The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(7.25%) | $55,846,750 | | Net Lumpsum Payment | $429,481,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$1,855,036 |
$14,304,255 |
| 2 |
$26,866,800 |
$9,901,046
$1,947,843 |
$15,017,911 |
| 3 |
$28,209,800 |
$10,397,956
$2,045,211 |
$15,766,633 |
| 4 |
$29,620,800 |
$10,920,026
$2,147,508 |
$16,553,266 |
| 5 |
$31,101,500 |
$11,467,885
$2,254,859 |
$17,378,756 |
| 6 |
$32,657,000 |
$12,043,420
$2,367,633 |
$18,245,947 |
| 7 |
$34,289,000 |
$12,647,260
$2,485,953 |
$19,155,787 |
| 8 |
$36,004,300 |
$13,281,921
$2,610,312 |
$20,112,067 |
| 9 |
$37,804,600 |
$13,948,032
$2,740,834 |
$21,115,734 |
| 10 |
$39,695,000 |
$14,647,480
$2,877,888 |
$22,169,632 |
| 11 |
$41,678,900 |
$15,381,523
$3,021,720 |
$23,275,657 |
| 12 |
$43,763,100 |
$16,152,677
$3,172,825 |
$24,437,598 |
| 13 |
$45,951,000 |
$16,962,200
$3,331,448 |
$25,657,352 |
| 14 |
$48,249,400 |
$17,812,608
$3,498,082 |
$26,938,710 |
| 15 |
$50,661,700 |
$18,705,159
$3,672,973 |
$28,283,568 |
| 16 |
$53,194,700 |
$19,642,369
$3,856,616 |
$29,695,715 |
| 17 |
$55,853,500 |
$20,626,125
$4,049,379 |
$31,177,996 |
| 18 |
$58,646,600 |
$21,659,572
$4,251,879 |
$32,735,149 |
| 19 |
$61,579,100 |
$22,744,597
$4,464,485 |
$34,370,018 |
| 20 |
$64,657,800 |
$23,883,716
$4,687,691 |
$36,086,393 |
| 21 |
$67,891,200 |
$25,080,074
$4,922,112 |
$37,889,014 |
| 22 |
$71,286,100 |
$26,336,187
$5,168,242 |
$39,781,671 |
| 23 |
$74,849,300 |
$27,654,571
$5,426,574 |
$41,768,155 |
| 24 |
$78,592,700 |
$29,039,629
$5,697,971 |
$43,855,100 |
| 25 |
$82,521,400 |
$30,493,248
$5,982,802 |
$46,045,350 |
| 26 |
$86,649,000 |
$32,020,460
$6,282,053 |
$48,346,487 |
| 27 |
$90,980,600 |
$33,623,152
$6,596,094 |
$50,761,354 |
| 28 |
$95,529,800 |
$35,306,356
$6,925,911 |
$53,297,533 |
| 29 |
$100,306,800 |
$37,073,846
$7,272,243 |
$55,960,711 |
| 30 |
$105,321,800 |
$38,929,396
$7,635,831 |
$58,756,573 |
|
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