Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 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 Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(4.5%)	$4,797,000
Net Lumpsum Payment	$62,400,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$170,001	$2,249,683
2	$3,966,804	-$1,428,048 -$178,506	$2,360,250
3	$4,165,094	-$1,501,415 -$187,429	$2,476,250
4	$4,373,424	-$1,578,497 -$196,804	$2,598,123
5	$4,592,045	-$1,659,387 -$206,642	$2,726,016
6	$4,821,710	-$1,744,363 -$216,977	$2,860,370
7	$5,062,670	-$1,833,518 -$227,820	$3,001,332
8	$5,315,929	-$1,927,224 -$239,217	$3,149,488
9	$5,581,738	-$2,025,573 -$251,178	$3,304,987
10	$5,860,850	-$2,128,845 -$263,738	$3,468,267
11	$6,153,767	-$2,237,224 -$276,920	$3,639,623
12	$6,461,493	-$2,351,083 -$290,767	$3,819,643
13	$6,784,530	-$2,470,606 -$305,304	$4,008,620
14	$7,123,882	-$2,596,167 -$320,575	$4,207,140
15	$7,480,051	-$2,727,949 -$336,602	$4,415,500
16	$7,854,041	-$2,866,326 -$353,432	$4,634,283
17	$8,246,605	-$3,011,574 -$371,097	$4,863,934
18	$8,658,998	-$3,164,160 -$389,655	$5,105,183
19	$9,091,973	-$3,324,360 -$409,139	$5,358,474
20	$9,546,534	-$3,492,548 -$429,594	$5,624,392
21	$10,023,936	-$3,669,187 -$451,077	$5,903,672
22	$10,525,183	-$3,854,648 -$473,633	$6,196,902
23	$11,051,279	-$4,049,304 -$497,308	$6,504,667
24	$11,603,981	-$4,253,803 -$522,179	$6,827,999
25	$12,184,042	-$4,468,426 -$548,282	$7,167,334
26	$12,793,470	-$4,693,914 -$575,706	$7,523,850
27	$13,433,018	-$4,930,547 -$604,486	$7,897,985
28	$14,104,694	-$5,179,067 -$634,711	$8,290,916
29	$14,810,004	-$5,440,032 -$666,450	$8,703,522
30	$15,550,454	-$5,713,998 -$699,770	$9,136,686