Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Sat Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(7.25%)	$5,589,750
Net Lumpsum Payment	$43,022,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$183,321	$1,449,346
2	$2,655,072	-$942,707 -$192,493	$1,519,872
3	$2,787,792	-$991,813 -$202,115	$1,593,864
4	$2,927,232	-$1,043,406 -$212,224	$1,671,602
5	$3,073,560	-$1,097,548 -$222,833	$1,753,179
6	$3,227,280	-$1,154,424 -$233,978	$1,838,878
7	$3,388,560	-$1,214,098 -$245,671	$1,928,791
8	$3,558,072	-$1,276,817 -$257,960	$2,023,295
9	$3,735,984	-$1,342,644 -$270,859	$2,122,481
10	$3,922,800	-$1,411,766 -$284,403	$2,226,631
11	$4,118,856	-$1,484,307 -$298,617	$2,335,932
12	$4,324,824	-$1,560,515 -$313,550	$2,450,759
13	$4,541,040	-$1,640,515 -$329,225	$2,571,300
14	$4,768,176	-$1,724,556 -$345,693	$2,697,927
15	$5,006,568	-$1,812,761 -$362,976	$2,830,831
16	$5,256,888	-$1,905,379 -$381,124	$2,970,385
17	$5,519,640	-$2,002,597 -$400,174	$3,116,869
18	$5,795,664	-$2,104,726 -$420,186	$3,270,752
19	$6,085,464	-$2,211,952 -$441,196	$3,432,316
20	$6,389,712	-$2,324,524 -$463,254	$3,601,934
21	$6,709,248	-$2,442,752 -$486,420	$3,780,076
22	$7,044,744	-$2,566,886 -$510,744	$3,967,114
23	$7,396,872	-$2,697,173 -$536,273	$4,163,426
24	$7,766,808	-$2,834,049 -$563,094	$4,369,665
25	$8,155,056	-$2,977,701 -$591,242	$4,586,113
26	$8,562,960	-$3,128,626 -$620,815	$4,813,519
27	$8,991,024	-$3,287,009 -$651,849	$5,052,166
28	$9,440,592	-$3,453,349 -$684,443	$5,302,800
29	$9,912,672	-$3,628,019 -$718,669	$5,565,984
30	$10,408,272	-$3,811,391 -$754,600	$5,842,281