Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(4.5%)	$1,327,500
Net Lumpsum Payment	$17,297,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$43,347	$603,179
2	$1,011,456	-$334,569 -$45,516	$631,371
3	$1,062,016	-$353,276 -$47,791	$660,949
4	$1,115,136	-$372,931 -$50,181	$692,024
5	$1,170,880	-$393,556 -$52,690	$724,634
6	$1,229,440	-$415,223 -$55,325	$758,892
7	$1,290,880	-$437,956 -$58,090	$794,834
8	$1,355,456	-$461,849 -$60,996	$832,611
9	$1,423,232	-$486,926 -$64,045	$872,261
10	$1,494,400	-$513,258 -$67,248	$913,894
11	$1,569,088	-$540,893 -$70,609	$957,586
12	$1,647,552	-$569,925 -$74,140	$1,003,487
13	$1,729,920	-$600,401 -$77,846	$1,051,673
14	$1,816,448	-$632,416 -$81,740	$1,102,292
15	$1,907,264	-$666,018 -$85,827	$1,155,419
16	$2,002,624	-$701,301 -$90,118	$1,211,205
17	$2,102,720	-$738,337 -$94,622	$1,269,761
18	$2,207,872	-$777,243 -$99,354	$1,331,275
19	$2,318,272	-$818,091 -$104,322	$1,395,859
20	$2,434,176	-$860,976 -$109,538	$1,463,662
21	$2,555,904	-$906,015 -$115,016	$1,534,873
22	$2,683,712	-$953,304 -$120,767	$1,609,641
23	$2,817,856	-$1,002,937 -$126,804	$1,688,115
24	$2,958,784	-$1,055,080 -$133,145	$1,770,559
25	$3,106,688	-$1,109,805 -$139,801	$1,857,082
26	$3,262,080	-$1,167,300 -$146,794	$1,947,986
27	$3,425,152	-$1,227,637 -$154,132	$2,043,383
28	$3,596,416	-$1,291,004 -$161,839	$2,143,573
29	$3,776,256	-$1,357,545 -$169,932	$2,248,779
30	$3,965,056	-$1,427,401 -$178,428	$2,359,227