Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(4.5%)	$954,000
Net Lumpsum Payment	$12,441,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$31,156	$444,692
2	$726,984	-$229,314 -$32,714	$464,956
3	$763,324	-$242,760 -$34,350	$486,214
4	$801,504	-$256,887 -$36,068	$508,549
5	$841,570	-$271,711 -$37,871	$531,988
6	$883,660	-$287,285 -$39,765	$556,610
7	$927,820	-$303,624 -$41,752	$582,444
8	$974,234	-$320,797 -$43,841	$609,596
9	$1,022,948	-$338,821 -$46,033	$638,094
10	$1,074,100	-$357,747 -$48,335	$668,018
11	$1,127,782	-$377,610 -$50,750	$699,422
12	$1,184,178	-$398,476 -$53,288	$732,414
13	$1,243,380	-$420,381 -$55,952	$767,047
14	$1,305,572	-$443,392 -$58,751	$803,429
15	$1,370,846	-$467,543 -$61,688	$841,615
16	$1,439,386	-$492,903 -$64,772	$881,711
17	$1,511,330	-$519,522 -$68,010	$923,798
18	$1,586,908	-$547,486 -$71,411	$968,011
19	$1,666,258	-$576,846 -$74,982	$1,014,430
20	$1,749,564	-$607,669 -$78,730	$1,063,165
21	$1,837,056	-$640,041 -$82,668	$1,114,347
22	$1,928,918	-$674,030 -$86,801	$1,168,087
23	$2,025,334	-$709,704 -$91,140	$1,224,490
24	$2,126,626	-$747,182 -$95,698	$1,283,746
25	$2,232,932	-$786,515 -$100,482	$1,345,935
26	$2,344,620	-$827,840 -$105,508	$1,411,272
27	$2,461,828	-$871,207 -$110,782	$1,479,839
28	$2,584,924	-$916,752 -$116,322	$1,551,850
29	$2,714,184	-$964,578 -$122,138	$1,627,468
30	$2,849,884	-$1,014,787 -$128,245	$1,706,852