Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(4.5%)	$1,156,500
Net Lumpsum Payment	$15,074,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$38,606	$541,545
2	$900,828	-$293,637 -$40,537	$566,654
3	$945,858	-$310,298 -$42,564	$592,996
4	$993,168	-$327,803 -$44,693	$620,672
5	$1,042,815	-$346,172 -$46,927	$649,716
6	$1,094,970	-$365,469 -$49,274	$680,227
7	$1,149,690	-$385,716 -$51,736	$712,238
8	$1,207,203	-$406,995 -$54,324	$745,884
9	$1,267,566	-$429,330 -$57,040	$781,196
10	$1,330,950	-$452,782 -$59,893	$818,275
11	$1,397,469	-$477,394 -$62,886	$857,189
12	$1,467,351	-$503,250 -$66,031	$898,070
13	$1,540,710	-$530,393 -$69,332	$940,985
14	$1,617,774	-$558,907 -$72,800	$986,067
15	$1,698,657	-$588,833 -$76,440	$1,033,384
16	$1,783,587	-$620,258 -$80,261	$1,083,068
17	$1,872,735	-$653,242 -$84,273	$1,135,220
18	$1,966,386	-$687,893 -$88,487	$1,190,006
19	$2,064,711	-$724,273 -$92,912	$1,247,526
20	$2,167,938	-$762,467 -$97,557	$1,307,914
21	$2,276,352	-$802,581 -$102,436	$1,371,335
22	$2,390,181	-$844,697 -$107,558	$1,437,926
23	$2,509,653	-$888,902 -$112,934	$1,507,817
24	$2,635,167	-$935,342 -$118,583	$1,581,242
25	$2,766,894	-$984,081 -$124,510	$1,658,303
26	$2,905,290	-$1,035,288 -$130,738	$1,739,264
27	$3,050,526	-$1,089,025 -$137,274	$1,824,227
28	$3,203,058	-$1,145,462 -$144,138	$1,913,458
29	$3,363,228	-$1,204,725 -$151,345	$2,007,158
30	$3,531,378	-$1,266,940 -$158,912	$2,105,526