The jackpot for the Powerball draw on Sat May 30, 2026, is projected to be $172 Million, with an option for a cash payout of $75.6 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 May 30, 2026 |
|---|
| Draw Date | Sat May 30, 2026 | | Projected Jackpot | $172,000,000 | | Cash Value | $75,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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