The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 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 Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(7.25%) | $4,589,250 | | Net Lumpsum Payment | $35,329,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$159,315 |
$1,264,746 |
| 2 |
$2,307,384 |
$814,062
$167,285 |
$1,326,037 |
| 3 |
$2,422,724 |
$856,738
$175,647 |
$1,390,339 |
| 4 |
$2,543,904 |
$901,575
$184,433 |
$1,457,896 |
| 5 |
$2,671,070 |
$948,626
$193,653 |
$1,528,791 |
| 6 |
$2,804,660 |
$998,055
$203,338 |
$1,603,267 |
| 7 |
$2,944,820 |
$1,049,914
$213,499 |
$1,681,407 |
| 8 |
$3,092,134 |
$1,104,420
$224,180 |
$1,763,534 |
| 9 |
$3,246,748 |
$1,161,627
$235,389 |
$1,849,732 |
| 10 |
$3,409,100 |
$1,221,697
$247,160 |
$1,940,243 |
| 11 |
$3,579,482 |
$1,284,739
$259,512 |
$2,035,231 |
| 12 |
$3,758,478 |
$1,350,967
$272,490 |
$2,135,021 |
| 13 |
$3,946,380 |
$1,420,491
$286,113 |
$2,239,776 |
| 14 |
$4,143,772 |
$1,493,526
$300,423 |
$2,349,823 |
| 15 |
$4,350,946 |
$1,570,180
$315,444 |
$2,465,322 |
| 16 |
$4,568,486 |
$1,650,670
$331,215 |
$2,586,601 |
| 17 |
$4,796,830 |
$1,735,157
$347,770 |
$2,713,903 |
| 18 |
$5,036,708 |
$1,823,912
$365,161 |
$2,847,635 |
| 19 |
$5,288,558 |
$1,917,097
$383,420 |
$2,988,041 |
| 20 |
$5,552,964 |
$2,014,927
$402,590 |
$3,135,447 |
| 21 |
$5,830,656 |
$2,117,673
$422,723 |
$3,290,260 |
| 22 |
$6,122,218 |
$2,225,551
$443,861 |
$3,452,806 |
| 23 |
$6,428,234 |
$2,338,777
$466,047 |
$3,623,410 |
| 24 |
$6,749,726 |
$2,457,729
$489,355 |
$3,802,642 |
| 25 |
$7,087,132 |
$2,582,569
$513,817 |
$3,990,746 |
| 26 |
$7,441,620 |
$2,713,730
$539,517 |
$4,188,373 |
| 27 |
$7,813,628 |
$2,851,373
$566,488 |
$4,395,767 |
| 28 |
$8,204,324 |
$2,995,930
$594,813 |
$4,613,581 |
| 29 |
$8,614,584 |
$3,147,726
$624,557 |
$4,842,301 |
| 30 |
$9,045,284 |
$3,307,085
$655,783 |
$5,082,416 |
|
|
