Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(4.5%)	$9,549,000
Net Lumpsum Payment	$124,176,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$323,747	$4,248,381
2	$7,554,312	-$2,755,426 -$339,944	$4,458,942
3	$7,931,932	-$2,895,145 -$356,937	$4,679,850
4	$8,328,672	-$3,041,939 -$374,790	$4,911,943
5	$8,745,010	-$3,195,984 -$393,525	$5,155,501
6	$9,182,380	-$3,357,811 -$413,207	$5,411,362
7	$9,641,260	-$3,527,597 -$433,857	$5,679,806
8	$10,123,562	-$3,706,048 -$455,560	$5,961,954
9	$10,629,764	-$3,893,343 -$478,339	$6,258,082
10	$11,161,300	-$4,090,011 -$502,259	$6,569,030
11	$11,719,126	-$4,296,407 -$527,361	$6,895,358
12	$12,305,154	-$4,513,237 -$553,732	$7,238,185
13	$12,920,340	-$4,740,856 -$581,415	$7,598,069
14	$13,566,596	-$4,979,971 -$610,497	$7,976,128
15	$14,244,878	-$5,230,935 -$641,020	$8,372,923
16	$14,957,098	-$5,494,457 -$673,069	$8,789,572
17	$15,704,690	-$5,771,066 -$706,711	$9,226,913
18	$16,490,044	-$6,061,647 -$742,052	$9,686,345
19	$17,314,594	-$6,366,730 -$779,157	$10,168,707
20	$18,180,252	-$6,687,024 -$818,111	$10,675,117
21	$19,089,408	-$7,023,411 -$859,023	$11,206,974
22	$20,043,974	-$7,376,601 -$901,979	$11,765,394
23	$21,045,862	-$7,747,299 -$947,064	$12,351,499
24	$22,098,418	-$8,136,745 -$994,429	$12,967,244
25	$23,203,076	-$8,545,469 -$1,044,138	$13,613,469
26	$24,363,660	-$8,974,885 -$1,096,365	$14,292,410
27	$25,581,604	-$9,425,524 -$1,151,172	$15,004,908
28	$26,860,732	-$9,898,801 -$1,208,733	$15,753,198
29	$28,203,912	-$10,395,778 -$1,269,176	$16,538,958
30	$29,614,012	-$10,917,515 -$1,332,631	$17,363,866