The jackpot for the Powerball draw on Sat Sep 19, 2026, is projected to be $298 Million, with an option for a cash payout of $126.6 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 Sep 19, 2026 |
|---|
| Draw Date | Sat Sep 19, 2026 | | Projected Jackpot | $298,000,000 | | Cash Value | $126,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,600,000 | | Federal Tax(24%) | $30,384,000 | | Additional Federal Tax | $16,418,330 | | State Tax(7.25%) | $9,178,500 | | Net Lumpsum Payment | $70,619,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,485,198 |
$1,619,854
$325,177 |
$2,540,167 |
| 2 |
$4,709,592 |
$1,702,879
$341,445 |
$2,665,268 |
| 3 |
$4,945,012 |
$1,789,985
$358,513 |
$2,796,514 |
| 4 |
$5,192,352 |
$1,881,501
$376,446 |
$2,934,405 |
| 5 |
$5,451,910 |
$1,977,537
$395,263 |
$3,079,110 |
| 6 |
$5,724,580 |
$2,078,425
$415,032 |
$3,231,123 |
| 7 |
$6,010,660 |
$2,184,275
$435,773 |
$3,390,612 |
| 8 |
$6,311,342 |
$2,295,527
$457,572 |
$3,558,243 |
| 9 |
$6,626,924 |
$2,412,292
$480,452 |
$3,734,180 |
| 10 |
$6,958,300 |
$2,534,901
$504,477 |
$3,918,922 |
| 11 |
$7,306,066 |
$2,663,575
$529,690 |
$4,112,801 |
| 12 |
$7,671,414 |
$2,798,754
$556,178 |
$4,316,482 |
| 13 |
$8,054,940 |
$2,940,658
$583,983 |
$4,530,299 |
| 14 |
$8,457,836 |
$3,089,730
$613,193 |
$4,754,913 |
| 15 |
$8,880,698 |
$3,246,189
$643,851 |
$4,990,658 |
| 16 |
$9,324,718 |
$3,410,476
$676,042 |
$5,238,200 |
| 17 |
$9,790,790 |
$3,582,923
$709,832 |
$5,498,035 |
| 18 |
$10,280,404 |
$3,764,080
$745,329 |
$5,770,995 |
| 19 |
$10,794,454 |
$3,954,278
$782,598 |
$6,057,578 |
| 20 |
$11,334,132 |
$4,153,959
$821,725 |
$6,358,448 |
| 21 |
$11,900,928 |
$4,363,674
$862,817 |
$6,674,437 |
| 22 |
$12,496,034 |
$4,583,863
$905,962 |
$7,006,209 |
| 23 |
$13,120,642 |
$4,814,968
$951,247 |
$7,354,427 |
| 24 |
$13,776,838 |
$5,057,760
$998,821 |
$7,720,257 |
| 25 |
$14,465,516 |
$5,312,571
$1,048,750 |
$8,104,195 |
| 26 |
$15,189,060 |
$5,580,283
$1,101,207 |
$8,507,570 |
| 27 |
$15,948,364 |
$5,861,225
$1,156,256 |
$8,930,883 |
| 28 |
$16,745,812 |
$6,156,281
$1,214,071 |
$9,375,460 |
| 29 |
$17,583,192 |
$6,466,111
$1,274,781 |
$9,842,300 |
| 30 |
$18,462,292 |
$6,791,378
$1,338,516 |
$10,332,398 |
|
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