The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Wed Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(7.25%) | $4,567,500 | | Net Lumpsum Payment | $35,162,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$152,768 |
$1,214,400 |
| 2 |
$2,212,560 |
$778,978
$160,411 |
$1,273,171 |
| 3 |
$2,323,160 |
$819,900
$168,429 |
$1,334,831 |
| 4 |
$2,439,360 |
$862,894
$176,854 |
$1,399,612 |
| 5 |
$2,561,300 |
$908,011
$185,694 |
$1,467,595 |
| 6 |
$2,689,400 |
$955,408
$194,982 |
$1,539,010 |
| 7 |
$2,823,800 |
$1,005,136
$204,726 |
$1,613,938 |
| 8 |
$2,965,060 |
$1,057,403
$214,967 |
$1,692,690 |
| 9 |
$3,113,320 |
$1,112,259
$225,716 |
$1,775,345 |
| 10 |
$3,269,000 |
$1,169,860
$237,003 |
$1,862,137 |
| 11 |
$3,432,380 |
$1,230,311
$248,848 |
$1,953,221 |
| 12 |
$3,604,020 |
$1,293,818
$261,291 |
$2,048,911 |
| 13 |
$3,784,200 |
$1,360,484
$274,355 |
$2,149,361 |
| 14 |
$3,973,480 |
$1,430,518
$288,077 |
$2,254,885 |
| 15 |
$4,172,140 |
$1,504,022
$302,480 |
$2,365,638 |
| 16 |
$4,380,740 |
$1,581,204
$317,604 |
$2,481,932 |
| 17 |
$4,599,700 |
$1,662,219
$333,478 |
$2,604,003 |
| 18 |
$4,829,720 |
$1,747,327
$350,155 |
$2,732,238 |
| 19 |
$5,071,220 |
$1,836,682
$367,663 |
$2,866,875 |
| 20 |
$5,324,760 |
$1,930,492
$386,045 |
$3,008,223 |
| 21 |
$5,591,040 |
$2,029,015
$405,350 |
$3,156,675 |
| 22 |
$5,870,620 |
$2,132,460
$425,620 |
$3,312,540 |
| 23 |
$6,164,060 |
$2,241,033
$446,894 |
$3,476,133 |
| 24 |
$6,472,340 |
$2,355,096
$469,245 |
$3,647,999 |
| 25 |
$6,795,880 |
$2,474,806
$492,701 |
$3,828,373 |
| 26 |
$7,135,800 |
$2,600,576
$517,346 |
$4,017,878 |
| 27 |
$7,492,520 |
$2,732,563
$543,208 |
$4,216,749 |
| 28 |
$7,867,160 |
$2,871,180
$570,369 |
$4,425,611 |
| 29 |
$8,260,560 |
$3,016,738
$598,891 |
$4,644,931 |
| 30 |
$8,673,560 |
$3,169,548
$628,833 |
$4,875,179 |
|
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