Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(7.25%)	$5,481,000
Net Lumpsum Payment	$42,186,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$187,686	$1,482,910
2	$2,718,288	-$966,097 -$197,076	$1,555,115
3	$2,854,168	-$1,016,373 -$206,927	$1,630,868
4	$2,996,928	-$1,069,194 -$217,277	$1,710,457
5	$3,146,740	-$1,124,624 -$228,139	$1,793,977
6	$3,304,120	-$1,182,855 -$239,549	$1,881,716
7	$3,469,240	-$1,243,949 -$251,520	$1,973,771
8	$3,642,788	-$1,308,162 -$264,102	$2,070,524
9	$3,824,936	-$1,375,557 -$277,308	$2,172,071
10	$4,016,200	-$1,446,324 -$291,175	$2,278,701
11	$4,216,924	-$1,520,592 -$305,727	$2,390,605
12	$4,427,796	-$1,598,615 -$321,015	$2,508,166
13	$4,649,160	-$1,680,520 -$337,064	$2,631,576
14	$4,881,704	-$1,766,561 -$353,924	$2,761,219
15	$5,125,772	-$1,856,866 -$371,618	$2,897,288
16	$5,382,052	-$1,951,690 -$390,199	$3,040,163
17	$5,651,060	-$2,051,223 -$409,702	$3,190,135
18	$5,933,656	-$2,155,783 -$430,190	$3,347,683
19	$6,230,356	-$2,265,562 -$451,701	$3,513,093
20	$6,541,848	-$2,380,814 -$474,284	$3,686,750
21	$6,868,992	-$2,501,857 -$498,002	$3,869,133
22	$7,212,476	-$2,628,947 -$522,905	$4,060,624
23	$7,572,988	-$2,762,336 -$549,042	$4,261,610
24	$7,951,732	-$2,902,471 -$576,501	$4,472,760
25	$8,349,224	-$3,049,543 -$605,319	$4,694,362
26	$8,766,840	-$3,204,061 -$635,596	$4,927,183
27	$9,205,096	-$3,366,216 -$667,369	$5,171,511
28	$9,665,368	-$3,536,517 -$700,739	$5,428,112
29	$10,148,688	-$3,715,345 -$735,780	$5,697,563
30	$10,656,088	-$3,903,083 -$772,566	$5,980,439