The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(5%) | $3,855,000 | | Net Lumpsum Payment | $44,757,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$126,428 |
$1,506,239 |
| 2 |
$2,655,072 |
$942,707
$132,754 |
$1,579,611 |
| 3 |
$2,787,792 |
$991,813
$139,390 |
$1,656,589 |
| 4 |
$2,927,232 |
$1,043,406
$146,362 |
$1,737,464 |
| 5 |
$3,073,560 |
$1,097,548
$153,678 |
$1,822,334 |
| 6 |
$3,227,280 |
$1,154,424
$161,364 |
$1,911,492 |
| 7 |
$3,388,560 |
$1,214,098
$169,428 |
$2,005,034 |
| 8 |
$3,558,072 |
$1,276,817
$177,904 |
$2,103,351 |
| 9 |
$3,735,984 |
$1,342,644
$186,799 |
$2,206,541 |
| 10 |
$3,922,800 |
$1,411,766
$196,140 |
$2,314,894 |
| 11 |
$4,118,856 |
$1,484,307
$205,943 |
$2,428,606 |
| 12 |
$4,324,824 |
$1,560,515
$216,241 |
$2,548,068 |
| 13 |
$4,541,040 |
$1,640,515
$227,052 |
$2,673,473 |
| 14 |
$4,768,176 |
$1,724,556
$238,409 |
$2,805,211 |
| 15 |
$5,006,568 |
$1,812,761
$250,328 |
$2,943,479 |
| 16 |
$5,256,888 |
$1,905,379
$262,844 |
$3,088,665 |
| 17 |
$5,519,640 |
$2,002,597
$275,982 |
$3,241,061 |
| 18 |
$5,795,664 |
$2,104,726
$289,783 |
$3,401,155 |
| 19 |
$6,085,464 |
$2,211,952
$304,273 |
$3,569,239 |
| 20 |
$6,389,712 |
$2,324,524
$319,486 |
$3,745,702 |
| 21 |
$6,709,248 |
$2,442,752
$335,462 |
$3,931,034 |
| 22 |
$7,044,744 |
$2,566,886
$352,237 |
$4,125,621 |
| 23 |
$7,396,872 |
$2,697,173
$369,844 |
$4,329,855 |
| 24 |
$7,766,808 |
$2,834,049
$388,340 |
$4,544,419 |
| 25 |
$8,155,056 |
$2,977,701
$407,753 |
$4,769,602 |
| 26 |
$8,562,960 |
$3,128,626
$428,148 |
$5,006,186 |
| 27 |
$8,991,024 |
$3,287,009
$449,551 |
$5,254,464 |
| 28 |
$9,440,592 |
$3,453,349
$472,030 |
$5,515,213 |
| 29 |
$9,912,672 |
$3,628,019
$495,634 |
$5,789,019 |
| 30 |
$10,408,272 |
$3,811,391
$520,414 |
$6,076,467 |
|
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