Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 26, 2026 is estimated to be $687 Million, with a cash option of 294.7 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 Oct 26, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 26, 2026	$687,000,000	$294,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,700,000
Federal Tax(24%)	$70,728,000
Additional Federal Tax	$38,271,330
State Tax(4.5%)	$13,261,500
Net Lumpsum Payment	$172,439,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,340,037	-$3,786,144 -$465,302	$6,088,591
2	$10,857,348	-$3,977,549 -$488,581	$6,391,218
3	$11,400,078	-$4,178,359 -$513,004	$6,708,715
4	$11,970,288	-$4,389,337 -$538,663	$7,042,288
5	$12,568,665	-$4,610,736 -$565,590	$7,392,339
6	$13,197,270	-$4,843,320 -$593,877	$7,760,073
7	$13,856,790	-$5,087,343 -$623,556	$8,145,891
8	$14,549,973	-$5,343,820 -$654,749	$8,551,404
9	$15,277,506	-$5,613,008 -$687,488	$8,977,010
10	$16,041,450	-$5,895,667 -$721,865	$9,423,918
11	$16,843,179	-$6,192,307 -$757,943	$9,892,929
12	$17,685,441	-$6,503,944 -$795,845	$10,385,652
13	$18,569,610	-$6,831,086 -$835,632	$10,902,892
14	$19,498,434	-$7,174,751 -$877,430	$11,446,253
15	$20,473,287	-$7,535,447 -$921,298	$12,016,542
16	$21,496,917	-$7,914,190 -$967,361	$12,615,366
17	$22,571,385	-$8,311,743 -$1,015,712	$13,243,930
18	$23,700,126	-$8,729,377 -$1,066,506	$13,904,243
19	$24,885,201	-$9,167,855 -$1,119,834	$14,597,512
20	$26,129,358	-$9,628,193 -$1,175,821	$15,325,344
21	$27,436,032	-$10,111,662 -$1,234,621	$16,089,749
22	$28,807,971	-$10,619,280 -$1,296,359	$16,892,332
23	$30,247,923	-$11,152,062 -$1,361,157	$17,734,704
24	$31,760,697	-$11,711,788 -$1,429,231	$18,619,678
25	$33,348,354	-$12,299,221 -$1,500,676	$19,548,457
26	$35,016,390	-$12,916,395 -$1,575,738	$20,524,257
27	$36,766,866	-$13,564,071 -$1,654,509	$21,548,286
28	$38,605,278	-$14,244,283 -$1,737,238	$22,623,757
29	$40,535,748	-$14,958,557 -$1,824,109	$23,753,082
30	$42,562,398	-$15,708,418 -$1,915,308	$24,938,672