Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 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 Mon Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(7.25%)	$7,728,500
Net Lumpsum Payment	$59,469,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$273,891	$2,145,793
2	$3,966,804	-$1,428,048 -$287,593	$2,251,163
3	$4,165,094	-$1,501,415 -$301,969	$2,361,710
4	$4,373,424	-$1,578,497 -$317,073	$2,477,854
5	$4,592,045	-$1,659,387 -$332,923	$2,599,735
6	$4,821,710	-$1,744,363 -$349,574	$2,727,773
7	$5,062,670	-$1,833,518 -$367,044	$2,862,108
8	$5,315,929	-$1,927,224 -$385,405	$3,003,300
9	$5,581,738	-$2,025,573 -$404,676	$3,151,489
10	$5,860,850	-$2,128,845 -$424,912	$3,307,093
11	$6,153,767	-$2,237,224 -$446,148	$3,470,395
12	$6,461,493	-$2,351,083 -$468,458	$3,641,952
13	$6,784,530	-$2,470,606 -$491,878	$3,822,046
14	$7,123,882	-$2,596,167 -$516,481	$4,011,234
15	$7,480,051	-$2,727,949 -$542,304	$4,209,798
16	$7,854,041	-$2,866,326 -$569,418	$4,418,297
17	$8,246,605	-$3,011,574 -$597,879	$4,637,152
18	$8,658,998	-$3,164,160 -$627,777	$4,867,061
19	$9,091,973	-$3,324,360 -$659,168	$5,108,445
20	$9,546,534	-$3,492,548 -$692,124	$5,361,862
21	$10,023,936	-$3,669,187 -$726,735	$5,628,014
22	$10,525,183	-$3,854,648 -$763,076	$5,907,459
23	$11,051,279	-$4,049,304 -$801,218	$6,200,757
24	$11,603,981	-$4,253,803 -$841,289	$6,508,889
25	$12,184,042	-$4,468,426 -$883,343	$6,832,273
26	$12,793,470	-$4,693,914 -$927,527	$7,172,029
27	$13,433,018	-$4,930,547 -$973,894	$7,528,577
28	$14,104,694	-$5,179,067 -$1,022,590	$7,903,037
29	$14,810,004	-$5,440,032 -$1,073,725	$8,296,247
30	$15,550,454	-$5,713,998 -$1,127,408	$8,709,048