The jackpot for the Powerball draw on Wed Mar 11, 2026, is projected to be $58 Million, with an option for a cash payout of $26.8 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Kansas residents, the state will deduct 5% from your lottery earnings.
| Kansas Powerball Jackpot/Cash Option for Wed Mar 11, 2026 |
|---|
| Draw Date | Wed Mar 11, 2026 | | Projected Jackpot | $58,000,000 | | Cash Value | $26,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $26,800,000 | | Federal Tax(24%) | $6,432,000 | | Additional Federal Tax | $3,444,330 | | State Tax(5%) | $1,340,000 | | Net Lumpsum Payment | $15,583,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$872,958 |
$283,325
$43,648 |
$545,985 |
| 2 |
$916,632 |
$299,484
$45,832 |
$571,316 |
| 3 |
$962,452 |
$316,438
$48,123 |
$597,891 |
| 4 |
$1,010,592 |
$334,249
$50,530 |
$625,813 |
| 5 |
$1,061,110 |
$352,941
$53,056 |
$655,113 |
| 6 |
$1,114,180 |
$372,577
$55,709 |
$685,894 |
| 7 |
$1,169,860 |
$393,179
$58,493 |
$718,188 |
| 8 |
$1,228,382 |
$414,832
$61,419 |
$752,131 |
| 9 |
$1,289,804 |
$437,558
$64,490 |
$787,756 |
| 10 |
$1,354,300 |
$461,421
$67,715 |
$825,164 |
| 11 |
$1,421,986 |
$486,465
$71,099 |
$864,422 |
| 12 |
$1,493,094 |
$512,775
$74,655 |
$905,664 |
| 13 |
$1,567,740 |
$540,394
$78,387 |
$948,959 |
| 14 |
$1,646,156 |
$569,408
$82,308 |
$994,440 |
| 15 |
$1,728,458 |
$599,860
$86,423 |
$1,042,175 |
| 16 |
$1,814,878 |
$631,835
$90,744 |
$1,092,299 |
| 17 |
$1,905,590 |
$665,399
$95,280 |
$1,144,911 |
| 18 |
$2,000,884 |
$700,657
$100,044 |
$1,200,183 |
| 19 |
$2,100,934 |
$737,676
$105,047 |
$1,258,211 |
| 20 |
$2,205,972 |
$776,540
$110,299 |
$1,319,133 |
| 21 |
$2,316,288 |
$817,357
$115,814 |
$1,383,117 |
| 22 |
$2,432,114 |
$860,213
$121,606 |
$1,450,295 |
| 23 |
$2,553,682 |
$905,193
$127,684 |
$1,520,805 |
| 24 |
$2,681,398 |
$952,448
$134,070 |
$1,594,880 |
| 25 |
$2,815,436 |
$1,002,042
$140,772 |
$1,672,622 |
| 26 |
$2,956,260 |
$1,054,147
$147,813 |
$1,754,300 |
| 27 |
$3,104,044 |
$1,108,827
$155,202 |
$1,840,015 |
| 28 |
$3,259,252 |
$1,166,254
$162,963 |
$1,930,035 |
| 29 |
$3,422,232 |
$1,226,556
$171,112 |
$2,024,564 |
| 30 |
$3,593,332 |
$1,289,863
$179,667 |
$2,123,802 |
|
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