Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 18, 2026 is estimated to be $75 Million, with a cash option of 34.1 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 Apr 18, 2026

Draw Date	Jackpot	Cash Option
Sat Apr 18, 2026	$75,000,000	$34,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,100,000
Federal Tax(24%)	$8,184,000
Additional Federal Tax	$4,393,330
State Tax(7.25%)	$2,472,250
Net Lumpsum Payment	$19,050,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,128,825	-$377,996 -$81,840	$668,989
2	$1,185,300	-$398,891 -$85,934	$700,475
3	$1,244,550	-$420,814 -$90,230	$733,506
4	$1,306,800	-$443,846 -$94,743	$768,211
5	$1,372,125	-$468,017 -$99,479	$804,629
6	$1,440,750	-$493,408 -$104,454	$842,888
7	$1,512,750	-$520,048 -$109,674	$883,028
8	$1,588,425	-$548,048 -$115,161	$925,216
9	$1,667,850	-$577,435 -$120,919	$969,496
10	$1,751,250	-$608,293 -$126,966	$1,015,991
11	$1,838,775	-$640,677 -$133,311	$1,064,787
12	$1,930,725	-$674,699 -$139,978	$1,116,048
13	$2,027,250	-$710,413 -$146,976	$1,169,861
14	$2,128,650	-$747,931 -$154,327	$1,226,392
15	$2,235,075	-$787,308 -$162,043	$1,285,724
16	$2,346,825	-$828,656 -$170,145	$1,348,024
17	$2,464,125	-$872,057 -$178,649	$1,413,419
18	$2,587,350	-$917,650 -$187,583	$1,482,117
19	$2,716,725	-$965,519 -$196,963	$1,554,243
20	$2,852,550	-$1,015,774 -$206,810	$1,629,966
21	$2,995,200	-$1,068,554 -$217,152	$1,709,494
22	$3,144,975	-$1,123,971 -$228,011	$1,792,993
23	$3,302,175	-$1,182,135 -$239,408	$1,880,632
24	$3,467,325	-$1,243,241 -$251,381	$1,972,703
25	$3,640,650	-$1,307,371 -$263,947	$2,069,332
26	$3,822,750	-$1,374,748 -$277,149	$2,170,853
27	$4,013,850	-$1,445,455 -$291,004	$2,277,391
28	$4,214,550	-$1,519,714 -$305,555	$2,389,281
29	$4,425,300	-$1,597,691 -$320,834	$2,506,775
30	$4,646,550	-$1,679,554 -$336,875	$2,630,121