Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(7.25%)	$5,234,500
Net Lumpsum Payment	$40,291,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$168,044	$1,331,874
2	$2,433,816	-$860,842 -$176,452	$1,396,522
3	$2,555,476	-$905,857 -$185,272	$1,464,347
4	$2,683,296	-$953,150 -$194,539	$1,535,607
5	$2,817,430	-$1,002,779 -$204,264	$1,610,387
6	$2,958,340	-$1,054,916 -$214,480	$1,688,944
7	$3,106,180	-$1,109,617 -$225,198	$1,771,365
8	$3,261,566	-$1,167,110 -$236,464	$1,857,992
9	$3,424,652	-$1,227,452 -$248,287	$1,948,913
10	$3,595,900	-$1,290,813 -$260,703	$2,044,384
11	$3,775,618	-$1,357,309 -$273,732	$2,144,577
12	$3,964,422	-$1,427,167 -$287,421	$2,249,834
13	$4,162,620	-$1,500,500 -$301,790	$2,360,330
14	$4,370,828	-$1,577,537 -$316,885	$2,476,406
15	$4,589,354	-$1,658,391 -$332,728	$2,598,235
16	$4,818,814	-$1,743,292 -$349,364	$2,726,158
17	$5,059,670	-$1,832,408 -$366,826	$2,860,436
18	$5,312,692	-$1,926,026 -$385,170	$3,001,496
19	$5,578,342	-$2,024,317 -$404,430	$3,149,595
20	$5,857,236	-$2,127,508 -$424,650	$3,305,078
21	$6,150,144	-$2,235,884 -$445,885	$3,468,375
22	$6,457,682	-$2,349,673 -$468,182	$3,639,827
23	$6,780,466	-$2,469,103 -$491,584	$3,819,779
24	$7,119,574	-$2,594,573 -$516,169	$4,008,832
25	$7,475,468	-$2,726,254 -$541,971	$4,207,243
26	$7,849,380	-$2,864,601 -$569,080	$4,415,699
27	$8,241,772	-$3,009,786 -$597,528	$4,634,458
28	$8,653,876	-$3,162,265 -$627,406	$4,864,205
29	$9,086,616	-$3,322,378 -$658,780	$5,105,458
30	$9,540,916	-$3,490,469 -$691,716	$5,358,731