The jackpot for the Powerball draw on Wed Dec 3, 2025, is projected to be $775 Million, with an option for a cash payout of $362.5 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 Wed Dec 3, 2025 |
|---|
| Draw Date | Wed Dec 3, 2025 | | Projected Jackpot | $775,000,000 | | Cash Value | $362,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $362,500,000 | | Federal Tax(24%) | $87,000,000 | | Additional Federal Tax | $47,085,330 | | State Tax(7.25%) | $26,281,250 | | Net Lumpsum Payment | $202,133,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,664,525 |
$4,276,205
$845,678 |
$6,542,642 |
| 2 |
$12,248,100 |
$4,492,127
$887,987 |
$6,867,986 |
| 3 |
$12,860,350 |
$4,718,660
$932,375 |
$7,209,315 |
| 4 |
$13,503,600 |
$4,956,662
$979,011 |
$7,567,927 |
| 5 |
$14,178,625 |
$5,206,422
$1,027,950 |
$7,944,253 |
| 6 |
$14,887,750 |
$5,468,798
$1,079,362 |
$8,339,590 |
| 7 |
$15,631,750 |
$5,744,078
$1,133,302 |
$8,754,370 |
| 8 |
$16,413,725 |
$6,033,409
$1,189,995 |
$9,190,321 |
| 9 |
$17,234,450 |
$6,337,077
$1,249,498 |
$9,647,875 |
| 10 |
$18,096,250 |
$6,655,943
$1,311,978 |
$10,128,329 |
| 11 |
$19,000,675 |
$6,990,580
$1,377,549 |
$10,632,546 |
| 12 |
$19,950,825 |
$7,342,136
$1,446,435 |
$11,162,254 |
| 13 |
$20,948,250 |
$7,711,183
$1,518,748 |
$11,718,319 |
| 14 |
$21,996,050 |
$8,098,869
$1,594,714 |
$12,302,467 |
| 15 |
$23,095,775 |
$8,505,767
$1,674,444 |
$12,915,564 |
| 16 |
$24,250,525 |
$8,933,025
$1,758,163 |
$13,559,337 |
| 17 |
$25,462,625 |
$9,381,502
$1,846,040 |
$14,235,083 |
| 18 |
$26,735,950 |
$9,852,632
$1,938,356 |
$14,944,962 |
| 19 |
$28,072,825 |
$10,347,276
$2,035,280 |
$15,690,269 |
| 20 |
$29,476,350 |
$10,866,580
$2,137,035 |
$16,472,735 |
| 21 |
$30,950,400 |
$11,411,978
$2,243,904 |
$17,294,518 |
| 22 |
$32,498,075 |
$11,984,618
$2,356,110 |
$18,157,347 |
| 23 |
$34,122,475 |
$12,585,646
$2,473,879 |
$19,062,950 |
| 24 |
$35,829,025 |
$13,217,070
$2,597,604 |
$20,014,351 |
| 25 |
$37,620,050 |
$13,879,749
$2,727,454 |
$21,012,847 |
| 26 |
$39,501,750 |
$14,575,978
$2,863,877 |
$22,061,895 |
| 27 |
$41,476,450 |
$15,306,617
$3,007,043 |
$23,162,790 |
| 28 |
$43,550,350 |
$16,073,960
$3,157,400 |
$24,318,990 |
| 29 |
$45,728,100 |
$16,879,727
$3,315,287 |
$25,533,086 |
| 30 |
$48,014,350 |
$17,725,640
$3,481,040 |
$26,807,670 |
|
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