Iowa Lottery

IALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Iowa, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Iowa Powerball Jackpot/Cash Option for Mon Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(5%)	$24,920,000
Net Lumpsum Payment	$289,111,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$827,805	$9,642,208
2	$17,384,400	-$6,392,558 -$869,220	$10,122,622
3	$18,253,400	-$6,714,088 -$912,670	$10,626,642
4	$19,166,400	-$7,051,898 -$958,320	$11,156,182
5	$20,124,500	-$7,406,395 -$1,006,225	$11,711,880
6	$21,131,000	-$7,778,800 -$1,056,550	$12,295,650
7	$22,187,000	-$8,169,520 -$1,109,350	$12,908,130
8	$23,296,900	-$8,580,183 -$1,164,845	$13,551,872
9	$24,461,800	-$9,011,196 -$1,223,090	$14,227,514
10	$25,685,000	-$9,463,780 -$1,284,250	$14,936,970
11	$26,968,700	-$9,938,749 -$1,348,435	$15,681,516
12	$28,317,300	-$10,437,731 -$1,415,865	$16,463,704
13	$29,733,000	-$10,961,540 -$1,486,650	$17,284,810
14	$31,220,200	-$11,511,804 -$1,561,010	$18,147,386
15	$32,781,100	-$12,089,337 -$1,639,055	$19,052,708
16	$34,420,100	-$12,695,767 -$1,721,005	$20,003,328
17	$36,140,500	-$13,332,315 -$1,807,025	$21,001,160
18	$37,947,800	-$14,001,016 -$1,897,390	$22,049,394
19	$39,845,300	-$14,703,091 -$1,992,265	$23,149,944
20	$41,837,400	-$15,440,168 -$2,091,870	$24,305,362
21	$43,929,600	-$16,214,282 -$2,196,480	$25,518,838
22	$46,126,300	-$17,027,061 -$2,306,315	$26,792,924
23	$48,431,900	-$17,880,133 -$2,421,595	$28,130,172
24	$50,854,100	-$18,776,347 -$2,542,705	$29,535,048
25	$53,396,200	-$19,716,924 -$2,669,810	$31,009,466
26	$56,067,000	-$20,705,120 -$2,803,350	$32,558,530
27	$58,869,800	-$21,742,156 -$2,943,490	$34,184,154
28	$61,813,400	-$22,831,288 -$3,090,670	$35,891,442
29	$64,904,400	-$23,974,958 -$3,245,220	$37,684,222
30	$68,149,400	-$25,175,608 -$3,407,470	$39,566,322