The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Wed Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(7.25%) | $12,999,250 | | Net Lumpsum Payment | $99,999,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$410,290 |
$3,194,660 |
| 2 |
$5,942,304 |
$2,158,983
$430,817 |
$3,352,504 |
| 3 |
$6,239,344 |
$2,268,888
$452,352 |
$3,518,104 |
| 4 |
$6,551,424 |
$2,384,357
$474,978 |
$3,692,089 |
| 5 |
$6,878,920 |
$2,505,531
$498,722 |
$3,874,667 |
| 6 |
$7,222,960 |
$2,632,826
$523,665 |
$4,066,469 |
| 7 |
$7,583,920 |
$2,766,381
$549,834 |
$4,267,705 |
| 8 |
$7,963,304 |
$2,906,753
$577,340 |
$4,479,211 |
| 9 |
$8,361,488 |
$3,054,081
$606,208 |
$4,701,199 |
| 10 |
$8,779,600 |
$3,208,782
$636,521 |
$4,934,297 |
| 11 |
$9,218,392 |
$3,371,135
$668,333 |
$5,178,924 |
| 12 |
$9,679,368 |
$3,541,697
$701,754 |
$5,435,917 |
| 13 |
$10,163,280 |
$3,720,744
$736,838 |
$5,705,698 |
| 14 |
$10,671,632 |
$3,908,834
$773,693 |
$5,989,105 |
| 15 |
$11,205,176 |
$4,106,246
$812,375 |
$6,286,555 |
| 16 |
$11,765,416 |
$4,313,534
$852,993 |
$6,598,889 |
| 17 |
$12,353,480 |
$4,531,118
$895,627 |
$6,926,735 |
| 18 |
$12,971,248 |
$4,759,692
$940,415 |
$7,271,141 |
| 19 |
$13,619,848 |
$4,999,674
$987,439 |
$7,632,735 |
| 20 |
$14,300,784 |
$5,251,620
$1,036,807 |
$8,012,357 |
| 21 |
$15,015,936 |
$5,516,227
$1,088,655 |
$8,411,054 |
| 22 |
$15,766,808 |
$5,794,049
$1,143,094 |
$8,829,665 |
| 23 |
$16,554,904 |
$6,085,645
$1,200,231 |
$9,269,028 |
| 24 |
$17,382,856 |
$6,391,987
$1,260,257 |
$9,730,612 |
| 25 |
$18,251,792 |
$6,713,493
$1,323,255 |
$10,215,044 |
| 26 |
$19,164,720 |
$7,051,277
$1,389,442 |
$10,724,001 |
| 27 |
$20,122,768 |
$7,405,755
$1,458,901 |
$11,258,112 |
| 28 |
$21,128,944 |
$7,778,040
$1,531,848 |
$11,819,056 |
| 29 |
$22,185,504 |
$8,168,967
$1,608,449 |
$12,408,088 |
| 30 |
$23,294,704 |
$8,579,371
$1,688,866 |
$13,026,467 |
|
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