The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Mon Oct 13, 2025 |
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Draw Date | Mon Oct 13, 2025 | Projected Jackpot | $258,000,000 | Cash Value | $120,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $120,800,000 | Federal Tax(24%) | $28,992,000 | Additional Federal Tax | $15,664,330 | State Tax(7.25%) | $8,758,000 | Net Lumpsum Payment | $67,385,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,883,158 |
$1,397,099 $281,529 |
$2,204,530 |
2 |
$4,077,432 |
$1,468,980 $295,614 |
$2,312,838 |
3 |
$4,281,252 |
$1,544,394 $310,391 |
$2,426,467 |
4 |
$4,495,392 |
$1,623,625 $325,916 |
$2,545,851 |
5 |
$4,720,110 |
$1,706,771 $342,208 |
$2,671,131 |
6 |
$4,956,180 |
$1,794,117 $359,323 |
$2,802,740 |
7 |
$5,203,860 |
$1,885,759 $377,280 |
$2,940,821 |
8 |
$5,464,182 |
$1,982,078 $396,153 |
$3,085,951 |
9 |
$5,737,404 |
$2,083,170 $415,962 |
$3,238,272 |
10 |
$6,024,300 |
$2,189,321 $436,762 |
$3,398,217 |
11 |
$6,325,386 |
$2,300,723 $458,590 |
$3,566,073 |
12 |
$6,641,694 |
$2,417,757 $481,523 |
$3,742,414 |
13 |
$6,973,740 |
$2,540,614 $505,596 |
$3,927,530 |
14 |
$7,322,556 |
$2,669,676 $530,885 |
$4,121,995 |
15 |
$7,688,658 |
$2,805,134 $557,428 |
$4,326,096 |
16 |
$8,073,078 |
$2,947,369 $585,298 |
$4,540,411 |
17 |
$8,476,590 |
$3,096,669 $614,553 |
$4,765,368 |
18 |
$8,900,484 |
$3,253,509 $645,285 |
$5,001,690 |
19 |
$9,345,534 |
$3,418,178 $677,551 |
$5,249,805 |
20 |
$9,812,772 |
$3,591,056 $711,426 |
$5,510,290 |
21 |
$10,303,488 |
$3,772,621 $747,003 |
$5,783,864 |
22 |
$10,818,714 |
$3,963,255 $784,357 |
$6,071,102 |
23 |
$11,359,482 |
$4,163,339 $823,562 |
$6,372,581 |
24 |
$11,927,598 |
$4,373,542 $864,751 |
$6,689,305 |
25 |
$12,523,836 |
$4,594,150 $907,978 |
$7,021,708 |
26 |
$13,150,260 |
$4,825,927 $953,394 |
$7,370,939 |
27 |
$13,807,644 |
$5,069,159 $1,001,054 |
$7,737,431 |
28 |
$14,498,052 |
$5,324,610 $1,051,109 |
$8,122,333 |
29 |
$15,223,032 |
$5,592,852 $1,103,670 |
$8,526,510 |
30 |
$15,984,132 |
$5,874,459 $1,158,850 |
$8,950,823 |
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