Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 14, 2026 is estimated to be $63 Million, with a cash option of 27.1 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 Sat Nov 14, 2026

Draw Date	Jackpot	Cash Option
Sat Nov 14, 2026	$63,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(4.5%)	$1,219,500
Net Lumpsum Payment	$15,893,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$948,213	-$311,169 -$42,670	$594,374
2	$995,652	-$328,722 -$44,804	$622,126
3	$1,045,422	-$347,137 -$47,044	$651,241
4	$1,097,712	-$366,484 -$49,397	$681,831
5	$1,152,585	-$386,787 -$51,866	$713,932
6	$1,210,230	-$408,115 -$54,460	$747,655
7	$1,270,710	-$430,493 -$57,182	$783,035
8	$1,334,277	-$454,013 -$60,042	$820,222
9	$1,400,994	-$478,698 -$63,045	$859,251
10	$1,471,050	-$504,619 -$66,197	$900,234
11	$1,544,571	-$531,822 -$69,506	$943,243
12	$1,621,809	-$560,400 -$72,981	$988,428
13	$1,702,890	-$590,400 -$76,630	$1,035,860
14	$1,788,066	-$621,915 -$80,463	$1,085,688
15	$1,877,463	-$654,992 -$84,486	$1,137,985
16	$1,971,333	-$689,724 -$88,710	$1,192,899
17	$2,069,865	-$726,180 -$93,144	$1,250,541
18	$2,173,374	-$764,479 -$97,802	$1,311,093
19	$2,282,049	-$804,689 -$102,692	$1,374,668
20	$2,396,142	-$846,903 -$107,826	$1,441,413
21	$2,515,968	-$891,239 -$113,219	$1,511,510
22	$2,641,779	-$937,789 -$118,880	$1,585,110
23	$2,773,827	-$986,646 -$124,822	$1,662,359
24	$2,912,553	-$1,037,975 -$131,065	$1,743,513
25	$3,058,146	-$1,091,844 -$137,617	$1,828,685
26	$3,211,110	-$1,148,441 -$144,500	$1,918,169
27	$3,371,634	-$1,207,835 -$151,724	$2,012,075
28	$3,540,222	-$1,270,213 -$159,310	$2,110,699
29	$3,717,252	-$1,335,714 -$167,276	$2,214,262
30	$3,903,102	-$1,404,478 -$175,640	$2,322,984