Jackpot Analysis Minnesota Powerball

Jackpot Analysis for Minnesota Powerball
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 DateWed 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