The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota Powerball Jackpot/Cash Option for Sat Jul 19, 2025 |
|---|
| Draw Date | Sat Jul 19, 2025 | | Projected Jackpot | $288,000,000 | | Cash Value | $130,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $130,600,000 | | Federal Tax(24%) | $31,344,000 | | Additional Federal Tax | $16,938,330 | | State Tax(7.25%) | $9,468,500 | | Net Lumpsum Payment | $72,849,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,334,688 |
$1,564,165
$314,265 |
$2,456,258 |
| 2 |
$4,551,552 |
$1,644,405
$329,988 |
$2,577,159 |
| 3 |
$4,779,072 |
$1,728,587
$346,483 |
$2,704,002 |
| 4 |
$5,018,112 |
$1,817,032
$363,813 |
$2,837,267 |
| 5 |
$5,268,960 |
$1,909,846
$382,000 |
$2,977,114 |
| 6 |
$5,532,480 |
$2,007,348
$401,105 |
$3,124,027 |
| 7 |
$5,808,960 |
$2,109,646
$421,150 |
$3,278,164 |
| 8 |
$6,099,552 |
$2,217,165
$442,218 |
$3,440,169 |
| 9 |
$6,404,544 |
$2,330,012
$464,329 |
$3,610,203 |
| 10 |
$6,724,800 |
$2,448,506
$487,548 |
$3,788,746 |
| 11 |
$7,060,896 |
$2,572,862
$511,915 |
$3,976,119 |
| 12 |
$7,413,984 |
$2,703,504
$537,514 |
$4,172,966 |
| 13 |
$7,784,640 |
$2,840,647
$564,386 |
$4,379,607 |
| 14 |
$8,174,016 |
$2,984,716
$592,616 |
$4,596,684 |
| 15 |
$8,582,688 |
$3,135,925
$622,245 |
$4,824,518 |
| 16 |
$9,011,808 |
$3,294,699
$653,356 |
$5,063,753 |
| 17 |
$9,462,240 |
$3,461,359
$686,012 |
$5,314,869 |
| 18 |
$9,935,424 |
$3,636,437
$720,318 |
$5,578,669 |
| 19 |
$10,432,224 |
$3,820,253
$756,336 |
$5,855,635 |
| 20 |
$10,953,792 |
$4,013,233
$794,150 |
$6,146,409 |
| 21 |
$11,501,568 |
$4,215,911
$833,864 |
$6,451,793 |
| 22 |
$12,076,704 |
$4,428,711
$875,561 |
$6,772,432 |
| 23 |
$12,680,352 |
$4,652,061
$919,326 |
$7,108,965 |
| 24 |
$13,314,528 |
$4,886,706
$965,303 |
$7,462,519 |
| 25 |
$13,980,096 |
$5,132,966
$1,013,557 |
$7,833,573 |
| 26 |
$14,679,360 |
$5,391,694
$1,064,254 |
$8,223,412 |
| 27 |
$15,413,184 |
$5,663,208
$1,117,456 |
$8,632,520 |
| 28 |
$16,183,872 |
$5,948,363
$1,173,331 |
$9,062,178 |
| 29 |
$16,993,152 |
$6,247,797
$1,232,004 |
$9,513,351 |
| 30 |
$17,842,752 |
$6,562,149
$1,293,600 |
$9,987,003 |
|
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