Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 3, 2026 is estimated to be $748 Million, with a cash option of 325.1 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 Aug 3, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 3, 2026	$748,000,000	$325,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$325,100,000
Federal Tax(24%)	$78,024,000
Additional Federal Tax	$42,223,330
State Tax(4.5%)	$14,629,500
Net Lumpsum Payment	$190,223,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,258,148	-$4,125,845 -$506,617	$6,625,686
2	$11,821,392	-$4,334,245 -$531,963	$6,955,184
3	$12,412,312	-$4,552,886 -$558,554	$7,300,872
4	$13,033,152	-$4,782,597 -$586,492	$7,664,063
5	$13,684,660	-$5,023,655 -$615,810	$8,045,195
6	$14,369,080	-$5,276,890 -$646,609	$8,445,581
7	$15,087,160	-$5,542,580 -$678,922	$8,865,658
8	$15,841,892	-$5,821,830 -$712,885	$9,307,177
9	$16,634,024	-$6,114,919 -$748,531	$9,770,574
10	$17,465,800	-$6,422,676 -$785,961	$10,257,163
11	$18,338,716	-$6,745,655 -$825,242	$10,767,819
12	$19,255,764	-$7,084,963 -$866,509	$11,304,292
13	$20,218,440	-$7,441,153 -$909,830	$11,867,457
14	$21,229,736	-$7,815,333 -$955,338	$12,459,065
15	$22,291,148	-$8,208,055 -$1,003,102	$13,079,991
16	$23,405,668	-$8,620,428 -$1,053,255	$13,731,985
17	$24,575,540	-$9,053,280 -$1,105,899	$14,416,361
18	$25,804,504	-$9,507,997 -$1,161,203	$15,135,304
19	$27,094,804	-$9,985,408 -$1,219,266	$15,890,130
20	$28,449,432	-$10,486,620 -$1,280,224	$16,682,588
21	$29,872,128	-$11,013,018 -$1,344,246	$17,514,864
22	$31,365,884	-$11,565,707 -$1,411,465	$18,388,712
23	$32,933,692	-$12,145,796 -$1,482,016	$19,305,880
24	$34,580,788	-$12,755,222 -$1,556,135	$20,269,431
25	$36,309,416	-$13,394,814 -$1,633,924	$21,280,678
26	$38,125,560	-$14,066,788 -$1,715,650	$22,343,122
27	$40,031,464	-$14,771,972 -$1,801,416	$23,458,076
28	$42,033,112	-$15,512,582 -$1,891,490	$24,629,040
29	$44,134,992	-$16,290,277 -$1,986,075	$25,858,640
30	$46,341,592	-$17,106,719 -$2,085,372	$27,149,501