Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(4.5%)	$3,402,000
Net Lumpsum Payment	$44,265,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$116,495	$1,554,101
2	$2,718,288	-$966,097 -$122,323	$1,629,868
3	$2,854,168	-$1,016,373 -$128,438	$1,709,357
4	$2,996,928	-$1,069,194 -$134,862	$1,792,872
5	$3,146,740	-$1,124,624 -$141,603	$1,880,513
6	$3,304,120	-$1,182,855 -$148,685	$1,972,580
7	$3,469,240	-$1,243,949 -$156,116	$2,069,175
8	$3,642,788	-$1,308,162 -$163,925	$2,170,701
9	$3,824,936	-$1,375,557 -$172,122	$2,277,257
10	$4,016,200	-$1,446,324 -$180,729	$2,389,147
11	$4,216,924	-$1,520,592 -$189,762	$2,506,570
12	$4,427,796	-$1,598,615 -$199,251	$2,629,930
13	$4,649,160	-$1,680,520 -$209,212	$2,759,428
14	$4,881,704	-$1,766,561 -$219,677	$2,895,466
15	$5,125,772	-$1,856,866 -$230,660	$3,038,246
16	$5,382,052	-$1,951,690 -$242,192	$3,188,170
17	$5,651,060	-$2,051,223 -$254,298	$3,345,539
18	$5,933,656	-$2,155,783 -$267,015	$3,510,858
19	$6,230,356	-$2,265,562 -$280,366	$3,684,428
20	$6,541,848	-$2,380,814 -$294,383	$3,866,651
21	$6,868,992	-$2,501,857 -$309,105	$4,058,030
22	$7,212,476	-$2,628,947 -$324,561	$4,258,968
23	$7,572,988	-$2,762,336 -$340,784	$4,469,868
24	$7,951,732	-$2,902,471 -$357,828	$4,691,433
25	$8,349,224	-$3,049,543 -$375,715	$4,923,966
26	$8,766,840	-$3,204,061 -$394,508	$5,168,271
27	$9,205,096	-$3,366,216 -$414,229	$5,424,651
28	$9,665,368	-$3,536,517 -$434,942	$5,693,909
29	$10,148,688	-$3,715,345 -$456,691	$5,976,652
30	$10,656,088	-$3,903,083 -$479,524	$6,273,481