The jackpot for the Powerball draw on Sat Jul 25, 2026, is projected to be $600 Million, with an option for a cash payout of $266.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota Powerball Jackpot/Cash Option for Sat Jul 25, 2026 |
|---|
| Draw Date | Sat Jul 25, 2026 | | Projected Jackpot | $600,000,000 | | Cash Value | $266,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $266,400,000 | | Federal Tax(24%) | $63,936,000 | | Additional Federal Tax | $34,592,330 | | State Tax(7.25%) | $19,314,000 | | Net Lumpsum Payment | $148,557,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$654,719 |
$5,074,229 |
| 2 |
$9,482,400 |
$3,468,818
$687,474 |
$5,326,108 |
| 3 |
$9,956,400 |
$3,644,198
$721,839 |
$5,590,363 |
| 4 |
$10,454,400 |
$3,828,458
$757,944 |
$5,867,998 |
| 5 |
$10,977,000 |
$4,021,820
$795,833 |
$6,159,347 |
| 6 |
$11,526,000 |
$4,224,950
$835,635 |
$6,465,415 |
| 7 |
$12,102,000 |
$4,438,070
$877,395 |
$6,786,535 |
| 8 |
$12,707,400 |
$4,662,068
$921,287 |
$7,124,045 |
| 9 |
$13,342,800 |
$4,897,166
$967,353 |
$7,478,281 |
| 10 |
$14,010,000 |
$5,144,030
$1,015,725 |
$7,850,245 |
| 11 |
$14,710,200 |
$5,403,104
$1,066,490 |
$8,240,606 |
| 12 |
$15,445,800 |
$5,675,276
$1,119,821 |
$8,650,703 |
| 13 |
$16,218,000 |
$5,960,990
$1,175,805 |
$9,081,205 |
| 14 |
$17,029,200 |
$6,261,134
$1,234,617 |
$9,533,449 |
| 15 |
$17,880,600 |
$6,576,152
$1,296,344 |
$10,008,104 |
| 16 |
$18,774,600 |
$6,906,932
$1,361,159 |
$10,506,509 |
| 17 |
$19,713,000 |
$7,254,140
$1,429,193 |
$11,029,667 |
| 18 |
$20,698,800 |
$7,618,886
$1,500,663 |
$11,579,251 |
| 19 |
$21,733,800 |
$8,001,836
$1,575,701 |
$12,156,263 |
| 20 |
$22,820,400 |
$8,403,878
$1,654,479 |
$12,762,043 |
| 21 |
$23,961,600 |
$8,826,122
$1,737,216 |
$13,398,262 |
| 22 |
$25,159,800 |
$9,269,456
$1,824,086 |
$14,066,258 |
| 23 |
$26,417,400 |
$9,734,768
$1,915,262 |
$14,767,370 |
| 24 |
$27,738,600 |
$10,223,612
$2,011,049 |
$15,503,939 |
| 25 |
$29,125,200 |
$10,736,654
$2,111,577 |
$16,276,969 |
| 26 |
$30,582,000 |
$11,275,670
$2,217,195 |
$17,089,135 |
| 27 |
$32,110,800 |
$11,841,326
$2,328,033 |
$17,941,441 |
| 28 |
$33,716,400 |
$12,435,398
$2,444,439 |
$18,836,563 |
| 29 |
$35,402,400 |
$13,059,218
$2,566,674 |
$19,776,508 |
| 30 |
$37,172,400 |
$13,714,118
$2,694,999 |
$20,763,283 |
|
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