The jackpot for the Powerball draw on Mon Dec 1, 2025, is projected to be $740 Million, with an option for a cash payout of $346.1 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 Mon Dec 1, 2025 |
|---|
| Draw Date | Mon Dec 1, 2025 | | Projected Jackpot | $740,000,000 | | Cash Value | $346,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $346,100,000 | | Federal Tax(24%) | $83,064,000 | | Additional Federal Tax | $44,953,330 | | State Tax(7.25%) | $25,092,250 | | Net Lumpsum Payment | $192,990,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,137,740 |
$4,081,294
$807,486 |
$6,248,960 |
| 2 |
$11,694,960 |
$4,287,466
$847,885 |
$6,559,609 |
| 3 |
$12,279,560 |
$4,503,768
$890,268 |
$6,885,524 |
| 4 |
$12,893,760 |
$4,731,022
$934,798 |
$7,227,940 |
| 5 |
$13,538,300 |
$4,969,501
$981,527 |
$7,587,272 |
| 6 |
$14,215,400 |
$5,220,028
$1,030,617 |
$7,964,755 |
| 7 |
$14,925,800 |
$5,482,876
$1,082,121 |
$8,360,803 |
| 8 |
$15,672,460 |
$5,759,141
$1,136,253 |
$8,777,066 |
| 9 |
$16,456,120 |
$6,049,095
$1,193,069 |
$9,213,956 |
| 10 |
$17,279,000 |
$6,353,560
$1,252,728 |
$9,672,712 |
| 11 |
$18,142,580 |
$6,673,085
$1,315,337 |
$10,154,158 |
| 12 |
$19,049,820 |
$7,008,764
$1,381,112 |
$10,659,944 |
| 13 |
$20,002,200 |
$7,361,144
$1,450,160 |
$11,190,896 |
| 14 |
$21,002,680 |
$7,731,322
$1,522,694 |
$11,748,664 |
| 15 |
$22,052,740 |
$8,119,844
$1,598,824 |
$12,334,072 |
| 16 |
$23,155,340 |
$8,527,806
$1,678,762 |
$12,948,772 |
| 17 |
$24,312,700 |
$8,956,029
$1,762,671 |
$13,594,000 |
| 18 |
$25,528,520 |
$9,405,883
$1,850,818 |
$14,271,819 |
| 19 |
$26,805,020 |
$9,878,188
$1,943,364 |
$14,983,468 |
| 20 |
$28,145,160 |
$10,374,040
$2,040,524 |
$15,730,596 |
| 21 |
$29,552,640 |
$10,894,807
$2,142,566 |
$16,515,267 |
| 22 |
$31,030,420 |
$11,441,586
$2,249,705 |
$17,339,129 |
| 23 |
$32,581,460 |
$12,015,471
$2,362,156 |
$18,203,833 |
| 24 |
$34,210,940 |
$12,618,378
$2,480,293 |
$19,112,269 |
| 25 |
$35,921,080 |
$13,251,130
$2,604,278 |
$20,065,672 |
| 26 |
$37,717,800 |
$13,915,916
$2,734,541 |
$21,067,343 |
| 27 |
$39,603,320 |
$14,613,559
$2,871,241 |
$22,118,520 |
| 28 |
$41,583,560 |
$15,346,248
$3,014,808 |
$23,222,504 |
| 29 |
$43,662,960 |
$16,115,626
$3,165,565 |
$24,381,769 |
| 30 |
$45,845,960 |
$16,923,336
$3,323,832 |
$25,598,792 |
|
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