The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(7.25%) | $3,335,000 | | Net Lumpsum Payment | $25,684,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$110,211 |
$887,154 |
| 2 |
$1,596,204 |
$550,926
$115,725 |
$929,553 |
| 3 |
$1,675,994 |
$580,448
$121,510 |
$974,036 |
| 4 |
$1,759,824 |
$611,465
$127,587 |
$1,020,772 |
| 5 |
$1,847,795 |
$644,015
$133,965 |
$1,069,815 |
| 6 |
$1,940,210 |
$678,208
$140,665 |
$1,121,337 |
| 7 |
$2,037,170 |
$714,083
$147,695 |
$1,175,392 |
| 8 |
$2,139,079 |
$751,790
$155,083 |
$1,232,206 |
| 9 |
$2,246,038 |
$791,364
$162,838 |
$1,291,836 |
| 10 |
$2,358,350 |
$832,920
$170,980 |
$1,354,450 |
| 11 |
$2,476,217 |
$876,531
$179,526 |
$1,420,160 |
| 12 |
$2,600,043 |
$922,346
$188,503 |
$1,489,194 |
| 13 |
$2,730,030 |
$970,441
$197,927 |
$1,561,662 |
| 14 |
$2,866,582 |
$1,020,966
$207,827 |
$1,637,789 |
| 15 |
$3,009,901 |
$1,073,994
$218,218 |
$1,717,689 |
| 16 |
$3,160,391 |
$1,129,675
$229,128 |
$1,801,588 |
| 17 |
$3,318,355 |
$1,188,122
$240,581 |
$1,889,652 |
| 18 |
$3,484,298 |
$1,249,521
$252,612 |
$1,982,165 |
| 19 |
$3,658,523 |
$1,313,984
$265,243 |
$2,079,296 |
| 20 |
$3,841,434 |
$1,381,661
$278,504 |
$2,181,269 |
| 21 |
$4,033,536 |
$1,452,739
$292,431 |
$2,288,366 |
| 22 |
$4,235,233 |
$1,527,367
$307,054 |
$2,400,812 |
| 23 |
$4,446,929 |
$1,605,694
$322,402 |
$2,518,833 |
| 24 |
$4,669,331 |
$1,687,983
$338,526 |
$2,642,822 |
| 25 |
$4,902,742 |
$1,774,345
$355,449 |
$2,772,948 |
| 26 |
$5,147,970 |
$1,865,079
$373,228 |
$2,909,663 |
| 27 |
$5,405,318 |
$1,960,298
$391,886 |
$3,053,134 |
| 28 |
$5,675,594 |
$2,060,300
$411,481 |
$3,203,813 |
| 29 |
$5,959,404 |
$2,165,310
$432,057 |
$3,362,037 |
| 30 |
$6,257,354 |
$2,275,551
$453,658 |
$3,528,145 |
|
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