The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(5%) | $11,035,000 | | Net Lumpsum Payment | $128,045,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$351,441 |
$4,116,383 |
| 2 |
$7,380,468 |
$2,691,104
$369,023 |
$4,320,341 |
| 3 |
$7,749,398 |
$2,827,608
$387,470 |
$4,534,320 |
| 4 |
$8,137,008 |
$2,971,023
$406,850 |
$4,759,135 |
| 5 |
$8,543,765 |
$3,121,523
$427,188 |
$4,995,054 |
| 6 |
$8,971,070 |
$3,279,626
$448,554 |
$5,242,890 |
| 7 |
$9,419,390 |
$3,445,505
$470,970 |
$5,502,915 |
| 8 |
$9,890,593 |
$3,619,850
$494,530 |
$5,776,213 |
| 9 |
$10,385,146 |
$3,802,834
$519,257 |
$6,063,055 |
| 10 |
$10,904,450 |
$3,994,977
$545,223 |
$6,364,250 |
| 11 |
$11,449,439 |
$4,196,623
$572,472 |
$6,680,344 |
| 12 |
$12,021,981 |
$4,408,463
$601,099 |
$7,012,419 |
| 13 |
$12,623,010 |
$4,630,844
$631,151 |
$7,361,015 |
| 14 |
$13,254,394 |
$4,864,456
$662,720 |
$7,727,218 |
| 15 |
$13,917,067 |
$5,109,645
$695,853 |
$8,111,569 |
| 16 |
$14,612,897 |
$5,367,102
$730,645 |
$8,515,150 |
| 17 |
$15,343,285 |
$5,637,346
$767,164 |
$8,938,775 |
| 18 |
$16,110,566 |
$5,921,240
$805,528 |
$9,383,798 |
| 19 |
$16,916,141 |
$6,219,303
$845,807 |
$9,851,031 |
| 20 |
$17,761,878 |
$6,532,225
$888,094 |
$10,341,559 |
| 21 |
$18,650,112 |
$6,860,872
$932,506 |
$10,856,734 |
| 22 |
$19,582,711 |
$7,205,933
$979,136 |
$11,397,642 |
| 23 |
$20,561,543 |
$7,568,101
$1,028,077 |
$11,965,365 |
| 24 |
$21,589,877 |
$7,948,585
$1,079,494 |
$12,561,798 |
| 25 |
$22,669,114 |
$8,347,903
$1,133,456 |
$13,187,755 |
| 26 |
$23,802,990 |
$8,767,437
$1,190,150 |
$13,845,403 |
| 27 |
$24,992,906 |
$9,207,706
$1,249,645 |
$14,535,555 |
| 28 |
$26,242,598 |
$9,670,092
$1,312,130 |
$15,260,376 |
| 29 |
$27,554,868 |
$10,155,632
$1,377,743 |
$16,021,493 |
| 30 |
$28,932,518 |
$10,665,362
$1,446,626 |
$16,820,530 |
|
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