Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 7, 2026 is estimated to be $35 Million, with a cash option of 16.5 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 Mar 7, 2026

Draw Date	Jackpot	Cash Option
Sat Mar 7, 2026	$35,000,000	$16,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$16,500,000
Federal Tax(24%)	$3,960,000
Additional Federal Tax	$2,105,330
State Tax(7.25%)	$1,196,250
Net Lumpsum Payment	$9,238,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$526,785	-$155,241 -$38,192	$333,352
2	$553,140	-$164,992 -$40,103	$348,045
3	$580,790	-$175,223 -$42,107	$363,460
4	$609,840	-$185,971 -$44,213	$379,656
5	$640,325	-$197,251 -$46,424	$396,650
6	$672,350	-$209,100 -$48,745	$414,505
7	$705,950	-$221,532 -$51,181	$433,237
8	$741,265	-$234,598 -$53,742	$452,925
9	$778,330	-$248,312 -$56,429	$473,589
10	$817,250	-$262,713 -$59,251	$495,286
11	$858,095	-$277,826 -$62,212	$518,057
12	$901,005	-$293,702 -$65,323	$541,980
13	$946,050	-$310,369 -$68,589	$567,092
14	$993,370	-$327,877 -$72,019	$593,474
15	$1,043,035	-$346,253 -$75,620	$621,162
16	$1,095,185	-$365,549 -$79,401	$650,235
17	$1,149,925	-$385,803 -$83,370	$680,752
18	$1,207,430	-$407,079 -$87,539	$712,812
19	$1,267,805	-$429,418 -$91,916	$746,471
20	$1,331,190	-$452,871 -$96,511	$781,808
21	$1,397,760	-$477,502 -$101,338	$818,920
22	$1,467,655	-$503,363 -$106,405	$857,887
23	$1,541,015	-$530,506 -$111,724	$898,785
24	$1,618,085	-$559,022 -$117,311	$941,752
25	$1,698,970	-$588,949 -$123,175	$986,846
26	$1,783,950	-$620,392 -$129,336	$1,034,222
27	$1,873,130	-$653,388 -$135,802	$1,083,940
28	$1,966,790	-$688,043 -$142,592	$1,136,155
29	$2,065,140	-$724,432 -$149,723	$1,190,985
30	$2,168,390	-$762,635 -$157,208	$1,248,547