The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 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 Sat Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(7.25%) | $8,337,500 | | Net Lumpsum Payment | $64,152,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$281,529 |
$2,204,530 |
| 2 |
$4,077,432 |
$1,468,980
$295,614 |
$2,312,838 |
| 3 |
$4,281,252 |
$1,544,394
$310,391 |
$2,426,467 |
| 4 |
$4,495,392 |
$1,623,625
$325,916 |
$2,545,851 |
| 5 |
$4,720,110 |
$1,706,771
$342,208 |
$2,671,131 |
| 6 |
$4,956,180 |
$1,794,117
$359,323 |
$2,802,740 |
| 7 |
$5,203,860 |
$1,885,759
$377,280 |
$2,940,821 |
| 8 |
$5,464,182 |
$1,982,078
$396,153 |
$3,085,951 |
| 9 |
$5,737,404 |
$2,083,170
$415,962 |
$3,238,272 |
| 10 |
$6,024,300 |
$2,189,321
$436,762 |
$3,398,217 |
| 11 |
$6,325,386 |
$2,300,723
$458,590 |
$3,566,073 |
| 12 |
$6,641,694 |
$2,417,757
$481,523 |
$3,742,414 |
| 13 |
$6,973,740 |
$2,540,614
$505,596 |
$3,927,530 |
| 14 |
$7,322,556 |
$2,669,676
$530,885 |
$4,121,995 |
| 15 |
$7,688,658 |
$2,805,134
$557,428 |
$4,326,096 |
| 16 |
$8,073,078 |
$2,947,369
$585,298 |
$4,540,411 |
| 17 |
$8,476,590 |
$3,096,669
$614,553 |
$4,765,368 |
| 18 |
$8,900,484 |
$3,253,509
$645,285 |
$5,001,690 |
| 19 |
$9,345,534 |
$3,418,178
$677,551 |
$5,249,805 |
| 20 |
$9,812,772 |
$3,591,056
$711,426 |
$5,510,290 |
| 21 |
$10,303,488 |
$3,772,621
$747,003 |
$5,783,864 |
| 22 |
$10,818,714 |
$3,963,255
$784,357 |
$6,071,102 |
| 23 |
$11,359,482 |
$4,163,339
$823,562 |
$6,372,581 |
| 24 |
$11,927,598 |
$4,373,542
$864,751 |
$6,689,305 |
| 25 |
$12,523,836 |
$4,594,150
$907,978 |
$7,021,708 |
| 26 |
$13,150,260 |
$4,825,927
$953,394 |
$7,370,939 |
| 27 |
$13,807,644 |
$5,069,159
$1,001,054 |
$7,737,431 |
| 28 |
$14,498,052 |
$5,324,610
$1,051,109 |
$8,122,333 |
| 29 |
$15,223,032 |
$5,592,852
$1,103,670 |
$8,526,510 |
| 30 |
$15,984,132 |
$5,874,459
$1,158,850 |
$8,950,823 |
|
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