The jackpot for the Powerball draw on Sat Feb 7, 2026, is projected to be $102 Million, with an option for a cash payout of $46.1 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 Feb 7, 2026 |
|---|
| Draw Date | Sat Feb 7, 2026 | | Projected Jackpot | $102,000,000 | | Cash Value | $46,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,100,000 | | Federal Tax(24%) | $11,064,000 | | Additional Federal Tax | $5,953,330 | | State Tax(7.25%) | $3,342,250 | | Net Lumpsum Payment | $25,740,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,535,202 |
$528,355
$111,302 |
$895,545 |
| 2 |
$1,612,008 |
$556,773
$116,871 |
$938,364 |
| 3 |
$1,692,588 |
$586,588
$122,713 |
$983,287 |
| 4 |
$1,777,248 |
$617,912
$128,850 |
$1,030,486 |
| 5 |
$1,866,090 |
$650,784
$135,292 |
$1,080,014 |
| 6 |
$1,959,420 |
$685,316
$142,058 |
$1,132,046 |
| 7 |
$2,057,340 |
$721,546
$149,157 |
$1,186,637 |
| 8 |
$2,160,258 |
$759,626
$156,619 |
$1,244,013 |
| 9 |
$2,268,276 |
$799,593
$164,450 |
$1,304,233 |
| 10 |
$2,381,700 |
$841,559
$172,673 |
$1,367,468 |
| 11 |
$2,500,734 |
$885,602
$181,303 |
$1,433,829 |
| 12 |
$2,625,786 |
$931,871
$190,369 |
$1,503,546 |
| 13 |
$2,757,060 |
$980,443
$199,887 |
$1,576,730 |
| 14 |
$2,894,964 |
$1,031,467
$209,885 |
$1,653,612 |
| 15 |
$3,039,702 |
$1,085,020
$220,378 |
$1,734,304 |
| 16 |
$3,191,682 |
$1,141,253
$231,397 |
$1,819,032 |
| 17 |
$3,351,210 |
$1,200,278
$242,963 |
$1,907,969 |
| 18 |
$3,518,796 |
$1,262,285
$255,113 |
$2,001,398 |
| 19 |
$3,694,746 |
$1,327,386
$267,869 |
$2,099,491 |
| 20 |
$3,879,468 |
$1,395,734
$281,261 |
$2,202,473 |
| 21 |
$4,073,472 |
$1,467,515
$295,327 |
$2,310,630 |
| 22 |
$4,277,166 |
$1,542,882
$310,095 |
$2,424,189 |
| 23 |
$4,490,958 |
$1,621,985
$325,594 |
$2,543,379 |
| 24 |
$4,715,562 |
$1,705,088
$341,878 |
$2,668,596 |
| 25 |
$4,951,284 |
$1,792,305
$358,968 |
$2,800,011 |
| 26 |
$5,198,940 |
$1,883,938
$376,923 |
$2,938,079 |
| 27 |
$5,458,836 |
$1,980,100
$395,766 |
$3,082,970 |
| 28 |
$5,731,788 |
$2,081,092
$415,555 |
$3,235,141 |
| 29 |
$6,018,408 |
$2,187,141
$436,335 |
$3,394,932 |
| 30 |
$6,319,308 |
$2,298,474
$458,150 |
$3,562,684 |
|
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