The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(7.25%) | $5,379,500 | | Net Lumpsum Payment | $41,406,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$176,774 |
$1,399,001 |
| 2 |
$2,560,248 |
$907,622
$185,618 |
$1,467,008 |
| 3 |
$2,688,228 |
$954,975
$194,897 |
$1,538,356 |
| 4 |
$2,822,688 |
$1,004,725
$204,645 |
$1,613,318 |
| 5 |
$2,963,790 |
$1,056,933
$214,875 |
$1,691,982 |
| 6 |
$3,112,020 |
$1,111,778
$225,621 |
$1,774,621 |
| 7 |
$3,267,540 |
$1,169,320
$236,897 |
$1,861,323 |
| 8 |
$3,430,998 |
$1,229,800
$248,747 |
$1,952,451 |
| 9 |
$3,602,556 |
$1,293,276
$261,185 |
$2,048,095 |
| 10 |
$3,782,700 |
$1,359,929
$274,246 |
$2,148,525 |
| 11 |
$3,971,754 |
$1,429,879
$287,952 |
$2,253,923 |
| 12 |
$4,170,366 |
$1,503,366
$302,352 |
$2,364,648 |
| 13 |
$4,378,860 |
$1,580,509
$317,467 |
$2,480,884 |
| 14 |
$4,597,884 |
$1,661,547
$333,347 |
$2,602,990 |
| 15 |
$4,827,762 |
$1,746,602
$350,013 |
$2,731,147 |
| 16 |
$5,069,142 |
$1,835,913
$367,513 |
$2,865,716 |
| 17 |
$5,322,510 |
$1,929,659
$385,882 |
$3,006,969 |
| 18 |
$5,588,676 |
$2,028,141
$405,179 |
$3,155,356 |
| 19 |
$5,868,126 |
$2,131,537
$425,439 |
$3,311,150 |
| 20 |
$6,161,508 |
$2,240,088
$446,709 |
$3,474,711 |
| 21 |
$6,469,632 |
$2,354,094
$469,048 |
$3,646,490 |
| 22 |
$6,793,146 |
$2,473,794
$492,503 |
$3,826,849 |
| 23 |
$7,132,698 |
$2,599,429
$517,121 |
$4,016,148 |
| 24 |
$7,489,422 |
$2,731,417
$542,983 |
$4,215,022 |
| 25 |
$7,863,804 |
$2,869,938
$570,126 |
$4,423,740 |
| 26 |
$8,257,140 |
$3,015,472
$598,643 |
$4,643,025 |
| 27 |
$8,669,916 |
$3,168,199
$628,569 |
$4,873,148 |
| 28 |
$9,103,428 |
$3,328,599
$659,999 |
$5,114,830 |
| 29 |
$9,558,648 |
$3,497,030
$693,002 |
$5,368,616 |
| 30 |
$10,036,548 |
$3,673,853
$727,650 |
$5,635,045 |
|
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