The jackpot for the Powerball draw on Wed Nov 11, 2026, is projected to be $45 Million, with an option for a cash payout of $19.4 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 Kentucky residents, the state will deduct 4.5% from your lottery earnings.
| Kentucky Powerball Jackpot/Cash Option for Wed Nov 11, 2026 |
|---|
| Draw Date | Wed Nov 11, 2026 | | Projected Jackpot | $45,000,000 | | Cash Value | $19,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $19,400,000 | | Federal Tax(24%) | $4,656,000 | | Additional Federal Tax | $2,482,330 | | State Tax(4.5%) | $873,000 | | Net Lumpsum Payment | $11,388,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$30,478 |
$435,887 |
| 2 |
$711,180 |
$223,467
$32,003 |
$455,710 |
| 3 |
$746,730 |
$236,620
$33,603 |
$476,507 |
| 4 |
$784,080 |
$250,440
$35,284 |
$498,356 |
| 5 |
$823,275 |
$264,942
$37,047 |
$521,286 |
| 6 |
$864,450 |
$280,177
$38,900 |
$545,373 |
| 7 |
$907,650 |
$296,161
$40,844 |
$570,645 |
| 8 |
$953,055 |
$312,961
$42,887 |
$597,207 |
| 9 |
$1,000,710 |
$330,593
$45,032 |
$625,085 |
| 10 |
$1,050,750 |
$349,108
$47,284 |
$654,358 |
| 11 |
$1,103,265 |
$368,538
$49,647 |
$685,080 |
| 12 |
$1,158,435 |
$388,951
$52,130 |
$717,354 |
| 13 |
$1,216,350 |
$410,380
$54,736 |
$751,234 |
| 14 |
$1,277,190 |
$432,891
$57,474 |
$786,825 |
| 15 |
$1,341,045 |
$456,517
$60,347 |
$824,181 |
| 16 |
$1,408,095 |
$481,326
$63,364 |
$863,405 |
| 17 |
$1,478,475 |
$507,366
$66,531 |
$904,578 |
| 18 |
$1,552,410 |
$534,722
$69,858 |
$947,830 |
| 19 |
$1,630,035 |
$563,443
$73,352 |
$993,240 |
| 20 |
$1,711,530 |
$593,596
$77,019 |
$1,040,915 |
| 21 |
$1,797,120 |
$625,265
$80,870 |
$1,090,985 |
| 22 |
$1,886,985 |
$658,515
$84,914 |
$1,143,556 |
| 23 |
$1,981,305 |
$693,413
$89,159 |
$1,198,733 |
| 24 |
$2,080,395 |
$730,077
$93,618 |
$1,256,700 |
| 25 |
$2,184,390 |
$768,555
$98,298 |
$1,317,537 |
| 26 |
$2,293,650 |
$808,981
$103,214 |
$1,381,455 |
| 27 |
$2,408,310 |
$851,405
$108,374 |
$1,448,531 |
| 28 |
$2,528,730 |
$895,960
$113,793 |
$1,518,977 |
| 29 |
$2,655,180 |
$942,747
$119,483 |
$1,592,950 |
| 30 |
$2,787,930 |
$991,864
$125,457 |
$1,670,609 |
|
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