The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 Sat Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(5%) | $9,010,000 | | Net Lumpsum Payment | $104,555,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$298,010 |
$3,496,583 |
| 2 |
$6,258,384 |
$2,275,932
$312,919 |
$3,669,533 |
| 3 |
$6,571,224 |
$2,391,683
$328,561 |
$3,850,980 |
| 4 |
$6,899,904 |
$2,513,295
$344,995 |
$4,041,614 |
| 5 |
$7,244,820 |
$2,640,914
$362,241 |
$4,241,665 |
| 6 |
$7,607,160 |
$2,774,980
$380,358 |
$4,451,822 |
| 7 |
$7,987,320 |
$2,915,639
$399,366 |
$4,672,315 |
| 8 |
$8,386,884 |
$3,063,477
$419,344 |
$4,904,063 |
| 9 |
$8,806,248 |
$3,218,642
$440,312 |
$5,147,294 |
| 10 |
$9,246,600 |
$3,381,572
$462,330 |
$5,402,698 |
| 11 |
$9,708,732 |
$3,552,561
$485,437 |
$5,670,734 |
| 12 |
$10,194,228 |
$3,732,195
$509,711 |
$5,952,322 |
| 13 |
$10,703,880 |
$3,920,766
$535,194 |
$6,247,920 |
| 14 |
$11,239,272 |
$4,118,861
$561,964 |
$6,558,447 |
| 15 |
$11,801,196 |
$4,326,773
$590,060 |
$6,884,363 |
| 16 |
$12,391,236 |
$4,545,088
$619,562 |
$7,226,586 |
| 17 |
$13,010,580 |
$4,774,245
$650,529 |
$7,585,806 |
| 18 |
$13,661,208 |
$5,014,977
$683,060 |
$7,963,171 |
| 19 |
$14,344,308 |
$5,267,724
$717,215 |
$8,359,369 |
| 20 |
$15,061,464 |
$5,533,072
$753,073 |
$8,775,319 |
| 21 |
$15,814,656 |
$5,811,753
$790,733 |
$9,212,170 |
| 22 |
$16,605,468 |
$6,104,354
$830,273 |
$9,670,841 |
| 23 |
$17,435,484 |
$6,411,459
$871,774 |
$10,152,251 |
| 24 |
$18,307,476 |
$6,734,097
$915,374 |
$10,658,005 |
| 25 |
$19,222,632 |
$7,072,704
$961,132 |
$11,188,796 |
| 26 |
$20,184,120 |
$7,428,455
$1,009,206 |
$11,746,459 |
| 27 |
$21,193,128 |
$7,801,788
$1,059,656 |
$12,331,684 |
| 28 |
$22,252,824 |
$8,193,875
$1,112,641 |
$12,946,308 |
| 29 |
$23,365,584 |
$8,605,596
$1,168,279 |
$13,591,709 |
| 30 |
$24,533,784 |
$9,037,830
$1,226,689 |
$14,269,265 |
|
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