![]() How much tax do you pay on Iowa lottery winnings?īy law, Iowa lottery will withhold 24% of winnings for federal taxes and 5.0% for state income taxes. CT on Wednesdays and Saturdays, approximately an hour before the draw. Ticket sales for Iowa Powerball stop at 8:59 p.m. How late can you buy Powerball tickets in Iowa? ![]() Iowa Powerball drawings are held every Wednesday and Saturday at 9:59 p.m. Refer to the chart above for detailed Iowa Powerball payouts and prize amounts. You win $1 million when you match all of the 5 white balls but not the Powerball number.īy adding Power Play ®, for $1 more per play, you can multiply all non-jackpot prizes by 2X, 3X, 4X, 5X or 10X. To win the Powerball jackpot, match all 5 white balls and also the Powerball number. Iowa Powerball FAQs How do you win Iowa Powerball? Powerball Calculator: Payout, Tax & Annuity Explained.Mega Millions Payout Calculator: Payout, Tax & Annuity Explained.Lottery Odds Calculator: Calculate Your Odds of Winning The Lottery.
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