The jackpot for the Powerball draw on Mon Sep 28, 2026, is projected to be $389 Million, with an option for a cash payout of $161.9 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 Mon Sep 28, 2026 |
|---|
| Draw Date | Mon Sep 28, 2026 | | Projected Jackpot | $389,000,000 | | Cash Value | $161,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $161,900,000 | | Federal Tax(24%) | $38,856,000 | | Additional Federal Tax | $21,007,330 | | State Tax(7.25%) | $11,737,750 | | Net Lumpsum Payment | $90,298,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,854,839 |
$2,126,621
$424,476 |
$3,303,742 |
| 2 |
$6,147,756 |
$2,235,000
$445,712 |
$3,467,044 |
| 3 |
$6,455,066 |
$2,348,705
$467,992 |
$3,638,369 |
| 4 |
$6,777,936 |
$2,468,167
$491,400 |
$3,818,369 |
| 5 |
$7,116,755 |
$2,593,530
$515,965 |
$4,007,260 |
| 6 |
$7,472,690 |
$2,725,226
$541,770 |
$4,205,694 |
| 7 |
$7,846,130 |
$2,863,398
$568,844 |
$4,413,888 |
| 8 |
$8,238,631 |
$3,008,624
$597,301 |
$4,632,706 |
| 9 |
$8,650,582 |
$3,161,046
$627,167 |
$4,862,369 |
| 10 |
$9,083,150 |
$3,321,096
$658,528 |
$5,103,526 |
| 11 |
$9,537,113 |
$3,489,062
$691,441 |
$5,356,610 |
| 12 |
$10,014,027 |
$3,665,520
$726,017 |
$5,622,490 |
| 13 |
$10,514,670 |
$3,850,758
$762,314 |
$5,901,598 |
| 14 |
$11,040,598 |
$4,045,352
$800,443 |
$6,194,803 |
| 15 |
$11,592,589 |
$4,249,588
$840,463 |
$6,502,538 |
| 16 |
$12,172,199 |
$4,464,044
$882,484 |
$6,825,671 |
| 17 |
$12,780,595 |
$4,689,151
$926,593 |
$7,164,851 |
| 18 |
$13,419,722 |
$4,925,628
$972,930 |
$7,521,164 |
| 19 |
$14,090,747 |
$5,173,907
$1,021,579 |
$7,895,261 |
| 20 |
$14,795,226 |
$5,434,564
$1,072,654 |
$8,288,008 |
| 21 |
$15,535,104 |
$5,708,319
$1,126,295 |
$8,700,490 |
| 22 |
$16,311,937 |
$5,995,747
$1,182,615 |
$9,133,575 |
| 23 |
$17,127,281 |
$6,297,424
$1,241,728 |
$9,588,129 |
| 24 |
$17,983,859 |
$6,614,358
$1,303,830 |
$10,065,671 |
| 25 |
$18,882,838 |
$6,946,980
$1,369,006 |
$10,566,852 |
| 26 |
$19,827,330 |
$7,296,442
$1,437,481 |
$11,093,407 |
| 27 |
$20,818,502 |
$7,663,176
$1,509,341 |
$11,645,985 |
| 28 |
$21,859,466 |
$8,048,333
$1,584,811 |
$12,226,322 |
| 29 |
$22,952,556 |
$8,452,776
$1,664,060 |
$12,835,720 |
| 30 |
$24,100,106 |
$8,877,370
$1,747,258 |
$13,475,478 |
|
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