Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(7.25%)	$1,537,000
Net Lumpsum Payment	$11,858,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$50,195	$425,653
2	$726,984	-$229,314 -$52,706	$444,964
3	$763,324	-$242,760 -$55,341	$465,223
4	$801,504	-$256,887 -$58,109	$486,508
5	$841,570	-$271,711 -$61,014	$508,845
6	$883,660	-$287,285 -$64,065	$532,310
7	$927,820	-$303,624 -$67,267	$556,929
8	$974,234	-$320,797 -$70,632	$582,805
9	$1,022,948	-$338,821 -$74,164	$609,963
10	$1,074,100	-$357,747 -$77,872	$638,481
11	$1,127,782	-$377,610 -$81,764	$668,408
12	$1,184,178	-$398,476 -$85,853	$699,849
13	$1,243,380	-$420,381 -$90,145	$732,854
14	$1,305,572	-$443,392 -$94,654	$767,526
15	$1,370,846	-$467,543 -$99,386	$803,917
16	$1,439,386	-$492,903 -$104,355	$842,128
17	$1,511,330	-$519,522 -$109,571	$882,237
18	$1,586,908	-$547,486 -$115,051	$924,371
19	$1,666,258	-$576,846 -$120,804	$968,608
20	$1,749,564	-$607,669 -$126,843	$1,015,052
21	$1,837,056	-$640,041 -$133,187	$1,063,828
22	$1,928,918	-$674,030 -$139,847	$1,115,041
23	$2,025,334	-$709,704 -$146,837	$1,168,793
24	$2,126,626	-$747,182 -$154,180	$1,225,264
25	$2,232,932	-$786,515 -$161,888	$1,284,529
26	$2,344,620	-$827,840 -$169,985	$1,346,795
27	$2,461,828	-$871,207 -$178,483	$1,412,138
28	$2,584,924	-$916,752 -$187,407	$1,480,765
29	$2,714,184	-$964,578 -$196,778	$1,552,828
30	$2,849,884	-$1,014,787 -$206,617	$1,628,480