The jackpot for the Powerball draw on Wed Sep 23, 2026, is projected to be $332 Million, with an option for a cash payout of $141.7 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 Sep 23, 2026 |
|---|
| Draw Date | Wed Sep 23, 2026 | | Projected Jackpot | $332,000,000 | | Cash Value | $141,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,700,000 | | Federal Tax(24%) | $34,008,000 | | Additional Federal Tax | $18,381,330 | | State Tax(4.5%) | $6,376,500 | | Net Lumpsum Payment | $82,934,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,996,932 |
$1,809,195
$224,862 |
$2,962,875 |
| 2 |
$5,246,928 |
$1,901,694
$236,112 |
$3,109,122 |
| 3 |
$5,509,208 |
$1,998,737
$247,914 |
$3,262,557 |
| 4 |
$5,784,768 |
$2,100,695
$260,315 |
$3,423,758 |
| 5 |
$6,073,940 |
$2,207,688
$273,327 |
$3,592,925 |
| 6 |
$6,377,720 |
$2,320,087
$286,997 |
$3,770,636 |
| 7 |
$6,696,440 |
$2,438,013
$301,340 |
$3,957,087 |
| 8 |
$7,031,428 |
$2,561,959
$316,414 |
$4,153,055 |
| 9 |
$7,383,016 |
$2,692,046
$332,236 |
$4,358,734 |
| 10 |
$7,752,200 |
$2,828,644
$348,849 |
$4,574,707 |
| 11 |
$8,139,644 |
$2,971,999
$366,284 |
$4,801,361 |
| 12 |
$8,546,676 |
$3,122,601
$384,600 |
$5,039,475 |
| 13 |
$8,973,960 |
$3,280,696
$403,828 |
$5,289,436 |
| 14 |
$9,422,824 |
$3,446,775
$424,027 |
$5,552,022 |
| 15 |
$9,893,932 |
$3,621,085
$445,227 |
$5,827,620 |
| 16 |
$10,388,612 |
$3,804,117
$467,488 |
$6,117,007 |
| 17 |
$10,907,860 |
$3,996,239
$490,854 |
$6,420,767 |
| 18 |
$11,453,336 |
$4,198,065
$515,400 |
$6,739,871 |
| 19 |
$12,026,036 |
$4,409,964
$541,172 |
$7,074,900 |
| 20 |
$12,627,288 |
$4,632,427
$568,228 |
$7,426,633 |
| 21 |
$13,258,752 |
$4,866,069
$596,644 |
$7,796,039 |
| 22 |
$13,921,756 |
$5,111,380
$626,479 |
$8,183,897 |
| 23 |
$14,617,628 |
$5,368,853
$657,793 |
$8,590,982 |
| 24 |
$15,348,692 |
$5,639,346
$690,691 |
$9,018,655 |
| 25 |
$16,115,944 |
$5,923,230
$725,217 |
$9,467,497 |
| 26 |
$16,922,040 |
$6,221,485
$761,492 |
$9,939,063 |
| 27 |
$17,767,976 |
$6,534,482
$799,559 |
$10,433,935 |
| 28 |
$18,656,408 |
$6,863,201
$839,538 |
$10,953,669 |
| 29 |
$19,589,328 |
$7,208,382
$881,520 |
$11,499,426 |
| 30 |
$20,568,728 |
$7,570,760
$925,593 |
$12,072,375 |
|
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