The jackpot for the Powerball draw on Mon Jan 19, 2026, is projected to be $193 Million, with an option for a cash payout of $87.9 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 Mon Jan 19, 2026 |
|---|
| Draw Date | Mon Jan 19, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $87,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,900,000 | | Federal Tax(24%) | $21,096,000 | | Additional Federal Tax | $11,387,330 | | State Tax(4.5%) | $3,955,500 | | Net Lumpsum Payment | $51,461,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$130,718 |
$1,739,003 |
| 2 |
$3,050,172 |
$1,088,894
$137,258 |
$1,824,020 |
| 3 |
$3,202,642 |
$1,145,308
$144,119 |
$1,913,215 |
| 4 |
$3,362,832 |
$1,204,578
$151,327 |
$2,006,927 |
| 5 |
$3,530,935 |
$1,266,776
$158,892 |
$2,105,267 |
| 6 |
$3,707,530 |
$1,332,116
$166,839 |
$2,208,575 |
| 7 |
$3,892,810 |
$1,400,670
$175,176 |
$2,316,964 |
| 8 |
$4,087,547 |
$1,472,723
$183,940 |
$2,430,884 |
| 9 |
$4,291,934 |
$1,548,346
$193,137 |
$2,550,451 |
| 10 |
$4,506,550 |
$1,627,754
$202,795 |
$2,676,001 |
| 11 |
$4,731,781 |
$1,711,089
$212,930 |
$2,807,762 |
| 12 |
$4,968,399 |
$1,798,638
$223,578 |
$2,946,183 |
| 13 |
$5,216,790 |
$1,890,543
$234,756 |
$3,091,491 |
| 14 |
$5,477,726 |
$1,987,089
$246,498 |
$3,244,139 |
| 15 |
$5,751,593 |
$2,088,420
$258,822 |
$3,404,351 |
| 16 |
$6,039,163 |
$2,194,821
$271,762 |
$3,572,580 |
| 17 |
$6,341,015 |
$2,306,506
$285,346 |
$3,749,163 |
| 18 |
$6,658,114 |
$2,423,833
$299,615 |
$3,934,666 |
| 19 |
$6,991,039 |
$2,547,015
$314,597 |
$4,129,427 |
| 20 |
$7,340,562 |
$2,676,338
$330,325 |
$4,333,899 |
| 21 |
$7,707,648 |
$2,812,160
$346,844 |
$4,548,644 |
| 22 |
$8,093,069 |
$2,954,766
$364,188 |
$4,774,115 |
| 23 |
$8,497,597 |
$3,104,441
$382,392 |
$5,010,764 |
| 24 |
$8,922,583 |
$3,261,686
$401,516 |
$5,259,381 |
| 25 |
$9,368,606 |
$3,426,715
$421,587 |
$5,520,304 |
| 26 |
$9,837,210 |
$3,600,098
$442,674 |
$5,794,438 |
| 27 |
$10,328,974 |
$3,782,051
$464,804 |
$6,082,119 |
| 28 |
$10,845,442 |
$3,973,144
$488,045 |
$6,384,253 |
| 29 |
$11,387,772 |
$4,173,806
$512,450 |
$6,701,516 |
| 30 |
$11,957,122 |
$4,384,466
$538,070 |
$7,034,586 |
|
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