The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sat Sep 20, 2025 |
|---|
| Draw Date | Sat Sep 20, 2025 | | Projected Jackpot | $99,000,000 | | Cash Value | $46,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,300,000 | | Federal Tax(24%) | $11,112,000 | | Additional Federal Tax | $5,979,330 | | State Tax(7.25%) | $3,356,750 | | Net Lumpsum Payment | $25,851,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,490,049 |
$511,649
$108,029 |
$870,371 |
| 2 |
$1,564,596 |
$539,231
$113,433 |
$911,932 |
| 3 |
$1,642,806 |
$568,169
$119,103 |
$955,534 |
| 4 |
$1,724,976 |
$598,572
$125,061 |
$1,001,343 |
| 5 |
$1,811,205 |
$630,476
$131,312 |
$1,049,417 |
| 6 |
$1,901,790 |
$663,993
$137,880 |
$1,099,917 |
| 7 |
$1,996,830 |
$699,157
$144,770 |
$1,152,903 |
| 8 |
$2,096,721 |
$736,117
$152,012 |
$1,208,592 |
| 9 |
$2,201,562 |
$774,908
$159,613 |
$1,267,041 |
| 10 |
$2,311,650 |
$815,641
$167,595 |
$1,328,414 |
| 11 |
$2,427,183 |
$858,388
$175,971 |
$1,392,824 |
| 12 |
$2,548,557 |
$903,296
$184,770 |
$1,460,491 |
| 13 |
$2,675,970 |
$950,439
$194,008 |
$1,531,523 |
| 14 |
$2,809,818 |
$999,963
$203,712 |
$1,606,143 |
| 15 |
$2,950,299 |
$1,051,941
$213,897 |
$1,684,461 |
| 16 |
$3,097,809 |
$1,106,520
$224,591 |
$1,766,698 |
| 17 |
$3,252,645 |
$1,163,809
$235,817 |
$1,853,019 |
| 18 |
$3,415,302 |
$1,223,992
$247,609 |
$1,943,701 |
| 19 |
$3,586,077 |
$1,287,179
$259,991 |
$2,038,907 |
| 20 |
$3,765,366 |
$1,353,516
$272,989 |
$2,138,861 |
| 21 |
$3,953,664 |
$1,423,186
$286,641 |
$2,243,837 |
| 22 |
$4,151,367 |
$1,496,336
$300,974 |
$2,354,057 |
| 23 |
$4,358,871 |
$1,573,113
$316,018 |
$2,469,740 |
| 24 |
$4,576,869 |
$1,653,772
$331,823 |
$2,591,274 |
| 25 |
$4,805,658 |
$1,738,424
$348,410 |
$2,718,824 |
| 26 |
$5,046,030 |
$1,827,361
$365,837 |
$2,852,832 |
| 27 |
$5,298,282 |
$1,920,695
$384,125 |
$2,993,462 |
| 28 |
$5,563,206 |
$2,018,717
$403,332 |
$3,141,157 |
| 29 |
$5,841,396 |
$2,121,647
$423,501 |
$3,296,248 |
| 30 |
$6,133,446 |
$2,229,705
$444,675 |
$3,459,066 |
|
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