The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Wed Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(7.25%) | $6,314,750 | | Net Lumpsum Payment | $48,597,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$211,692 |
$1,667,511 |
| 2 |
$3,065,976 |
$1,094,742
$222,283 |
$1,748,951 |
| 3 |
$3,219,236 |
$1,151,448
$233,395 |
$1,834,393 |
| 4 |
$3,380,256 |
$1,211,025
$245,069 |
$1,924,162 |
| 5 |
$3,549,230 |
$1,273,545
$257,319 |
$2,018,366 |
| 6 |
$3,726,740 |
$1,339,224
$270,189 |
$2,117,327 |
| 7 |
$3,912,980 |
$1,408,133
$283,691 |
$2,221,156 |
| 8 |
$4,108,726 |
$1,480,559
$297,883 |
$2,330,284 |
| 9 |
$4,314,172 |
$1,556,574
$312,777 |
$2,444,821 |
| 10 |
$4,529,900 |
$1,636,393
$328,418 |
$2,565,089 |
| 11 |
$4,756,298 |
$1,720,161
$344,832 |
$2,691,305 |
| 12 |
$4,994,142 |
$1,808,163
$362,075 |
$2,823,904 |
| 13 |
$5,243,820 |
$1,900,544
$380,177 |
$2,963,099 |
| 14 |
$5,506,108 |
$1,997,590
$399,193 |
$3,109,325 |
| 15 |
$5,781,394 |
$2,099,446
$419,151 |
$3,262,797 |
| 16 |
$6,070,454 |
$2,206,398
$440,108 |
$3,423,948 |
| 17 |
$6,373,870 |
$2,318,662
$462,106 |
$3,593,102 |
| 18 |
$6,692,612 |
$2,436,597
$485,214 |
$3,770,801 |
| 19 |
$7,027,262 |
$2,560,417
$509,476 |
$3,957,369 |
| 20 |
$7,378,596 |
$2,690,411
$534,948 |
$4,153,237 |
| 21 |
$7,747,584 |
$2,826,936
$561,700 |
$4,358,948 |
| 22 |
$8,135,002 |
$2,970,281
$589,788 |
$4,574,933 |
| 23 |
$8,541,626 |
$3,120,732
$619,268 |
$4,801,626 |
| 24 |
$8,968,814 |
$3,278,792
$650,239 |
$5,039,783 |
| 25 |
$9,417,148 |
$3,444,675
$682,743 |
$5,289,730 |
| 26 |
$9,888,180 |
$3,618,957
$716,893 |
$5,552,330 |
| 27 |
$10,382,492 |
$3,801,852
$752,731 |
$5,827,909 |
| 28 |
$10,901,636 |
$3,993,936
$790,369 |
$6,117,331 |
| 29 |
$11,446,776 |
$4,195,638
$829,891 |
$6,421,247 |
| 30 |
$12,019,076 |
$4,407,389
$871,383 |
$6,740,304 |
|
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