Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(7.25%)	$21,982,000
Net Lumpsum Payment	$169,073,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$713,643	$5,527,340
2	$10,335,816	-$3,784,582 -$749,347	$5,801,887
3	$10,852,476	-$3,975,747 -$786,805	$6,089,924
4	$11,395,296	-$4,176,590 -$826,159	$6,392,547
5	$11,964,930	-$4,387,354 -$867,457	$6,710,119
6	$12,563,340	-$4,608,766 -$910,842	$7,043,732
7	$13,191,180	-$4,841,067 -$956,361	$7,393,752
8	$13,851,066	-$5,085,225 -$1,004,202	$7,761,639
9	$14,543,652	-$5,341,482 -$1,054,415	$8,147,755
10	$15,270,900	-$5,610,563 -$1,107,140	$8,553,197
11	$16,034,118	-$5,892,954 -$1,162,474	$8,978,690
12	$16,835,922	-$6,189,622 -$1,220,604	$9,425,696
13	$17,677,620	-$6,501,050 -$1,281,627	$9,894,943
14	$18,561,828	-$6,828,207 -$1,345,733	$10,387,888
15	$19,489,854	-$7,171,576 -$1,413,014	$10,905,264
16	$20,464,314	-$7,532,127 -$1,483,663	$11,448,524
17	$21,487,170	-$7,910,583 -$1,557,820	$12,018,767
18	$22,561,692	-$8,308,156 -$1,635,723	$12,617,813
19	$23,689,842	-$8,725,572 -$1,717,514	$13,246,756
20	$24,874,236	-$9,163,798 -$1,803,382	$13,907,056
21	$26,118,144	-$9,624,044 -$1,893,565	$14,600,535
22	$27,424,182	-$10,107,278 -$1,988,253	$15,328,651
23	$28,794,966	-$10,614,468 -$2,087,635	$16,092,863
24	$30,235,074	-$11,147,308 -$2,192,043	$16,895,723
25	$31,746,468	-$11,706,524 -$2,301,619	$17,738,325
26	$33,334,380	-$12,294,051 -$2,416,743	$18,623,586
27	$35,000,772	-$12,910,616 -$2,537,556	$19,552,600
28	$36,750,876	-$13,558,155 -$2,664,439	$20,528,282
29	$38,588,616	-$14,238,118 -$2,797,675	$21,552,823
30	$40,517,916	-$14,951,959 -$2,937,549	$22,628,408