The jackpot for the Powerball draw on Wed Nov 11, 2026, is projected to be $45 Million, with an option for a cash payout of $19.4 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 Wed Nov 11, 2026 |
|---|
| Draw Date | Wed Nov 11, 2026 | | Projected Jackpot | $45,000,000 | | Cash Value | $19,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $19,400,000 | | Federal Tax(24%) | $4,656,000 | | Additional Federal Tax | $2,482,330 | | State Tax(7.25%) | $1,406,500 | | Net Lumpsum Payment | $10,855,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$49,104 |
$417,261 |
| 2 |
$711,180 |
$223,467
$51,561 |
$436,152 |
| 3 |
$746,730 |
$236,620
$54,138 |
$455,972 |
| 4 |
$784,080 |
$250,440
$56,846 |
$476,794 |
| 5 |
$823,275 |
$264,942
$59,687 |
$498,646 |
| 6 |
$864,450 |
$280,177
$62,673 |
$521,600 |
| 7 |
$907,650 |
$296,161
$65,805 |
$545,684 |
| 8 |
$953,055 |
$312,961
$69,096 |
$570,998 |
| 9 |
$1,000,710 |
$330,593
$72,551 |
$597,566 |
| 10 |
$1,050,750 |
$349,108
$76,179 |
$625,463 |
| 11 |
$1,103,265 |
$368,538
$79,987 |
$654,740 |
| 12 |
$1,158,435 |
$388,951
$83,987 |
$685,497 |
| 13 |
$1,216,350 |
$410,380
$88,185 |
$717,785 |
| 14 |
$1,277,190 |
$432,891
$92,596 |
$751,703 |
| 15 |
$1,341,045 |
$456,517
$97,226 |
$787,302 |
| 16 |
$1,408,095 |
$481,326
$102,087 |
$824,682 |
| 17 |
$1,478,475 |
$507,366
$107,189 |
$863,920 |
| 18 |
$1,552,410 |
$534,722
$112,550 |
$905,138 |
| 19 |
$1,630,035 |
$563,443
$118,178 |
$948,414 |
| 20 |
$1,711,530 |
$593,596
$124,086 |
$993,848 |
| 21 |
$1,797,120 |
$625,265
$130,291 |
$1,041,564 |
| 22 |
$1,886,985 |
$658,515
$136,806 |
$1,091,664 |
| 23 |
$1,981,305 |
$693,413
$143,645 |
$1,144,247 |
| 24 |
$2,080,395 |
$730,077
$150,829 |
$1,199,489 |
| 25 |
$2,184,390 |
$768,555
$158,368 |
$1,257,467 |
| 26 |
$2,293,650 |
$808,981
$166,290 |
$1,318,379 |
| 27 |
$2,408,310 |
$851,405
$174,602 |
$1,382,303 |
| 28 |
$2,528,730 |
$895,960
$183,333 |
$1,449,437 |
| 29 |
$2,655,180 |
$942,747
$192,501 |
$1,519,932 |
| 30 |
$2,787,930 |
$991,864
$202,125 |
$1,593,941 |
|
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