The jackpot for the Powerball draw on Sat Mar 21, 2026, is projected to be $120 Million, with an option for a cash payout of $54.6 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 Mar 21, 2026 |
|---|
| Draw Date | Sat Mar 21, 2026 | | Projected Jackpot | $120,000,000 | | Cash Value | $54,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $54,600,000 | | Federal Tax(24%) | $13,104,000 | | Additional Federal Tax | $7,058,330 | | State Tax(4.5%) | $2,457,000 | | Net Lumpsum Payment | $31,980,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$81,275 |
$1,096,250 |
| 2 |
$1,896,480 |
$662,028
$85,342 |
$1,149,110 |
| 3 |
$1,991,280 |
$697,104
$89,608 |
$1,204,568 |
| 4 |
$2,090,880 |
$733,956
$94,090 |
$1,262,834 |
| 5 |
$2,195,400 |
$772,628
$98,793 |
$1,323,979 |
| 6 |
$2,305,200 |
$813,254
$103,734 |
$1,388,212 |
| 7 |
$2,420,400 |
$855,878
$108,918 |
$1,455,604 |
| 8 |
$2,541,480 |
$900,678
$114,367 |
$1,526,435 |
| 9 |
$2,668,560 |
$947,698
$120,085 |
$1,600,777 |
| 10 |
$2,802,000 |
$997,070
$126,090 |
$1,678,840 |
| 11 |
$2,942,040 |
$1,048,885
$132,392 |
$1,760,763 |
| 12 |
$3,089,160 |
$1,103,320
$139,012 |
$1,846,828 |
| 13 |
$3,243,600 |
$1,160,462
$145,962 |
$1,937,176 |
| 14 |
$3,405,840 |
$1,220,491
$153,263 |
$2,032,086 |
| 15 |
$3,576,120 |
$1,283,495
$160,925 |
$2,131,700 |
| 16 |
$3,754,920 |
$1,349,651
$168,971 |
$2,236,298 |
| 17 |
$3,942,600 |
$1,419,092
$177,417 |
$2,346,091 |
| 18 |
$4,139,760 |
$1,492,042
$186,289 |
$2,461,429 |
| 19 |
$4,346,760 |
$1,568,632
$195,604 |
$2,582,524 |
| 20 |
$4,564,080 |
$1,649,040
$205,384 |
$2,709,656 |
| 21 |
$4,792,320 |
$1,733,489
$215,654 |
$2,843,177 |
| 22 |
$5,031,960 |
$1,822,156
$226,438 |
$2,983,366 |
| 23 |
$5,283,480 |
$1,915,218
$237,757 |
$3,130,505 |
| 24 |
$5,547,720 |
$2,012,987
$249,647 |
$3,285,086 |
| 25 |
$5,825,040 |
$2,115,595
$262,127 |
$3,447,318 |
| 26 |
$6,116,400 |
$2,223,398
$275,238 |
$3,617,764 |
| 27 |
$6,422,160 |
$2,336,530
$288,997 |
$3,796,633 |
| 28 |
$6,743,280 |
$2,455,344
$303,448 |
$3,984,488 |
| 29 |
$7,080,480 |
$2,580,108
$318,622 |
$4,181,750 |
| 30 |
$7,434,480 |
$2,711,088
$334,552 |
$4,388,840 |
|
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