$914,436
12 $1,647,552 $569,925
$119,448
$958,179
13 $1,729,920 $600,401
$125,419
$1,004,100
14 $1,816,448 $632,416
$131,692
$1,052,340
15 $1,907,264 $666,018
$138,277
$1,102,969
16 $2,002,624 $701,301
$145,190
$1,156,133
17 $2,102,720 $738,337
$152,447
$1,211,936
18 $2,207,872 $777,243
$160,071
$1,270,558
19 $2,318,272 $818,091
$168,075
$1,332,106
20 $2,434,176 $860,976
$176,478
$1,396,722
21 $2,555,904 $906,015
$185,303
$1,464,586
22 $2,683,712 $953,304
$194,569
$1,535,839
23 $2,817,856 $1,002,937
$204,295
$1,610,624
24 $2,958,784 $1,055,080
$214,512
$1,689,192
25 $3,106,688 $1,109,805
$225,235
$1,771,648
26 $3,262,080 $1,167,300
$236,501
$1,858,279
27 $3,425,152 $1,227,637
$248,324
$1,949,191
28 $3,596,416 $1,291,004
$260,740
$2,044,672
29 $3,776,256 $1,357,545
$273,779
$2,144,932
30 $3,965,056 $1,427,401
$287,467
$2,250,188