The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $294,700,000 | | Federal Tax(24%) | $70,728,000 | | Additional Federal Tax | $38,271,330 | | State Tax(4.5%) | $13,261,500 | | Net Lumpsum Payment | $172,439,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,340,037 |
$3,786,144
$465,302 |
$6,088,591 |
| 2 |
$10,857,348 |
$3,977,549
$488,581 |
$6,391,218 |
| 3 |
$11,400,078 |
$4,178,359
$513,004 |
$6,708,715 |
| 4 |
$11,970,288 |
$4,389,337
$538,663 |
$7,042,288 |
| 5 |
$12,568,665 |
$4,610,736
$565,590 |
$7,392,339 |
| 6 |
$13,197,270 |
$4,843,320
$593,877 |
$7,760,073 |
| 7 |
$13,856,790 |
$5,087,343
$623,556 |
$8,145,891 |
| 8 |
$14,549,973 |
$5,343,820
$654,749 |
$8,551,404 |
| 9 |
$15,277,506 |
$5,613,008
$687,488 |
$8,977,010 |
| 10 |
$16,041,450 |
$5,895,667
$721,865 |
$9,423,918 |
| 11 |
$16,843,179 |
$6,192,307
$757,943 |
$9,892,929 |
| 12 |
$17,685,441 |
$6,503,944
$795,845 |
$10,385,652 |
| 13 |
$18,569,610 |
$6,831,086
$835,632 |
$10,902,892 |
| 14 |
$19,498,434 |
$7,174,751
$877,430 |
$11,446,253 |
| 15 |
$20,473,287 |
$7,535,447
$921,298 |
$12,016,542 |
| 16 |
$21,496,917 |
$7,914,190
$967,361 |
$12,615,366 |
| 17 |
$22,571,385 |
$8,311,743
$1,015,712 |
$13,243,930 |
| 18 |
$23,700,126 |
$8,729,377
$1,066,506 |
$13,904,243 |
| 19 |
$24,885,201 |
$9,167,855
$1,119,834 |
$14,597,512 |
| 20 |
$26,129,358 |
$9,628,193
$1,175,821 |
$15,325,344 |
| 21 |
$27,436,032 |
$10,111,662
$1,234,621 |
$16,089,749 |
| 22 |
$28,807,971 |
$10,619,280
$1,296,359 |
$16,892,332 |
| 23 |
$30,247,923 |
$11,152,062
$1,361,157 |
$17,734,704 |
| 24 |
$31,760,697 |
$11,711,788
$1,429,231 |
$18,619,678 |
| 25 |
$33,348,354 |
$12,299,221
$1,500,676 |
$19,548,457 |
| 26 |
$35,016,390 |
$12,916,395
$1,575,738 |
$20,524,257 |
| 27 |
$36,766,866 |
$13,564,071
$1,654,509 |
$21,548,286 |
| 28 |
$38,605,278 |
$14,244,283
$1,737,238 |
$22,623,757 |
| 29 |
$40,535,748 |
$14,958,557
$1,824,109 |
$23,753,082 |
| 30 |
$42,562,398 |
$15,708,418
$1,915,308 |
$24,938,672 |
|
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