Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 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 Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(7.25%)	$8,758,000
Net Lumpsum Payment	$67,385,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$281,529	$2,204,530
2	$4,077,432	-$1,468,980 -$295,614	$2,312,838
3	$4,281,252	-$1,544,394 -$310,391	$2,426,467
4	$4,495,392	-$1,623,625 -$325,916	$2,545,851
5	$4,720,110	-$1,706,771 -$342,208	$2,671,131
6	$4,956,180	-$1,794,117 -$359,323	$2,802,740
7	$5,203,860	-$1,885,759 -$377,280	$2,940,821
8	$5,464,182	-$1,982,078 -$396,153	$3,085,951
9	$5,737,404	-$2,083,170 -$415,962	$3,238,272
10	$6,024,300	-$2,189,321 -$436,762	$3,398,217
11	$6,325,386	-$2,300,723 -$458,590	$3,566,073
12	$6,641,694	-$2,417,757 -$481,523	$3,742,414
13	$6,973,740	-$2,540,614 -$505,596	$3,927,530
14	$7,322,556	-$2,669,676 -$530,885	$4,121,995
15	$7,688,658	-$2,805,134 -$557,428	$4,326,096
16	$8,073,078	-$2,947,369 -$585,298	$4,540,411
17	$8,476,590	-$3,096,669 -$614,553	$4,765,368
18	$8,900,484	-$3,253,509 -$645,285	$5,001,690
19	$9,345,534	-$3,418,178 -$677,551	$5,249,805
20	$9,812,772	-$3,591,056 -$711,426	$5,510,290
21	$10,303,488	-$3,772,621 -$747,003	$5,783,864
22	$10,818,714	-$3,963,255 -$784,357	$6,071,102
23	$11,359,482	-$4,163,339 -$823,562	$6,372,581
24	$11,927,598	-$4,373,542 -$864,751	$6,689,305
25	$12,523,836	-$4,594,150 -$907,978	$7,021,708
26	$13,150,260	-$4,825,927 -$953,394	$7,370,939
27	$13,807,644	-$5,069,159 -$1,001,054	$7,737,431
28	$14,498,052	-$5,324,610 -$1,051,109	$8,122,333
29	$15,223,032	-$5,592,852 -$1,103,670	$8,526,510
30	$15,984,132	-$5,874,459 -$1,158,850	$8,950,823