Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Kentucky, your state will take 4.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Kentucky Powerball Jackpot/Cash Option for Mon Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(4.5%)	$1,566,000
Net Lumpsum Payment	$20,397,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$54,861	$752,861
2	$1,280,124	-$433,976 -$57,606	$788,542
3	$1,344,114	-$457,653 -$60,485	$825,976
4	$1,411,344	-$482,528 -$63,510	$865,306
5	$1,481,895	-$508,632 -$66,685	$906,578
6	$1,556,010	-$536,054 -$70,020	$949,936
7	$1,633,770	-$564,825 -$73,520	$995,425
8	$1,715,499	-$595,065 -$77,197	$1,043,237
9	$1,801,278	-$626,803 -$81,058	$1,093,417
10	$1,891,350	-$660,130 -$85,111	$1,146,109
11	$1,985,877	-$695,105 -$89,364	$1,201,408
12	$2,085,183	-$731,848 -$93,833	$1,259,502
13	$2,189,430	-$770,419 -$98,524	$1,320,487
14	$2,298,942	-$810,939 -$103,452	$1,384,551
15	$2,413,881	-$853,466 -$108,625	$1,451,790
16	$2,534,571	-$898,122 -$114,056	$1,522,393
17	$2,661,255	-$944,995 -$119,756	$1,596,504
18	$2,794,338	-$994,235 -$125,745	$1,674,358
19	$2,934,063	-$1,045,934 -$132,033	$1,756,096
20	$3,080,754	-$1,100,209 -$138,634	$1,841,911
21	$3,234,816	-$1,157,212 -$145,567	$1,932,037
22	$3,396,573	-$1,217,062 -$152,846	$2,026,665
23	$3,566,349	-$1,279,880 -$160,486	$2,125,983
24	$3,744,711	-$1,345,873 -$168,512	$2,230,326
25	$3,931,902	-$1,415,134 -$176,936	$2,339,832
26	$4,128,570	-$1,487,901 -$185,786	$2,454,883
27	$4,334,958	-$1,564,265 -$195,073	$2,575,620
28	$4,551,714	-$1,644,465 -$204,827	$2,702,422
29	$4,779,324	-$1,728,680 -$215,070	$2,835,574
30	$5,018,274	-$1,817,092 -$225,822	$2,975,360