Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 28, 2026 is estimated to be $43 Million, with a cash option of 19.4 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 Wed Jan 28, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 28, 2026	$43,000,000	$19,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,400,000
Federal Tax(24%)	$4,656,000
Additional Federal Tax	$2,482,330
State Tax(4.5%)	$873,000
Net Lumpsum Payment	$11,388,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$647,193	-$199,792 -$29,124	$418,277
2	$679,572	-$211,772 -$30,581	$437,219
3	$713,542	-$224,341 -$32,109	$457,092
4	$749,232	-$237,546 -$33,715	$477,971
5	$786,685	-$251,404 -$35,401	$499,880
6	$826,030	-$265,961 -$37,171	$522,898
7	$867,310	-$281,235 -$39,029	$547,046
8	$910,697	-$297,288 -$40,981	$572,428
9	$956,234	-$314,137 -$43,031	$599,066
10	$1,004,050	-$331,829 -$45,182	$627,039
11	$1,054,231	-$350,396 -$47,440	$656,395
12	$1,106,949	-$369,902 -$49,813	$687,234
13	$1,162,290	-$390,378 -$52,303	$719,609
14	$1,220,426	-$411,888 -$54,919	$753,619
15	$1,281,443	-$434,464 -$57,665	$789,314
16	$1,345,513	-$458,170 -$60,548	$826,795
17	$1,412,765	-$483,053 -$63,574	$866,138
18	$1,483,414	-$509,194 -$66,754	$907,466
19	$1,557,589	-$536,638 -$70,092	$950,859
20	$1,635,462	-$565,451 -$73,596	$996,415
21	$1,717,248	-$595,712 -$77,276	$1,044,260
22	$1,803,119	-$627,484 -$81,140	$1,094,495
23	$1,893,247	-$660,832 -$85,196	$1,147,219
24	$1,987,933	-$695,866 -$89,457	$1,202,610
25	$2,087,306	-$732,634 -$93,929	$1,260,743
26	$2,191,710	-$771,263 -$98,627	$1,321,820
27	$2,301,274	-$811,802 -$103,557	$1,385,915
28	$2,416,342	-$854,377 -$108,735	$1,453,230
29	$2,537,172	-$899,084 -$114,173	$1,523,915
30	$2,664,022	-$946,019 -$119,881	$1,598,122