A wake tower for a powerboat for use in wakeboarding or other water sports is described. The wake tower can include base members attached to the powerboat and a U-shaped bar extending generally upwardly from the base members. The side bars can be tapered inward and can also be angled toward the bow of the powerboat. Support members can be positioned along the side bars to provide increased structural support to increase the maximum load of the wake tower and to increase the rigidity of the wake tower resulting in less shaking during use. A tow cross bar having a tow rope connector can be suspended generally between the side bars of the wake tower. The wake tower can be transitioned between an upright position and a lowered position. Shocks can be used to compensate for some of the weight of the wake tower.