Jackpot Analysis Minnesota Powerball

Jackpot Analysis for Minnesota Powerball
The jackpot for the Powerball draw on Sat Oct 11, 2025, is projected to be $244 Million, with an option for a cash payout of $114.2 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 Oct 11, 2025
Draw DateSat Oct 11, 2025
Projected Jackpot$244,000,000
Cash Value$114,200,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$114,200,000
Federal Tax(24%)$27,408,000
Additional Federal Tax$14,806,330
State Tax(7.25%)$8,279,500
Net Lumpsum Payment$63,706,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $3,672,444 $1,319,135
$266,252
$2,087,057
2 $3,856,176 $1,387,116
$279,573
$2,189,487
3 $4,048,936 $1,458,437
$293,548
$2,296,951
4 $4,251,456 $1,533,369
$308,231
$2,409,856
5 $4,463,980 $1,612,003
$323,639
$2,528,338
6 $4,687,240 $1,694,609
$339,825
$2,652,806
7 $4,921,480 $1,781,278
$356,807
$2,783,395
8 $5,167,676 $1,872,371
$374,657
$2,920,648
9 $5,426,072 $1,967,977
$393,390
$3,064,705
10 $5,697,400 $2,068,368
$413,062
$3,215,970
11 $5,982,148 $2,173,725
$433,706
$3,374,717
12 $6,281,292 $2,284,408
$455,394
$3,541,490
13 $6,595,320 $2,400,599
$478,161
$3,716,560
14 $6,925,208 $2,522,657
$502,078
$3,900,473
15 $7,271,444 $2,650,765
$527,180
$4,093,499
16 $7,635,004 $2,785,282
$553,538
$4,296,184
17 $8,016,620 $2,926,480
$581,205
$4,508,935
18 $8,417,512 $3,074,810
$610,270
$4,732,432
19 $8,838,412 $3,230,543
$640,785
$4,967,084
20 $9,280,296 $3,394,040
$672,821
$5,213,435
21 $9,744,384 $3,565,752
$706,468
$5,472,164
22 $10,231,652 $3,746,042
$741,795
$5,743,815
23 $10,743,076 $3,935,269
$778,873
$6,028,934
24 $11,280,364 $4,134,065
$817,826
$6,328,473
25 $11,844,248 $4,342,702
$858,708
$6,642,838
26 $12,436,680 $4,561,902
$901,659
$6,973,119
27 $13,058,392 $4,791,935
$946,733
$7,319,724
28 $13,711,336 $5,033,525
$994,072
$7,683,739
29 $14,396,976 $5,287,212
$1,043,781
$8,065,983
30 $15,116,776 $5,553,538
$1,095,966
$8,467,272