The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota Powerball Jackpot/Cash Option for Sat Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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