Iowa Lottery

IALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 5, 2026 is estimated to be $173 Million, with a cash option of 75 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 Sat Sep 5, 2026

Draw Date	Jackpot	Cash Option
Sat Sep 5, 2026	$173,000,000	$75,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,000,000
Federal Tax(24%)	$18,000,000
Additional Federal Tax	$9,710,330
State Tax(5%)	$3,750,000
Net Lumpsum Payment	$43,539,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,603,823	-$923,745 -$130,191	$1,549,887
2	$2,734,092	-$971,944 -$136,705	$1,625,443
3	$2,870,762	-$1,022,512 -$143,538	$1,704,712
4	$3,014,352	-$1,075,641 -$150,718	$1,787,993
5	$3,165,035	-$1,131,393 -$158,252	$1,875,390
6	$3,323,330	-$1,189,962 -$166,167	$1,967,201
7	$3,489,410	-$1,251,412 -$174,471	$2,063,527
8	$3,663,967	-$1,315,998 -$183,198	$2,164,771
9	$3,847,174	-$1,383,785 -$192,359	$2,271,030
10	$4,039,550	-$1,454,964 -$201,978	$2,382,608
11	$4,241,441	-$1,529,664 -$212,072	$2,499,705
12	$4,453,539	-$1,608,140 -$222,677	$2,622,722
13	$4,676,190	-$1,690,521 -$233,810	$2,751,859
14	$4,910,086	-$1,777,062 -$245,504	$2,887,520
15	$5,155,573	-$1,867,892 -$257,779	$3,029,902
16	$5,413,343	-$1,963,267 -$270,667	$3,179,409
17	$5,683,915	-$2,063,379 -$284,196	$3,336,340
18	$5,968,154	-$2,168,547 -$298,408	$3,501,199
19	$6,266,579	-$2,278,965 -$313,329	$3,674,285
20	$6,579,882	-$2,394,887 -$328,994	$3,856,001
21	$6,908,928	-$2,516,634 -$345,446	$4,046,848
22	$7,254,409	-$2,644,462 -$362,720	$4,247,227
23	$7,617,017	-$2,778,627 -$380,851	$4,457,539
24	$7,997,963	-$2,919,577 -$399,898	$4,678,488
25	$8,397,766	-$3,067,504 -$419,888	$4,910,374
26	$8,817,810	-$3,222,920 -$440,891	$5,153,999
27	$9,258,614	-$3,386,018 -$462,931	$5,409,665
28	$9,721,562	-$3,557,308 -$486,078	$5,678,176
29	$10,207,692	-$3,737,176 -$510,385	$5,960,131
30	$10,718,042	-$3,926,006 -$535,902	$6,256,134