The jackpot for the Powerball draw on Wed Sep 9, 2026, is projected to be $207 Million, with an option for a cash payout of $89.3 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 9, 2026 |
|---|
| Draw Date | Wed Sep 9, 2026 | | Projected Jackpot | $207,000,000 | | Cash Value | $89,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $89,300,000 | | Federal Tax(24%) | $21,432,000 | | Additional Federal Tax | $11,569,330 | | State Tax(7.25%) | $6,474,250 | | Net Lumpsum Payment | $49,824,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,115,557 |
$1,113,086
$225,878 |
$1,776,593 |
| 2 |
$3,271,428 |
$1,170,759
$237,179 |
$1,863,490 |
| 3 |
$3,434,958 |
$1,231,265
$249,034 |
$1,954,659 |
| 4 |
$3,606,768 |
$1,294,835
$261,491 |
$2,050,442 |
| 5 |
$3,787,065 |
$1,361,544
$274,562 |
$2,150,959 |
| 6 |
$3,976,470 |
$1,431,624
$288,294 |
$2,256,552 |
| 7 |
$4,175,190 |
$1,505,151
$302,701 |
$2,367,338 |
| 8 |
$4,384,053 |
$1,582,430
$317,844 |
$2,483,779 |
| 9 |
$4,603,266 |
$1,663,539
$333,737 |
$2,605,990 |
| 10 |
$4,833,450 |
$1,748,707
$350,425 |
$2,734,318 |
| 11 |
$5,075,019 |
$1,838,087
$367,939 |
$2,868,993 |
| 12 |
$5,328,801 |
$1,931,987
$386,338 |
$3,010,476 |
| 13 |
$5,595,210 |
$2,030,558
$405,653 |
$3,158,999 |
| 14 |
$5,875,074 |
$2,134,108
$425,943 |
$3,315,023 |
| 15 |
$6,168,807 |
$2,242,789
$447,239 |
$3,478,779 |
| 16 |
$6,477,237 |
$2,356,908
$469,600 |
$3,650,729 |
| 17 |
$6,800,985 |
$2,476,695
$493,071 |
$3,831,219 |
| 18 |
$7,141,086 |
$2,602,532
$517,729 |
$4,020,825 |
| 19 |
$7,498,161 |
$2,734,650
$543,617 |
$4,219,894 |
| 20 |
$7,873,038 |
$2,873,354
$570,795 |
$4,428,889 |
| 21 |
$8,266,752 |
$3,019,029
$599,340 |
$4,648,383 |
| 22 |
$8,680,131 |
$3,171,979
$629,309 |
$4,878,843 |
| 23 |
$9,114,003 |
$3,332,511
$660,765 |
$5,120,727 |
| 24 |
$9,569,817 |
$3,501,163
$693,812 |
$5,374,842 |
| 25 |
$10,048,194 |
$3,678,162
$728,494 |
$5,641,538 |
| 26 |
$10,550,790 |
$3,864,123
$764,932 |
$5,921,735 |
| 27 |
$11,078,226 |
$4,059,274
$803,171 |
$6,215,781 |
| 28 |
$11,632,158 |
$4,264,229
$843,331 |
$6,524,598 |
| 29 |
$12,213,828 |
$4,479,447
$885,503 |
$6,848,878 |
| 30 |
$12,824,478 |
$4,705,387
$929,775 |
$7,189,316 |
|
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