Iowa Powerball Results, Winners & Payout
Latest winning numbers, every jackpot and Match 5 winner from Iowa since 2015, and what you would really take home after Iowa taxes.
Next jackpot · Wednesday, October 28
$716 Million
≈ $181.9 Million cash after federal & Iowa taxes
Iowa tax on lottery winnings: 3.8%
Jackpots won in Iowa
1
since Oct 2015
Jackpot money won
$344 Million
advertised value, shared jackpots split
Powerball jackpot winners in Iowa
| Date | Jackpot | Cash value | Shared with |
|---|---|---|---|
| Oct 27, 2018 | $688 Million | $396.2 Million | NY |
Iowa Powerball payout calculator
Lump sum (cash option)
$181,862,400
after taxes
- Cash value
- $307,200,000
- Federal tax (37%)
- −$113,664,000
- Iowa tax (3.8%)
- −$11,673,600
Annuity (30 payments over 29 years)
$423,872,000
total after taxes
- First payment (after tax)
- $6,379,882
- Last payment (after tax)
- $26,260,459
- Yearly increase
- +5%
Estimates only: federal tax computed at the top 37% bracket (24% is withheld at payout, the rest is due when you file), state rates are approximate 2026 top rates. Local taxes, deductions and your personal situation can change the result — talk to a tax professional before claiming a prize.
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Iowa Powerball FAQ
Can you play Powerball in Iowa?+
Yes. Iowa is one of the 48 Powerball jurisdictions (45 states, Washington DC, Puerto Rico and the US Virgin Islands). Tickets cost $2 ($3 with Power Play) and drawings are held Monday, Wednesday and Saturday at 10:59 PM Eastern Time.
How much tax do you pay on Powerball winnings in Iowa?+
Iowa taxes lottery winnings at about 3.8% (approximate 2026 top rate), on top of federal income tax of up to 37% (24% is withheld when the prize is paid). On the current $716 Million jackpot, a Iowa winner taking the cash option would keep about $181.9 Million.
Has anyone won the Powerball jackpot in Iowa?+
Yes — 1 Powerball jackpot has been won with a ticket sold in Iowa since October 2015, most recently $688 Million on Oct 27, 2018.
When is the next Powerball drawing in Iowa?+
The next Powerball drawing is Wednesday, October 28 at 10:59 PM ET. Sales close shortly before the drawing — check the Iowa Lottery for the exact cut-off time.
Powerball in other states
Winner locations come from official Multi-State Lottery Association results. Tax figures are estimates — confirm with the Iowa Lottery or a tax professional. Powerball AI is independent and not affiliated with any lottery. Play responsibly — 1-800-GAMBLER.