The jackpot for the Powerball draw on Wed Jan 7, 2026, is projected to be $105 Million, with an option for a cash payout of $47.4 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 Kansas residents, the state will deduct 5% from your lottery earnings.
| Kansas Powerball Jackpot/Cash Option for Wed Jan 7, 2026 |
|---|
| Draw Date | Wed Jan 7, 2026 | | Projected Jackpot | $105,000,000 | | Cash Value | $47,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $47,400,000 | | Federal Tax(24%) | $11,376,000 | | Additional Federal Tax | $6,122,330 | | State Tax(5%) | $2,370,000 | | Net Lumpsum Payment | $27,531,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,580,355 |
$545,062
$79,018 |
$956,275 |
| 2 |
$1,659,420 |
$574,316
$82,971 |
$1,002,133 |
| 3 |
$1,742,370 |
$605,007
$87,119 |
$1,050,244 |
| 4 |
$1,829,520 |
$637,253
$91,476 |
$1,100,791 |
| 5 |
$1,920,975 |
$671,091
$96,049 |
$1,153,835 |
| 6 |
$2,017,050 |
$706,639
$100,853 |
$1,209,558 |
| 7 |
$2,117,850 |
$743,935
$105,893 |
$1,268,022 |
| 8 |
$2,223,795 |
$783,135
$111,190 |
$1,329,470 |
| 9 |
$2,334,990 |
$824,277
$116,750 |
$1,393,963 |
| 10 |
$2,451,750 |
$867,478
$122,588 |
$1,461,684 |
| 11 |
$2,574,285 |
$912,816
$128,714 |
$1,532,755 |
| 12 |
$2,703,015 |
$960,446
$135,151 |
$1,607,418 |
| 13 |
$2,838,150 |
$1,010,446
$141,908 |
$1,685,796 |
| 14 |
$2,980,110 |
$1,062,971
$149,006 |
$1,768,133 |
| 15 |
$3,129,105 |
$1,118,099
$156,455 |
$1,854,551 |
| 16 |
$3,285,555 |
$1,175,986
$164,278 |
$1,945,291 |
| 17 |
$3,449,775 |
$1,236,747
$172,489 |
$2,040,539 |
| 18 |
$3,622,290 |
$1,300,578
$181,115 |
$2,140,597 |
| 19 |
$3,803,415 |
$1,367,594
$190,171 |
$2,245,650 |
| 20 |
$3,993,570 |
$1,437,951
$199,679 |
$2,355,940 |
| 21 |
$4,193,280 |
$1,511,844
$209,664 |
$2,471,772 |
| 22 |
$4,402,965 |
$1,589,427
$220,148 |
$2,593,390 |
| 23 |
$4,623,045 |
$1,670,857
$231,152 |
$2,721,036 |
| 24 |
$4,854,255 |
$1,756,405
$242,713 |
$2,855,137 |
| 25 |
$5,096,910 |
$1,846,187
$254,846 |
$2,995,877 |
| 26 |
$5,351,850 |
$1,940,515
$267,593 |
$3,143,742 |
| 27 |
$5,619,390 |
$2,039,505
$280,970 |
$3,298,915 |
| 28 |
$5,900,370 |
$2,143,467
$295,019 |
$3,461,884 |
| 29 |
$6,195,420 |
$2,252,636
$309,771 |
$3,633,013 |
| 30 |
$6,505,170 |
$2,367,243
$325,259 |
$3,812,668 |
|
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