Minnesota Lottery

MNLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 14, 2026 is estimated to be $63 Million, with a cash option of 27.1 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 Nov 14, 2026

Draw Date	Jackpot	Cash Option
Sat Nov 14, 2026	$63,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(7.25%)	$1,964,750
Net Lumpsum Payment	$15,147,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$948,213	-$311,169 -$68,745	$568,299
2	$995,652	-$328,722 -$72,185	$594,745
3	$1,045,422	-$347,137 -$75,793	$622,492
4	$1,097,712	-$366,484 -$79,584	$651,644
5	$1,152,585	-$386,787 -$83,562	$682,236
6	$1,210,230	-$408,115 -$87,742	$714,373
7	$1,270,710	-$430,493 -$92,126	$748,091
8	$1,334,277	-$454,013 -$96,735	$783,529
9	$1,400,994	-$478,698 -$101,572	$820,724
10	$1,471,050	-$504,619 -$106,651	$859,780
11	$1,544,571	-$531,822 -$111,981	$900,768
12	$1,621,809	-$560,400 -$117,581	$943,828
13	$1,702,890	-$590,400 -$123,460	$989,030
14	$1,788,066	-$621,915 -$129,635	$1,036,516
15	$1,877,463	-$654,992 -$136,116	$1,086,355
16	$1,971,333	-$689,724 -$142,922	$1,138,687
17	$2,069,865	-$726,180 -$150,065	$1,193,620
18	$2,173,374	-$764,479 -$157,570	$1,251,325
19	$2,282,049	-$804,689 -$165,449	$1,311,911
20	$2,396,142	-$846,903 -$173,720	$1,375,519
21	$2,515,968	-$891,239 -$182,408	$1,442,321
22	$2,641,779	-$937,789 -$191,529	$1,512,461
23	$2,773,827	-$986,646 -$201,102	$1,586,079
24	$2,912,553	-$1,037,975 -$211,160	$1,663,418
25	$3,058,146	-$1,091,844 -$221,716	$1,744,586
26	$3,211,110	-$1,148,441 -$232,805	$1,829,864
27	$3,371,634	-$1,207,835 -$244,443	$1,919,356
28	$3,540,222	-$1,270,213 -$256,666	$2,013,343
29	$3,717,252	-$1,335,714 -$269,501	$2,112,037
30	$3,903,102	-$1,404,478 -$282,975	$2,215,649