The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(5%) | $10,945,000 | | Net Lumpsum Payment | $127,001,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$362,729 |
$4,247,327 |
| 2 |
$7,617,528 |
$2,778,816
$380,876 |
$4,457,836 |
| 3 |
$7,998,308 |
$2,919,704
$399,915 |
$4,678,689 |
| 4 |
$8,398,368 |
$3,067,727
$419,918 |
$4,910,723 |
| 5 |
$8,818,190 |
$3,223,061
$440,910 |
$5,154,219 |
| 6 |
$9,259,220 |
$3,386,242
$462,961 |
$5,410,017 |
| 7 |
$9,721,940 |
$3,557,448
$486,097 |
$5,678,395 |
| 8 |
$10,208,278 |
$3,737,393
$510,414 |
$5,960,471 |
| 9 |
$10,718,716 |
$3,926,255
$535,936 |
$6,256,525 |
| 10 |
$11,254,700 |
$4,124,569
$562,735 |
$6,567,396 |
| 11 |
$11,817,194 |
$4,332,692
$590,860 |
$6,893,642 |
| 12 |
$12,408,126 |
$4,551,337
$620,406 |
$7,236,383 |
| 13 |
$13,028,460 |
$4,780,861
$651,423 |
$7,596,176 |
| 14 |
$13,680,124 |
$5,021,976
$684,006 |
$7,974,142 |
| 15 |
$14,364,082 |
$5,275,041
$718,204 |
$8,370,837 |
| 16 |
$15,082,262 |
$5,540,767
$754,113 |
$8,787,382 |
| 17 |
$15,836,110 |
$5,819,691
$791,806 |
$9,224,613 |
| 18 |
$16,628,036 |
$6,112,704
$831,402 |
$9,683,930 |
| 19 |
$17,459,486 |
$6,420,340
$872,974 |
$10,166,172 |
| 20 |
$18,332,388 |
$6,743,314
$916,619 |
$10,672,455 |
| 21 |
$19,249,152 |
$7,082,517
$962,458 |
$11,204,177 |
| 22 |
$20,211,706 |
$7,438,662
$1,010,585 |
$11,762,459 |
| 23 |
$21,221,978 |
$7,812,462
$1,061,099 |
$12,348,417 |
| 24 |
$22,283,342 |
$8,205,167
$1,114,167 |
$12,964,008 |
| 25 |
$23,397,244 |
$8,617,311
$1,169,862 |
$13,610,071 |
| 26 |
$24,567,540 |
$9,050,320
$1,228,377 |
$14,288,843 |
| 27 |
$25,795,676 |
$9,504,731
$1,289,784 |
$15,001,161 |
| 28 |
$27,085,508 |
$9,981,968
$1,354,275 |
$15,749,265 |
| 29 |
$28,439,928 |
$10,483,104
$1,421,996 |
$16,534,828 |
| 30 |
$29,861,828 |
$11,009,207
$1,493,091 |
$17,359,530 |
|
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