The jackpot for the Powerball draw on Wed Sep 17, 2025, is projected to be $81 Million, with an option for a cash payout of $37.9 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 Iowa residents, the state will deduct 5% from your lottery earnings.
| Iowa Powerball Jackpot/Cash Option for Wed Sep 17, 2025 |
|---|
| Draw Date | Wed Sep 17, 2025 | | Projected Jackpot | $81,000,000 | | Cash Value | $37,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,900,000 | | Federal Tax(24%) | $9,096,000 | | Additional Federal Tax | $4,887,330 | | State Tax(5%) | $1,895,000 | | Net Lumpsum Payment | $22,021,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$60,957 |
$746,765 |
| 2 |
$1,280,124 |
$433,976
$64,006 |
$782,142 |
| 3 |
$1,344,114 |
$457,653
$67,206 |
$819,255 |
| 4 |
$1,411,344 |
$482,528
$70,567 |
$858,249 |
| 5 |
$1,481,895 |
$508,632
$74,095 |
$899,168 |
| 6 |
$1,556,010 |
$536,054
$77,801 |
$942,155 |
| 7 |
$1,633,770 |
$564,825
$81,689 |
$987,256 |
| 8 |
$1,715,499 |
$595,065
$85,775 |
$1,034,659 |
| 9 |
$1,801,278 |
$626,803
$90,064 |
$1,084,411 |
| 10 |
$1,891,350 |
$660,130
$94,568 |
$1,136,652 |
| 11 |
$1,985,877 |
$695,105
$99,294 |
$1,191,478 |
| 12 |
$2,085,183 |
$731,848
$104,259 |
$1,249,076 |
| 13 |
$2,189,430 |
$770,419
$109,472 |
$1,309,539 |
| 14 |
$2,298,942 |
$810,939
$114,947 |
$1,373,056 |
| 15 |
$2,413,881 |
$853,466
$120,694 |
$1,439,721 |
| 16 |
$2,534,571 |
$898,122
$126,729 |
$1,509,720 |
| 17 |
$2,661,255 |
$944,995
$133,063 |
$1,583,197 |
| 18 |
$2,794,338 |
$994,235
$139,717 |
$1,660,386 |
| 19 |
$2,934,063 |
$1,045,934
$146,703 |
$1,741,426 |
| 20 |
$3,080,754 |
$1,100,209
$154,038 |
$1,826,507 |
| 21 |
$3,234,816 |
$1,157,212
$161,741 |
$1,915,863 |
| 22 |
$3,396,573 |
$1,217,062
$169,829 |
$2,009,682 |
| 23 |
$3,566,349 |
$1,279,880
$178,317 |
$2,108,152 |
| 24 |
$3,744,711 |
$1,345,873
$187,236 |
$2,211,602 |
| 25 |
$3,931,902 |
$1,415,134
$196,595 |
$2,320,173 |
| 26 |
$4,128,570 |
$1,487,901
$206,429 |
$2,434,240 |
| 27 |
$4,334,958 |
$1,564,265
$216,748 |
$2,553,945 |
| 28 |
$4,551,714 |
$1,644,465
$227,586 |
$2,679,663 |
| 29 |
$4,779,324 |
$1,728,680
$238,966 |
$2,811,678 |
| 30 |
$5,018,274 |
$1,817,092
$250,914 |
$2,950,268 |
|
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