The jackpot for the Powerball draw on Sat Mar 14, 2026, is projected to be $75 Million, with an option for a cash payout of $34.6 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 Sat Mar 14, 2026 |
|---|
| Draw Date | Sat Mar 14, 2026 | | Projected Jackpot | $75,000,000 | | Cash Value | $34,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,600,000 | | Federal Tax(24%) | $8,304,000 | | Additional Federal Tax | $4,458,330 | | State Tax(7.25%) | $2,508,500 | | Net Lumpsum Payment | $19,329,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,128,825 |
$377,996
$81,840 |
$668,989 |
| 2 |
$1,185,300 |
$398,891
$85,934 |
$700,475 |
| 3 |
$1,244,550 |
$420,814
$90,230 |
$733,506 |
| 4 |
$1,306,800 |
$443,846
$94,743 |
$768,211 |
| 5 |
$1,372,125 |
$468,017
$99,479 |
$804,629 |
| 6 |
$1,440,750 |
$493,408
$104,454 |
$842,888 |
| 7 |
$1,512,750 |
$520,048
$109,674 |
$883,028 |
| 8 |
$1,588,425 |
$548,048
$115,161 |
$925,216 |
| 9 |
$1,667,850 |
$577,435
$120,919 |
$969,496 |
| 10 |
$1,751,250 |
$608,293
$126,966 |
$1,015,991 |
| 11 |
$1,838,775 |
$640,677
$133,311 |
$1,064,787 |
| 12 |
$1,930,725 |
$674,699
$139,978 |
$1,116,048 |
| 13 |
$2,027,250 |
$710,413
$146,976 |
$1,169,861 |
| 14 |
$2,128,650 |
$747,931
$154,327 |
$1,226,392 |
| 15 |
$2,235,075 |
$787,308
$162,043 |
$1,285,724 |
| 16 |
$2,346,825 |
$828,656
$170,145 |
$1,348,024 |
| 17 |
$2,464,125 |
$872,057
$178,649 |
$1,413,419 |
| 18 |
$2,587,350 |
$917,650
$187,583 |
$1,482,117 |
| 19 |
$2,716,725 |
$965,519
$196,963 |
$1,554,243 |
| 20 |
$2,852,550 |
$1,015,774
$206,810 |
$1,629,966 |
| 21 |
$2,995,200 |
$1,068,554
$217,152 |
$1,709,494 |
| 22 |
$3,144,975 |
$1,123,971
$228,011 |
$1,792,993 |
| 23 |
$3,302,175 |
$1,182,135
$239,408 |
$1,880,632 |
| 24 |
$3,467,325 |
$1,243,241
$251,381 |
$1,972,703 |
| 25 |
$3,640,650 |
$1,307,371
$263,947 |
$2,069,332 |
| 26 |
$3,822,750 |
$1,374,748
$277,149 |
$2,170,853 |
| 27 |
$4,013,850 |
$1,445,455
$291,004 |
$2,277,391 |
| 28 |
$4,214,550 |
$1,519,714
$305,555 |
$2,389,281 |
| 29 |
$4,425,300 |
$1,597,691
$320,834 |
$2,506,775 |
| 30 |
$4,646,550 |
$1,679,554
$336,875 |
$2,630,121 |
|
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