The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 Iowa residents, the state will deduct 5% from your lottery earnings.
| Iowa Powerball Jackpot/Cash Option for Sat Oct 18, 2025 |
|---|
| Draw Date | Sat Oct 18, 2025 | | Projected Jackpot | $295,000,000 | | Cash Value | $138,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $138,100,000 | | Federal Tax(24%) | $33,144,000 | | Additional Federal Tax | $17,913,330 | | State Tax(5%) | $6,905,000 | | Net Lumpsum Payment | $80,137,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,440,045 |
$1,603,147
$222,002 |
$2,614,896 |
| 2 |
$4,662,180 |
$1,685,337
$233,109 |
$2,743,734 |
| 3 |
$4,895,230 |
$1,771,565
$244,762 |
$2,878,903 |
| 4 |
$5,140,080 |
$1,862,160
$257,004 |
$3,020,916 |
| 5 |
$5,397,025 |
$1,957,230
$269,851 |
$3,169,944 |
| 6 |
$5,666,950 |
$2,057,102
$283,348 |
$3,326,500 |
| 7 |
$5,950,150 |
$2,161,886
$297,508 |
$3,490,756 |
| 8 |
$6,247,805 |
$2,272,018
$312,390 |
$3,663,397 |
| 9 |
$6,560,210 |
$2,387,608
$328,011 |
$3,844,591 |
| 10 |
$6,888,250 |
$2,508,983
$344,413 |
$4,034,854 |
| 11 |
$7,232,515 |
$2,636,361
$361,626 |
$4,234,528 |
| 12 |
$7,594,185 |
$2,770,179
$379,709 |
$4,444,297 |
| 13 |
$7,973,850 |
$2,910,655
$398,693 |
$4,664,502 |
| 14 |
$8,372,690 |
$3,058,226
$418,635 |
$4,895,829 |
| 15 |
$8,791,295 |
$3,213,110
$439,565 |
$5,138,620 |
| 16 |
$9,230,845 |
$3,375,743
$461,542 |
$5,393,560 |
| 17 |
$9,692,225 |
$3,546,454
$484,611 |
$5,661,160 |
| 18 |
$10,176,910 |
$3,725,787
$508,846 |
$5,942,277 |
| 19 |
$10,685,785 |
$3,914,071
$534,289 |
$6,237,425 |
| 20 |
$11,220,030 |
$4,111,741
$561,002 |
$6,547,287 |
| 21 |
$11,781,120 |
$4,319,345
$589,056 |
$6,872,719 |
| 22 |
$12,370,235 |
$4,537,317
$618,512 |
$7,214,406 |
| 23 |
$12,988,555 |
$4,766,096
$649,428 |
$7,573,031 |
| 24 |
$13,638,145 |
$5,006,444
$681,907 |
$7,949,794 |
| 25 |
$14,319,890 |
$5,258,690
$715,995 |
$8,345,205 |
| 26 |
$15,036,150 |
$5,523,706
$751,808 |
$8,760,636 |
| 27 |
$15,787,810 |
$5,801,820
$789,391 |
$9,196,599 |
| 28 |
$16,577,230 |
$6,093,905
$828,862 |
$9,654,463 |
| 29 |
$17,406,180 |
$6,400,617
$870,309 |
$10,135,254 |
| 30 |
$18,276,430 |
$6,722,609
$913,822 |
$10,639,999 |
|
|
