Iowa Lottery

IALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 30, 2025 is estimated to be $162 Million, with a cash option of 74.2 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 Jun 30, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 30, 2025	$162,000,000	$74,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$74,200,000
Federal Tax(24%)	$17,808,000
Additional Federal Tax	$9,606,330
State Tax(5%)	$3,710,000
Net Lumpsum Payment	$43,075,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,438,262	-$862,487 -$121,913	$1,453,862
2	$2,560,248	-$907,622 -$128,012	$1,524,614
3	$2,688,228	-$954,975 -$134,411	$1,598,842
4	$2,822,688	-$1,004,725 -$141,134	$1,676,829
5	$2,963,790	-$1,056,933 -$148,190	$1,758,667
6	$3,112,020	-$1,111,778 -$155,601	$1,844,641
7	$3,267,540	-$1,169,320 -$163,377	$1,934,843
8	$3,430,998	-$1,229,800 -$171,550	$2,029,648
9	$3,602,556	-$1,293,276 -$180,128	$2,129,152
10	$3,782,700	-$1,359,929 -$189,135	$2,233,636
11	$3,971,754	-$1,429,879 -$198,588	$2,343,287
12	$4,170,366	-$1,503,366 -$208,518	$2,458,482
13	$4,378,860	-$1,580,509 -$218,943	$2,579,408
14	$4,597,884	-$1,661,547 -$229,894	$2,706,443
15	$4,827,762	-$1,746,602 -$241,388	$2,839,772
16	$5,069,142	-$1,835,913 -$253,457	$2,979,772
17	$5,322,510	-$1,929,659 -$266,126	$3,126,725
18	$5,588,676	-$2,028,141 -$279,434	$3,281,101
19	$5,868,126	-$2,131,537 -$293,406	$3,443,183
20	$6,161,508	-$2,240,088 -$308,075	$3,613,345
21	$6,469,632	-$2,354,094 -$323,482	$3,792,056
22	$6,793,146	-$2,473,794 -$339,657	$3,979,695
23	$7,132,698	-$2,599,429 -$356,635	$4,176,634
24	$7,489,422	-$2,731,417 -$374,471	$4,383,534
25	$7,863,804	-$2,869,938 -$393,190	$4,600,676
26	$8,257,140	-$3,015,472 -$412,857	$4,828,811
27	$8,669,916	-$3,168,199 -$433,496	$5,068,221
28	$9,103,428	-$3,328,599 -$455,171	$5,319,658
29	$9,558,648	-$3,497,030 -$477,932	$5,583,686
30	$10,036,548	-$3,673,853 -$501,827	$5,860,868