The jackpot for the Powerball draw on Sat Apr 11, 2026, is projected to be $35 Million, with an option for a cash payout of $15.9 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 Apr 11, 2026 |
|---|
| Draw Date | Sat Apr 11, 2026 | | Projected Jackpot | $35,000,000 | | Cash Value | $15,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,900,000 | | Federal Tax(24%) | $3,816,000 | | Additional Federal Tax | $2,027,330 | | State Tax(7.25%) | $1,152,750 | | Net Lumpsum Payment | $8,903,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$526,785 |
$155,241
$38,192 |
$333,352 |
| 2 |
$553,140 |
$164,992
$40,103 |
$348,045 |
| 3 |
$580,790 |
$175,223
$42,107 |
$363,460 |
| 4 |
$609,840 |
$185,971
$44,213 |
$379,656 |
| 5 |
$640,325 |
$197,251
$46,424 |
$396,650 |
| 6 |
$672,350 |
$209,100
$48,745 |
$414,505 |
| 7 |
$705,950 |
$221,532
$51,181 |
$433,237 |
| 8 |
$741,265 |
$234,598
$53,742 |
$452,925 |
| 9 |
$778,330 |
$248,312
$56,429 |
$473,589 |
| 10 |
$817,250 |
$262,713
$59,251 |
$495,286 |
| 11 |
$858,095 |
$277,826
$62,212 |
$518,057 |
| 12 |
$901,005 |
$293,702
$65,323 |
$541,980 |
| 13 |
$946,050 |
$310,369
$68,589 |
$567,092 |
| 14 |
$993,370 |
$327,877
$72,019 |
$593,474 |
| 15 |
$1,043,035 |
$346,253
$75,620 |
$621,162 |
| 16 |
$1,095,185 |
$365,549
$79,401 |
$650,235 |
| 17 |
$1,149,925 |
$385,803
$83,370 |
$680,752 |
| 18 |
$1,207,430 |
$407,079
$87,539 |
$712,812 |
| 19 |
$1,267,805 |
$429,418
$91,916 |
$746,471 |
| 20 |
$1,331,190 |
$452,871
$96,511 |
$781,808 |
| 21 |
$1,397,760 |
$477,502
$101,338 |
$818,920 |
| 22 |
$1,467,655 |
$503,363
$106,405 |
$857,887 |
| 23 |
$1,541,015 |
$530,506
$111,724 |
$898,785 |
| 24 |
$1,618,085 |
$559,022
$117,311 |
$941,752 |
| 25 |
$1,698,970 |
$588,949
$123,175 |
$986,846 |
| 26 |
$1,783,950 |
$620,392
$129,336 |
$1,034,222 |
| 27 |
$1,873,130 |
$653,388
$135,802 |
$1,083,940 |
| 28 |
$1,966,790 |
$688,043
$142,592 |
$1,136,155 |
| 29 |
$2,065,140 |
$724,432
$149,723 |
$1,190,985 |
| 30 |
$2,168,390 |
$762,635
$157,208 |
$1,248,547 |
|
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