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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota 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(7.25%) | $2,747,750 | | Net Lumpsum Payment | $21,168,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$88,387 |
$719,335 |
| 2 |
$1,280,124 |
$433,976
$92,809 |
$753,339 |
| 3 |
$1,344,114 |
$457,653
$97,448 |
$789,013 |
| 4 |
$1,411,344 |
$482,528
$102,322 |
$826,494 |
| 5 |
$1,481,895 |
$508,632
$107,437 |
$865,826 |
| 6 |
$1,556,010 |
$536,054
$112,811 |
$907,145 |
| 7 |
$1,633,770 |
$564,825
$118,448 |
$950,497 |
| 8 |
$1,715,499 |
$595,065
$124,374 |
$996,060 |
| 9 |
$1,801,278 |
$626,803
$130,593 |
$1,043,882 |
| 10 |
$1,891,350 |
$660,130
$137,123 |
$1,094,097 |
| 11 |
$1,985,877 |
$695,105
$143,976 |
$1,146,796 |
| 12 |
$2,085,183 |
$731,848
$151,176 |
$1,202,159 |
| 13 |
$2,189,430 |
$770,419
$158,734 |
$1,260,277 |
| 14 |
$2,298,942 |
$810,939
$166,673 |
$1,321,330 |
| 15 |
$2,413,881 |
$853,466
$175,006 |
$1,385,409 |
| 16 |
$2,534,571 |
$898,122
$183,756 |
$1,452,693 |
| 17 |
$2,661,255 |
$944,995
$192,941 |
$1,523,319 |
| 18 |
$2,794,338 |
$994,235
$202,590 |
$1,597,513 |
| 19 |
$2,934,063 |
$1,045,934
$212,720 |
$1,675,409 |
| 20 |
$3,080,754 |
$1,100,209
$223,355 |
$1,757,190 |
| 21 |
$3,234,816 |
$1,157,212
$234,524 |
$1,843,080 |
| 22 |
$3,396,573 |
$1,217,062
$246,252 |
$1,933,259 |
| 23 |
$3,566,349 |
$1,279,880
$258,560 |
$2,027,909 |
| 24 |
$3,744,711 |
$1,345,873
$271,492 |
$2,127,346 |
| 25 |
$3,931,902 |
$1,415,134
$285,063 |
$2,231,705 |
| 26 |
$4,128,570 |
$1,487,901
$299,321 |
$2,341,348 |
| 27 |
$4,334,958 |
$1,564,265
$314,284 |
$2,456,409 |
| 28 |
$4,551,714 |
$1,644,465
$329,999 |
$2,577,250 |
| 29 |
$4,779,324 |
$1,728,680
$346,501 |
$2,704,143 |
| 30 |
$5,018,274 |
$1,817,092
$363,825 |
$2,837,357 |
|
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