The jackpot for the Powerball draw on Wed Nov 12, 2025, is projected to be $512 Million, with an option for a cash payout of $239.1 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 Nov 12, 2025 |
|---|
| Draw Date | Wed Nov 12, 2025 | | Projected Jackpot | $512,000,000 | | Cash Value | $239,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $239,100,000 | | Federal Tax(24%) | $57,384,000 | | Additional Federal Tax | $31,043,330 | | State Tax(7.25%) | $17,334,750 | | Net Lumpsum Payment | $133,337,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,706,112 |
$2,811,592
$558,693 |
$4,335,827 |
| 2 |
$8,091,648 |
$2,954,240
$586,644 |
$4,550,764 |
| 3 |
$8,496,128 |
$3,103,898
$615,969 |
$4,776,261 |
| 4 |
$8,921,088 |
$3,261,133
$646,779 |
$5,013,176 |
| 5 |
$9,367,040 |
$3,426,135
$679,110 |
$5,261,795 |
| 6 |
$9,835,520 |
$3,599,473
$713,075 |
$5,522,972 |
| 7 |
$10,327,040 |
$3,781,335
$748,710 |
$5,796,995 |
| 8 |
$10,843,648 |
$3,972,480
$786,164 |
$6,085,004 |
| 9 |
$11,385,856 |
$4,173,097
$825,475 |
$6,387,284 |
| 10 |
$11,955,200 |
$4,383,754
$866,752 |
$6,704,694 |
| 11 |
$12,552,704 |
$4,604,831
$910,071 |
$7,037,802 |
| 12 |
$13,180,416 |
$4,837,084
$955,580 |
$7,387,752 |
| 13 |
$13,839,360 |
$5,080,894
$1,003,354 |
$7,755,112 |
| 14 |
$14,531,584 |
$5,337,016
$1,053,540 |
$8,141,028 |
| 15 |
$15,258,112 |
$5,605,832
$1,106,213 |
$8,546,067 |
| 16 |
$16,020,992 |
$5,888,097
$1,161,522 |
$8,971,373 |
| 17 |
$16,821,760 |
$6,184,382
$1,219,578 |
$9,417,800 |
| 18 |
$17,662,976 |
$6,495,632
$1,280,566 |
$9,886,778 |
| 19 |
$18,546,176 |
$6,822,416
$1,344,598 |
$10,379,162 |
| 20 |
$19,473,408 |
$7,165,491
$1,411,822 |
$10,896,095 |
| 21 |
$20,447,232 |
$7,525,806
$1,482,424 |
$11,439,002 |
| 22 |
$21,469,696 |
$7,904,118
$1,556,553 |
$12,009,025 |
| 23 |
$22,542,848 |
$8,301,184
$1,634,356 |
$12,607,308 |
| 24 |
$23,670,272 |
$8,718,331
$1,716,095 |
$13,235,846 |
| 25 |
$24,853,504 |
$9,156,127
$1,801,879 |
$13,895,498 |
| 26 |
$26,096,640 |
$9,616,087
$1,892,006 |
$14,588,547 |
| 27 |
$27,401,216 |
$10,098,780
$1,986,588 |
$15,315,848 |
| 28 |
$28,771,328 |
$10,605,722
$2,085,921 |
$16,079,685 |
| 29 |
$30,210,048 |
$11,138,048
$2,190,228 |
$16,881,772 |
| 30 |
$31,720,448 |
$11,696,896
$2,299,732 |
$17,723,820 |
|
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