The jackpot for the Powerball draw on Mon Oct 20, 2025, is projected to be $304 Million, with an option for a cash payout of $144.6 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 Mon Oct 20, 2025 |
|---|
| Draw Date | Mon Oct 20, 2025 | | Projected Jackpot | $304,000,000 | | Cash Value | $144,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $144,600,000 | | Federal Tax(24%) | $34,704,000 | | Additional Federal Tax | $18,758,330 | | State Tax(5%) | $7,230,000 | | Net Lumpsum Payment | $83,907,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,575,504 |
$1,653,267
$228,775 |
$2,693,462 |
| 2 |
$4,804,416 |
$1,737,964
$240,221 |
$2,826,231 |
| 3 |
$5,044,576 |
$1,826,824
$252,229 |
$2,965,523 |
| 4 |
$5,296,896 |
$1,920,182
$264,845 |
$3,111,869 |
| 5 |
$5,561,680 |
$2,018,152
$278,084 |
$3,265,444 |
| 6 |
$5,839,840 |
$2,121,071
$291,992 |
$3,426,777 |
| 7 |
$6,131,680 |
$2,229,052
$306,584 |
$3,596,044 |
| 8 |
$6,438,416 |
$2,342,544
$321,921 |
$3,773,951 |
| 9 |
$6,760,352 |
$2,461,661
$338,018 |
$3,960,673 |
| 10 |
$7,098,400 |
$2,586,738
$354,920 |
$4,156,742 |
| 11 |
$7,453,168 |
$2,718,003
$372,658 |
$4,362,507 |
| 12 |
$7,825,872 |
$2,855,903
$391,294 |
$4,578,675 |
| 13 |
$8,217,120 |
$3,000,665
$410,856 |
$4,805,599 |
| 14 |
$8,628,128 |
$3,152,738
$431,406 |
$5,043,984 |
| 15 |
$9,059,504 |
$3,312,347
$452,975 |
$5,294,182 |
| 16 |
$9,512,464 |
$3,479,942
$475,623 |
$5,556,899 |
| 17 |
$9,987,920 |
$3,655,861
$499,396 |
$5,832,663 |
| 18 |
$10,487,392 |
$3,840,665
$524,370 |
$6,122,357 |
| 19 |
$11,011,792 |
$4,034,693
$550,590 |
$6,426,509 |
| 20 |
$11,562,336 |
$4,238,395
$578,117 |
$6,745,824 |
| 21 |
$12,140,544 |
$4,452,332
$607,027 |
$7,081,185 |
| 22 |
$12,747,632 |
$4,676,954
$637,382 |
$7,433,296 |
| 23 |
$13,384,816 |
$4,912,712
$669,241 |
$7,802,863 |
| 24 |
$14,054,224 |
$5,160,393
$702,711 |
$8,191,120 |
| 25 |
$14,756,768 |
$5,420,335
$737,838 |
$8,598,595 |
| 26 |
$15,494,880 |
$5,693,436
$774,744 |
$9,026,700 |
| 27 |
$16,269,472 |
$5,980,035
$813,474 |
$9,475,963 |
| 28 |
$17,082,976 |
$6,281,032
$854,149 |
$9,947,795 |
| 29 |
$17,937,216 |
$6,597,100
$896,861 |
$10,443,255 |
| 30 |
$18,834,016 |
$6,928,916
$941,701 |
$10,963,399 |
|
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