Iowa Lottery

IALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(5%)	$9,675,000
Net Lumpsum Payment	$112,269,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$320,586	$3,758,471
2	$6,732,504	-$2,451,357 -$336,625	$3,944,522
3	$7,069,044	-$2,575,877 -$353,452	$4,139,715
4	$7,422,624	-$2,706,701 -$371,131	$4,344,792
5	$7,793,670	-$2,843,988 -$389,684	$4,559,998
6	$8,183,460	-$2,988,211 -$409,173	$4,786,076
7	$8,592,420	-$3,139,526 -$429,621	$5,023,273
8	$9,022,254	-$3,298,564 -$451,113	$5,272,577
9	$9,473,388	-$3,465,484 -$473,669	$5,534,235
10	$9,947,100	-$3,640,757 -$497,355	$5,808,988
11	$10,444,242	-$3,824,700 -$522,212	$6,097,330
12	$10,966,518	-$4,017,942 -$548,326	$6,400,250
13	$11,514,780	-$4,220,799 -$575,739	$6,718,242
14	$12,090,732	-$4,433,901 -$604,537	$7,052,294
15	$12,695,226	-$4,657,564 -$634,761	$7,402,901
16	$13,329,966	-$4,892,418 -$666,498	$7,771,050
17	$13,996,230	-$5,138,935 -$699,812	$8,157,483
18	$14,696,148	-$5,397,905 -$734,807	$8,563,436
19	$15,430,998	-$5,669,800 -$771,550	$8,989,648
20	$16,202,484	-$5,955,249 -$810,124	$9,437,111
21	$17,012,736	-$6,255,043 -$850,637	$9,907,056
22	$17,863,458	-$6,569,810 -$893,173	$10,400,475
23	$18,756,354	-$6,900,181 -$937,818	$10,918,355
24	$19,694,406	-$7,247,261 -$984,720	$11,462,425
25	$20,678,892	-$7,611,520 -$1,033,945	$12,033,427
26	$21,713,220	-$7,994,222 -$1,085,661	$12,633,337
27	$22,798,668	-$8,395,838 -$1,139,933	$13,262,897
28	$23,938,644	-$8,817,629 -$1,196,932	$13,924,083
29	$25,135,704	-$9,260,541 -$1,256,785	$14,618,378
30	$26,392,404	-$9,725,520 -$1,319,620	$15,347,264