The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 Oct 18, 2025 |
|---|
| Draw Date | Sat Oct 18, 2025 | | Projected Jackpot | $295,000,000 | | Cash Value | $138,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $138,100,000 | | Federal Tax(24%) | $33,144,000 | | Additional Federal Tax | $17,913,330 | | State Tax(7.25%) | $10,012,250 | | Net Lumpsum Payment | $77,030,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,440,045 |
$1,603,147
$321,903 |
$2,514,995 |
| 2 |
$4,662,180 |
$1,685,337
$338,008 |
$2,638,835 |
| 3 |
$4,895,230 |
$1,771,565
$354,904 |
$2,768,761 |
| 4 |
$5,140,080 |
$1,862,160
$372,656 |
$2,905,264 |
| 5 |
$5,397,025 |
$1,957,230
$391,284 |
$3,048,511 |
| 6 |
$5,666,950 |
$2,057,102
$410,854 |
$3,198,994 |
| 7 |
$5,950,150 |
$2,161,886
$431,386 |
$3,356,878 |
| 8 |
$6,247,805 |
$2,272,018
$452,966 |
$3,522,821 |
| 9 |
$6,560,210 |
$2,387,608
$475,615 |
$3,696,987 |
| 10 |
$6,888,250 |
$2,508,983
$499,398 |
$3,879,869 |
| 11 |
$7,232,515 |
$2,636,361
$524,357 |
$4,071,797 |
| 12 |
$7,594,185 |
$2,770,179
$550,578 |
$4,273,428 |
| 13 |
$7,973,850 |
$2,910,655
$578,104 |
$4,485,091 |
| 14 |
$8,372,690 |
$3,058,226
$607,020 |
$4,707,444 |
| 15 |
$8,791,295 |
$3,213,110
$637,369 |
$4,940,816 |
| 16 |
$9,230,845 |
$3,375,743
$669,236 |
$5,185,866 |
| 17 |
$9,692,225 |
$3,546,454
$702,686 |
$5,443,085 |
| 18 |
$10,176,910 |
$3,725,787
$737,826 |
$5,713,297 |
| 19 |
$10,685,785 |
$3,914,071
$774,719 |
$5,996,995 |
| 20 |
$11,220,030 |
$4,111,741
$813,452 |
$6,294,837 |
| 21 |
$11,781,120 |
$4,319,345
$854,131 |
$6,607,644 |
| 22 |
$12,370,235 |
$4,537,317
$896,842 |
$6,936,076 |
| 23 |
$12,988,555 |
$4,766,096
$941,670 |
$7,280,789 |
| 24 |
$13,638,145 |
$5,006,444
$988,766 |
$7,642,935 |
| 25 |
$14,319,890 |
$5,258,690
$1,038,192 |
$8,023,008 |
| 26 |
$15,036,150 |
$5,523,706
$1,090,121 |
$8,422,323 |
| 27 |
$15,787,810 |
$5,801,820
$1,144,616 |
$8,841,374 |
| 28 |
$16,577,230 |
$6,093,905
$1,201,849 |
$9,281,476 |
| 29 |
$17,406,180 |
$6,400,617
$1,261,948 |
$9,743,615 |
| 30 |
$18,276,430 |
$6,722,609
$1,325,041 |
$10,228,780 |
|
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