Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 Sat May 31, 2025

Draw Date	Jackpot	Cash Option
Sat May 31, 2025	$207,000,000	$91,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$91,000,000
Federal Tax(24%)	$21,840,000
Additional Federal Tax	$11,790,330
State Tax(7.25%)	$6,597,500
Net Lumpsum Payment	$50,772,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$225,878	$1,776,593
2	$3,271,428	-$1,170,759 -$237,179	$1,863,490
3	$3,434,958	-$1,231,265 -$249,034	$1,954,659
4	$3,606,768	-$1,294,835 -$261,491	$2,050,442
5	$3,787,065	-$1,361,544 -$274,562	$2,150,959
6	$3,976,470	-$1,431,624 -$288,294	$2,256,552
7	$4,175,190	-$1,505,151 -$302,701	$2,367,338
8	$4,384,053	-$1,582,430 -$317,844	$2,483,779
9	$4,603,266	-$1,663,539 -$333,737	$2,605,990
10	$4,833,450	-$1,748,707 -$350,425	$2,734,318
11	$5,075,019	-$1,838,087 -$367,939	$2,868,993
12	$5,328,801	-$1,931,987 -$386,338	$3,010,476
13	$5,595,210	-$2,030,558 -$405,653	$3,158,999
14	$5,875,074	-$2,134,108 -$425,943	$3,315,023
15	$6,168,807	-$2,242,789 -$447,239	$3,478,779
16	$6,477,237	-$2,356,908 -$469,600	$3,650,729
17	$6,800,985	-$2,476,695 -$493,071	$3,831,219
18	$7,141,086	-$2,602,532 -$517,729	$4,020,825
19	$7,498,161	-$2,734,650 -$543,617	$4,219,894
20	$7,873,038	-$2,873,354 -$570,795	$4,428,889
21	$8,266,752	-$3,019,029 -$599,340	$4,648,383
22	$8,680,131	-$3,171,979 -$629,309	$4,878,843
23	$9,114,003	-$3,332,511 -$660,765	$5,120,727
24	$9,569,817	-$3,501,163 -$693,812	$5,374,842
25	$10,048,194	-$3,678,162 -$728,494	$5,641,538
26	$10,550,790	-$3,864,123 -$764,932	$5,921,735
27	$11,078,226	-$4,059,274 -$803,171	$6,215,781
28	$11,632,158	-$4,264,229 -$843,331	$6,524,598
29	$12,213,828	-$4,479,447 -$885,503	$6,848,878
30	$12,824,478	-$4,705,387 -$929,775	$7,189,316