Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Sep 10, 2025 is estimated to be $33 Million, with a cash option of 15.2 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 Minnesota, your state will take 7.25% 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.

Minnesota Powerball Jackpot/Cash Option for Wed Sep 10, 2025

Draw Date	Jackpot	Cash Option
Wed Sep 10, 2025	$33,000,000	$15,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$15,200,000
Federal Tax(24%)	$3,648,000
Additional Federal Tax	$1,936,330
State Tax(7.25%)	$1,102,000
Net Lumpsum Payment	$8,513,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$496,683	-$144,103 -$36,010	$316,570
2	$521,532	-$153,297 -$37,811	$330,424
3	$547,602	-$162,943 -$39,701	$344,958
4	$574,992	-$173,077 -$41,687	$360,228
5	$603,735	-$183,712 -$43,771	$376,252
6	$633,930	-$194,884 -$45,960	$393,086
7	$665,610	-$206,606 -$48,257	$410,747
8	$698,907	-$218,926 -$50,671	$429,310
9	$733,854	-$231,856 -$53,204	$448,794
10	$770,550	-$245,434 -$55,865	$469,251
11	$809,061	-$259,683 -$58,657	$490,721
12	$849,519	-$274,652 -$61,590	$513,277
13	$891,990	-$290,367 -$64,669	$536,954
14	$936,606	-$306,875 -$67,904	$561,827
15	$983,433	-$324,201 -$71,299	$587,933
16	$1,032,603	-$342,393 -$74,864	$615,346
17	$1,084,215	-$361,490 -$78,606	$644,119
18	$1,138,434	-$381,551 -$82,536	$674,347
19	$1,195,359	-$402,613 -$86,664	$706,082
20	$1,255,122	-$424,726 -$90,996	$739,400
21	$1,317,888	-$447,949 -$95,547	$774,392
22	$1,383,789	-$472,332 -$100,325	$811,132
23	$1,452,957	-$497,924 -$105,339	$849,694
24	$1,525,623	-$524,811 -$110,608	$890,204
25	$1,601,886	-$553,028 -$116,137	$932,721
26	$1,682,010	-$582,674 -$121,946	$977,390
27	$1,766,094	-$613,785 -$128,042	$1,024,267
28	$1,854,402	-$646,459 -$134,444	$1,073,499
29	$1,947,132	-$680,769 -$141,167	$1,125,196
30	$2,044,482	-$716,789 -$148,225	$1,179,468