Powerball Payout Calculator Minnesota
Minnesota taxes lottery winnings at 9.85% on top of federal tax. Minnesota's top rate of 9.85% applies to jackpot-size prizes — one of the highest lottery tax states. (as of Jan 2026)
Calculate your exact Minnesota payout →Example: what a jackpot is worth in Minnesota
After-tax estimates using 9.85% state tax, the 2026 federal brackets (24% withheld up front, 37% top rate), and a lump sum cash value of 47% of the advertised jackpot.
| Advertised jackpot | Lump sum net | Annuity net (30-yr total) | First annuity payment (net) |
|---|---|---|---|
| $100M | $25,024,543 | $54,471,282 | $844,027 |
| $500M | $124,946,543 | $267,071,282 | $4,043,962 |
| $1B | $249,849,043 | $532,821,282 | $8,043,880 |
How Minnesota compares
Eleven jurisdictions take no state tax on lottery wins (including Texas, Florida, and California). Among states that do tax, rates run from 2.5% (North Dakota, Arizona) to 10.9% (New York). See the full 51-state comparison table or read lump sum vs annuity: which to take.
Minnesota lottery tax FAQ
How much tax does Minnesota take from lottery winnings?
Minnesota's top rate of 9.85% applies to jackpot-size prizes — one of the highest lottery tax states.
What would I actually take home from a $500 million jackpot in Minnesota?
Taking the lump sum (cash value about 47% of the jackpot), you would clear roughly $124,946,543 after federal and state taxes. Taking the 30-year annuity, the after-tax total is roughly $267,071,282, paid in 30 growing installments.
Is the federal tax the same in Minnesota as everywhere else?
Yes. Federal treatment is identical nationwide: 24% is withheld on prizes over $5,000, and jackpot-size winnings reach the 37% top bracket (income above $640,600 for a single filer in 2026), so the remainder is due when you file.
Do I pay Minnesota tax if I bought the ticket somewhere else?
State withholding follows the state of purchase. If you live in Minnesota but bought the winning ticket in another state, that state withholds first — Minnesota then taxes you as a resident with a credit for tax paid there (rules vary; confirm with a tax professional).