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 Kentucky residents, the state will deduct 4.5% from your lottery earnings.
| Kentucky 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(4.5%) | $8,109,000 | | Net Lumpsum Payment | $105,456,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$268,209 |
$3,526,384 |
| 2 |
$6,258,384 |
$2,275,932
$281,627 |
$3,700,825 |
| 3 |
$6,571,224 |
$2,391,683
$295,705 |
$3,883,836 |
| 4 |
$6,899,904 |
$2,513,295
$310,496 |
$4,076,113 |
| 5 |
$7,244,820 |
$2,640,914
$326,017 |
$4,277,889 |
| 6 |
$7,607,160 |
$2,774,980
$342,322 |
$4,489,858 |
| 7 |
$7,987,320 |
$2,915,639
$359,429 |
$4,712,252 |
| 8 |
$8,386,884 |
$3,063,477
$377,410 |
$4,945,997 |
| 9 |
$8,806,248 |
$3,218,642
$396,281 |
$5,191,325 |
| 10 |
$9,246,600 |
$3,381,572
$416,097 |
$5,448,931 |
| 11 |
$9,708,732 |
$3,552,561
$436,893 |
$5,719,278 |
| 12 |
$10,194,228 |
$3,732,195
$458,740 |
$6,003,293 |
| 13 |
$10,703,880 |
$3,920,766
$481,675 |
$6,301,439 |
| 14 |
$11,239,272 |
$4,118,861
$505,767 |
$6,614,644 |
| 15 |
$11,801,196 |
$4,326,773
$531,054 |
$6,943,369 |
| 16 |
$12,391,236 |
$4,545,088
$557,606 |
$7,288,542 |
| 17 |
$13,010,580 |
$4,774,245
$585,476 |
$7,650,859 |
| 18 |
$13,661,208 |
$5,014,977
$614,754 |
$8,031,477 |
| 19 |
$14,344,308 |
$5,267,724
$645,494 |
$8,431,090 |
| 20 |
$15,061,464 |
$5,533,072
$677,766 |
$8,850,626 |
| 21 |
$15,814,656 |
$5,811,753
$711,660 |
$9,291,243 |
| 22 |
$16,605,468 |
$6,104,354
$747,246 |
$9,753,868 |
| 23 |
$17,435,484 |
$6,411,459
$784,597 |
$10,239,428 |
| 24 |
$18,307,476 |
$6,734,097
$823,836 |
$10,749,543 |
| 25 |
$19,222,632 |
$7,072,704
$865,018 |
$11,284,910 |
| 26 |
$20,184,120 |
$7,428,455
$908,285 |
$11,847,380 |
| 27 |
$21,193,128 |
$7,801,788
$953,691 |
$12,437,649 |
| 28 |
$22,252,824 |
$8,193,875
$1,001,377 |
$13,057,572 |
| 29 |
$23,365,584 |
$8,605,596
$1,051,451 |
$13,708,537 |
| 30 |
$24,533,784 |
$9,037,830
$1,104,020 |
$14,391,934 |
|
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