Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(7.25%)	$1,863,250
Net Lumpsum Payment	$14,367,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$62,198	$517,953
2	$900,828	-$293,637 -$65,310	$541,881
3	$945,858	-$310,298 -$68,575	$566,985
4	$993,168	-$327,803 -$72,005	$593,360
5	$1,042,815	-$346,172 -$75,604	$621,039
6	$1,094,970	-$365,469 -$79,385	$650,116
7	$1,149,690	-$385,716 -$83,353	$680,621
8	$1,207,203	-$406,995 -$87,522	$712,686
9	$1,267,566	-$429,330 -$91,899	$746,337
10	$1,330,950	-$452,782 -$96,494	$781,674
11	$1,397,469	-$477,394 -$101,317	$818,758
12	$1,467,351	-$503,250 -$106,383	$857,718
13	$1,540,710	-$530,393 -$111,701	$898,616
14	$1,617,774	-$558,907 -$117,289	$941,578
15	$1,698,657	-$588,833 -$123,153	$986,671
16	$1,783,587	-$620,258 -$129,310	$1,034,019
17	$1,872,735	-$653,242 -$135,773	$1,083,720
18	$1,966,386	-$687,893 -$142,563	$1,135,930
19	$2,064,711	-$724,273 -$149,692	$1,190,746
20	$2,167,938	-$762,467 -$157,176	$1,248,295
21	$2,276,352	-$802,581 -$165,036	$1,308,735
22	$2,390,181	-$844,697 -$173,288	$1,372,196
23	$2,509,653	-$888,902 -$181,950	$1,438,801
24	$2,635,167	-$935,342 -$191,050	$1,508,775
25	$2,766,894	-$984,081 -$200,600	$1,582,213
26	$2,905,290	-$1,035,288 -$210,634	$1,659,368
27	$3,050,526	-$1,089,025 -$221,163	$1,740,338
28	$3,203,058	-$1,145,462 -$232,222	$1,825,374
29	$3,363,228	-$1,204,725 -$243,834	$1,914,669
30	$3,531,378	-$1,266,940 -$256,025	$2,008,413