Iowa Lottery

IALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 25, 2026 is estimated to be $141 Million, with a cash option of 62 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Iowa, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Iowa Powerball Jackpot/Cash Option for Mon May 25, 2026

Draw Date	Jackpot	Cash Option
Mon May 25, 2026	$141,000,000	$62,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,000,000
Federal Tax(24%)	$14,880,000
Additional Federal Tax	$8,020,330
State Tax(5%)	$3,100,000
Net Lumpsum Payment	$35,999,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,122,191	-$745,541 -$106,110	$1,270,540
2	$2,228,364	-$784,825 -$111,418	$1,332,121
3	$2,339,754	-$826,039 -$116,988	$1,396,727
4	$2,456,784	-$869,340 -$122,839	$1,464,605
5	$2,579,595	-$914,781 -$128,980	$1,535,834
6	$2,708,610	-$962,516 -$135,431	$1,610,663
7	$2,843,970	-$1,012,599 -$142,199	$1,689,172
8	$2,986,239	-$1,065,239 -$149,312	$1,771,688
9	$3,135,558	-$1,120,487 -$156,778	$1,858,293
10	$3,292,350	-$1,178,500 -$164,618	$1,949,232
11	$3,456,897	-$1,239,382 -$172,845	$2,044,670
12	$3,629,763	-$1,303,343 -$181,488	$2,144,932
13	$3,811,230	-$1,370,485 -$190,562	$2,250,183
14	$4,001,862	-$1,441,019 -$200,093	$2,360,750
15	$4,201,941	-$1,515,049 -$210,097	$2,476,795
16	$4,412,031	-$1,592,782 -$220,602	$2,598,647
17	$4,632,555	-$1,674,376 -$231,628	$2,726,551
18	$4,864,218	-$1,760,091 -$243,211	$2,860,916
19	$5,107,443	-$1,850,084 -$255,372	$3,001,987
20	$5,362,794	-$1,944,564 -$268,140	$3,150,090
21	$5,630,976	-$2,043,792 -$281,549	$3,305,635
22	$5,912,553	-$2,147,975 -$295,628	$3,468,950
23	$6,208,089	-$2,257,323 -$310,404	$3,640,362
24	$6,518,571	-$2,372,202 -$325,929	$3,820,440
25	$6,844,422	-$2,492,767 -$342,221	$4,009,434
26	$7,186,770	-$2,619,435 -$359,339	$4,207,996
27	$7,546,038	-$2,752,364 -$377,302	$4,416,372
28	$7,923,354	-$2,891,971 -$396,168	$4,635,215
29	$8,319,564	-$3,038,569 -$415,978	$4,865,017
30	$8,735,514	-$3,192,471 -$436,776	$5,106,267