Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(4.5%)	$1,786,500
Net Lumpsum Payment	$23,264,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$58,925	$805,690
2	$1,374,948	-$469,061 -$61,873	$844,014
3	$1,443,678	-$494,491 -$64,966	$884,221
4	$1,515,888	-$521,209 -$68,215	$926,464
5	$1,591,665	-$549,246 -$71,625	$970,794
6	$1,671,270	-$578,700 -$75,207	$1,017,363
7	$1,754,790	-$609,603 -$78,966	$1,066,221
8	$1,842,573	-$642,082 -$82,916	$1,117,575
9	$1,934,706	-$676,172 -$87,062	$1,171,472
10	$2,031,450	-$711,967 -$91,415	$1,228,068
11	$2,132,979	-$749,533 -$95,984	$1,287,462
12	$2,239,641	-$788,998 -$100,784	$1,349,859
13	$2,351,610	-$830,426 -$105,822	$1,415,362
14	$2,469,234	-$873,947 -$111,116	$1,484,171
15	$2,592,687	-$919,625 -$116,671	$1,556,391
16	$2,722,317	-$967,588 -$122,504	$1,632,225
17	$2,858,385	-$1,017,933 -$128,627	$1,711,825
18	$3,001,326	-$1,070,821 -$135,060	$1,795,445
19	$3,151,401	-$1,126,349 -$141,813	$1,883,239
20	$3,308,958	-$1,184,645 -$148,903	$1,975,410
21	$3,474,432	-$1,245,870 -$156,349	$2,072,213
22	$3,648,171	-$1,310,154 -$164,168	$2,173,849
23	$3,830,523	-$1,377,624 -$172,374	$2,280,525
24	$4,022,097	-$1,448,506 -$180,994	$2,392,597
25	$4,223,154	-$1,522,897 -$190,042	$2,510,215
26	$4,434,390	-$1,601,055 -$199,548	$2,633,787
27	$4,656,066	-$1,683,075 -$209,523	$2,763,468
28	$4,888,878	-$1,769,215 -$220,000	$2,899,663
29	$5,133,348	-$1,859,669 -$231,001	$3,042,678
30	$5,389,998	-$1,954,630 -$242,550	$3,192,818