The jackpot for the Powerball draw on Sat Dec 20, 2025, is projected to be $1.50 Billion, with an option for a cash payout of $686.5 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 Sat Dec 20, 2025 |
|---|
| Draw Date | Sat Dec 20, 2025 | | Projected Jackpot | $1,500,000,000 | | Cash Value | $686,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $686,500,000 | | Federal Tax(24%) | $164,760,000 | | Additional Federal Tax | $89,205,330 | | State Tax(7.25%) | $49,771,250 | | Net Lumpsum Payment | $382,763,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$22,576,500 |
$8,313,635
$1,636,796 |
$12,626,069 |
| 2 |
$23,706,000 |
$8,731,550
$1,718,685 |
$13,255,765 |
| 3 |
$24,891,000 |
$9,170,000
$1,804,598 |
$13,916,402 |
| 4 |
$26,136,000 |
$9,630,650
$1,894,860 |
$14,610,490 |
| 5 |
$27,442,500 |
$10,114,055
$1,989,581 |
$15,338,864 |
| 6 |
$28,815,000 |
$10,621,880
$2,089,088 |
$16,104,032 |
| 7 |
$30,255,000 |
$11,154,680
$2,193,488 |
$16,906,832 |
| 8 |
$31,768,500 |
$11,714,675
$2,303,216 |
$17,750,609 |
| 9 |
$33,357,000 |
$12,302,420
$2,418,383 |
$18,636,197 |
| 10 |
$35,025,000 |
$12,919,580
$2,539,313 |
$19,566,107 |
| 11 |
$36,775,500 |
$13,567,265
$2,666,224 |
$20,542,011 |
| 12 |
$38,614,500 |
$14,247,695
$2,799,551 |
$21,567,254 |
| 13 |
$40,545,000 |
$14,961,980
$2,939,513 |
$22,643,507 |
| 14 |
$42,573,000 |
$15,712,340
$3,086,543 |
$23,774,117 |
| 15 |
$44,701,500 |
$16,499,885
$3,240,859 |
$24,960,756 |
| 16 |
$46,936,500 |
$17,326,835
$3,402,896 |
$26,206,769 |
| 17 |
$49,282,500 |
$18,194,855
$3,572,981 |
$27,514,664 |
| 18 |
$51,747,000 |
$19,106,720
$3,751,658 |
$28,888,622 |
| 19 |
$54,334,500 |
$20,064,095
$3,939,251 |
$30,331,154 |
| 20 |
$57,051,000 |
$21,069,200
$4,136,198 |
$31,845,602 |
| 21 |
$59,904,000 |
$22,124,810
$4,343,040 |
$33,436,150 |
| 22 |
$62,899,500 |
$23,233,145
$4,560,214 |
$35,106,141 |
| 23 |
$66,043,500 |
$24,396,425
$4,788,154 |
$36,858,921 |
| 24 |
$69,346,500 |
$25,618,535
$5,027,621 |
$38,700,344 |
| 25 |
$72,813,000 |
$26,901,140
$5,278,943 |
$40,632,917 |
| 26 |
$76,455,000 |
$28,248,680
$5,542,988 |
$42,663,332 |
| 27 |
$80,277,000 |
$29,662,820
$5,820,083 |
$44,794,097 |
| 28 |
$84,291,000 |
$31,148,000
$6,111,098 |
$47,031,902 |
| 29 |
$88,506,000 |
$32,707,550
$6,416,685 |
$49,381,765 |
| 30 |
$92,931,000 |
$34,344,800
$6,737,498 |
$51,848,702 |
|
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