Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 Minnesota, your state will take 7.25% 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.

Minnesota Powerball Jackpot/Cash Option for Mon Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(7.25%)	$14,355,000
Net Lumpsum Payment	$110,424,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$457,212	$3,555,470
2	$6,621,876	-$2,410,425 -$480,086	$3,731,365
3	$6,952,886	-$2,532,898 -$504,084	$3,915,904
4	$7,300,656	-$2,661,573 -$529,298	$4,109,785
5	$7,665,605	-$2,796,604 -$555,756	$4,313,245
6	$8,048,990	-$2,938,457 -$583,552	$4,526,981
7	$8,451,230	-$3,087,285 -$612,714	$4,751,231
8	$8,874,001	-$3,243,711 -$643,365	$4,986,925
9	$9,317,722	-$3,407,888 -$675,535	$5,234,299
10	$9,783,650	-$3,580,281 -$709,315	$5,494,054
11	$10,272,623	-$3,761,201 -$744,765	$5,766,657
12	$10,786,317	-$3,951,268 -$782,008	$6,053,041
13	$11,325,570	-$4,150,791 -$821,104	$6,353,675
14	$11,892,058	-$4,360,392 -$862,174	$6,669,492
15	$12,486,619	-$4,580,379 -$905,280	$7,000,960
16	$13,110,929	-$4,811,374 -$950,542	$7,349,013
17	$13,766,245	-$5,053,841 -$998,053	$7,714,351
18	$14,454,662	-$5,308,555 -$1,047,963	$8,098,144
19	$15,177,437	-$5,575,982 -$1,100,364	$8,501,091
20	$15,936,246	-$5,856,741 -$1,155,378	$8,924,127
21	$16,733,184	-$6,151,608 -$1,213,156	$9,368,420
22	$17,569,927	-$6,461,203 -$1,273,820	$9,834,904
23	$18,448,151	-$6,786,146 -$1,337,491	$10,324,514
24	$19,370,789	-$7,127,522 -$1,404,382	$10,838,885
25	$20,339,098	-$7,485,797 -$1,474,585	$11,378,716
26	$21,356,430	-$7,862,209 -$1,548,341	$11,945,880
27	$22,424,042	-$8,257,226 -$1,625,743	$12,541,073
28	$23,545,286	-$8,672,086 -$1,707,033	$13,166,167
29	$24,722,676	-$9,107,721 -$1,792,394	$13,822,561
30	$25,958,726	-$9,565,059 -$1,882,008	$14,511,659