Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 14, 2026 is estimated to be $146 Million, with a cash option of 66.9 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Minnesota, your state will take 7.25% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Minnesota Powerball Jackpot/Cash Option for Sat Feb 14, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 14, 2026	$146,000,000	$66,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$66,900,000
Federal Tax(24%)	$16,056,000
Additional Federal Tax	$8,657,330
State Tax(7.25%)	$4,850,250
Net Lumpsum Payment	$37,336,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,197,446	-$773,385 -$159,315	$1,264,746
2	$2,307,384	-$814,062 -$167,285	$1,326,037
3	$2,422,724	-$856,738 -$175,647	$1,390,339
4	$2,543,904	-$901,575 -$184,433	$1,457,896
5	$2,671,070	-$948,626 -$193,653	$1,528,791
6	$2,804,660	-$998,055 -$203,338	$1,603,267
7	$2,944,820	-$1,049,914 -$213,499	$1,681,407
8	$3,092,134	-$1,104,420 -$224,180	$1,763,534
9	$3,246,748	-$1,161,627 -$235,389	$1,849,732
10	$3,409,100	-$1,221,697 -$247,160	$1,940,243
11	$3,579,482	-$1,284,739 -$259,512	$2,035,231
12	$3,758,478	-$1,350,967 -$272,490	$2,135,021
13	$3,946,380	-$1,420,491 -$286,113	$2,239,776
14	$4,143,772	-$1,493,526 -$300,423	$2,349,823
15	$4,350,946	-$1,570,180 -$315,444	$2,465,322
16	$4,568,486	-$1,650,670 -$331,215	$2,586,601
17	$4,796,830	-$1,735,157 -$347,770	$2,713,903
18	$5,036,708	-$1,823,912 -$365,161	$2,847,635
19	$5,288,558	-$1,917,097 -$383,420	$2,988,041
20	$5,552,964	-$2,014,927 -$402,590	$3,135,447
21	$5,830,656	-$2,117,673 -$422,723	$3,290,260
22	$6,122,218	-$2,225,551 -$443,861	$3,452,806
23	$6,428,234	-$2,338,777 -$466,047	$3,623,410
24	$6,749,726	-$2,457,729 -$489,355	$3,802,642
25	$7,087,132	-$2,582,569 -$513,817	$3,990,746
26	$7,441,620	-$2,713,730 -$539,517	$4,188,373
27	$7,813,628	-$2,851,373 -$566,488	$4,395,767
28	$8,204,324	-$2,995,930 -$594,813	$4,613,581
29	$8,614,584	-$3,147,726 -$624,557	$4,842,301
30	$9,045,284	-$3,307,085 -$655,783	$5,082,416