Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(7.25%)	$2,878,250
Net Lumpsum Payment	$22,172,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$94,934	$769,681
2	$1,374,948	-$469,061 -$99,684	$806,203
3	$1,443,678	-$494,491 -$104,667	$844,520
4	$1,515,888	-$521,209 -$109,902	$884,777
5	$1,591,665	-$549,246 -$115,396	$927,023
6	$1,671,270	-$578,700 -$121,167	$971,403
7	$1,754,790	-$609,603 -$127,222	$1,017,965
8	$1,842,573	-$642,082 -$133,587	$1,066,904
9	$1,934,706	-$676,172 -$140,266	$1,118,268
10	$2,031,450	-$711,967 -$147,280	$1,172,203
11	$2,132,979	-$749,533 -$154,641	$1,228,805
12	$2,239,641	-$788,998 -$162,374	$1,288,269
13	$2,351,610	-$830,426 -$170,492	$1,350,692
14	$2,469,234	-$873,947 -$179,019	$1,416,268
15	$2,592,687	-$919,625 -$187,970	$1,485,092
16	$2,722,317	-$967,588 -$197,368	$1,557,361
17	$2,858,385	-$1,017,933 -$207,233	$1,633,219
18	$3,001,326	-$1,070,821 -$217,596	$1,712,909
19	$3,151,401	-$1,126,349 -$228,477	$1,796,575
20	$3,308,958	-$1,184,645 -$239,899	$1,884,414
21	$3,474,432	-$1,245,870 -$251,896	$1,976,666
22	$3,648,171	-$1,310,154 -$264,492	$2,073,525
23	$3,830,523	-$1,377,624 -$277,713	$2,175,186
24	$4,022,097	-$1,448,506 -$291,602	$2,281,989
25	$4,223,154	-$1,522,897 -$306,179	$2,394,078
26	$4,434,390	-$1,601,055 -$321,493	$2,511,842
27	$4,656,066	-$1,683,075 -$337,565	$2,635,426
28	$4,888,878	-$1,769,215 -$354,444	$2,765,219
29	$5,133,348	-$1,859,669 -$372,168	$2,901,511
30	$5,389,998	-$1,954,630 -$390,775	$3,044,593