The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Mon Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(7.25%) | $9,686,000 | | Net Lumpsum Payment | $74,521,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$341,545 |
$2,666,031 |
| 2 |
$4,946,652 |
$1,790,592
$358,632 |
$2,797,428 |
| 3 |
$5,193,922 |
$1,882,082
$376,559 |
$2,935,281 |
| 4 |
$5,453,712 |
$1,978,204
$395,394 |
$3,080,114 |
| 5 |
$5,726,335 |
$2,079,074
$415,159 |
$3,232,102 |
| 6 |
$6,012,730 |
$2,185,040
$435,923 |
$3,391,767 |
| 7 |
$6,313,210 |
$2,296,218
$457,708 |
$3,559,284 |
| 8 |
$6,629,027 |
$2,413,070
$480,604 |
$3,735,353 |
| 9 |
$6,960,494 |
$2,535,713
$504,636 |
$3,920,145 |
| 10 |
$7,308,550 |
$2,664,494
$529,870 |
$4,114,186 |
| 11 |
$7,673,821 |
$2,799,644
$556,352 |
$4,317,825 |
| 12 |
$8,057,559 |
$2,941,627
$584,173 |
$4,531,759 |
| 13 |
$8,460,390 |
$3,090,675
$613,378 |
$4,756,337 |
| 14 |
$8,883,566 |
$3,247,250
$644,059 |
$4,992,257 |
| 15 |
$9,327,713 |
$3,411,584
$676,259 |
$5,239,870 |
| 16 |
$9,794,083 |
$3,584,141
$710,071 |
$5,499,871 |
| 17 |
$10,283,615 |
$3,765,268
$745,562 |
$5,772,785 |
| 18 |
$10,797,874 |
$3,955,544
$782,846 |
$6,059,484 |
| 19 |
$11,337,799 |
$4,155,316
$821,990 |
$6,360,493 |
| 20 |
$11,904,642 |
$4,365,048
$863,087 |
$6,676,507 |
| 21 |
$12,499,968 |
$4,585,319
$906,248 |
$7,008,401 |
| 22 |
$13,125,029 |
$4,816,591
$951,565 |
$7,356,873 |
| 23 |
$13,781,077 |
$5,059,329
$999,128 |
$7,722,620 |
| 24 |
$14,470,303 |
$5,314,342
$1,049,097 |
$8,106,864 |
| 25 |
$15,193,646 |
$5,581,979
$1,101,539 |
$8,510,128 |
| 26 |
$15,953,610 |
$5,863,166
$1,156,637 |
$8,933,807 |
| 27 |
$16,751,134 |
$6,158,250
$1,214,457 |
$9,378,427 |
| 28 |
$17,588,722 |
$6,468,158
$1,275,182 |
$9,845,382 |
| 29 |
$18,468,252 |
$6,793,584
$1,338,948 |
$10,335,720 |
| 30 |
$19,391,602 |
$7,135,223
$1,405,891 |
$10,850,488 |
|
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