The jackpot for the Powerball draw on Sat Feb 28, 2026, is projected to be $238 Million, with an option for a cash payout of $110.9 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 Sat Feb 28, 2026 |
|---|
| Draw Date | Sat Feb 28, 2026 | | Projected Jackpot | $238,000,000 | | Cash Value | $110,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,900,000 | | Federal Tax(24%) | $26,616,000 | | Additional Federal Tax | $14,377,330 | | State Tax(4.5%) | $4,990,500 | | Net Lumpsum Payment | $64,916,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,582,138 |
$1,285,721
$161,196 |
$2,135,221 |
| 2 |
$3,761,352 |
$1,352,031
$169,261 |
$2,240,060 |
| 3 |
$3,949,372 |
$1,421,598
$177,722 |
$2,350,052 |
| 4 |
$4,146,912 |
$1,494,688
$186,611 |
$2,465,613 |
| 5 |
$4,354,210 |
$1,571,388
$195,939 |
$2,586,883 |
| 6 |
$4,571,980 |
$1,651,963
$205,739 |
$2,714,278 |
| 7 |
$4,800,460 |
$1,736,501
$216,021 |
$2,847,938 |
| 8 |
$5,040,602 |
$1,825,353
$226,827 |
$2,988,422 |
| 9 |
$5,292,644 |
$1,918,609
$238,169 |
$3,135,866 |
| 10 |
$5,557,300 |
$2,016,531
$250,079 |
$3,290,690 |
| 11 |
$5,835,046 |
$2,119,297
$262,577 |
$3,453,172 |
| 12 |
$6,126,834 |
$2,227,259
$275,708 |
$3,623,867 |
| 13 |
$6,433,140 |
$2,340,592
$289,491 |
$3,803,057 |
| 14 |
$6,754,916 |
$2,459,649
$303,971 |
$3,991,296 |
| 15 |
$7,092,638 |
$2,584,606
$319,169 |
$4,188,863 |
| 16 |
$7,447,258 |
$2,715,816
$335,127 |
$4,396,315 |
| 17 |
$7,819,490 |
$2,853,542
$351,877 |
$4,614,071 |
| 18 |
$8,210,524 |
$2,998,224
$369,474 |
$4,842,826 |
| 19 |
$8,621,074 |
$3,150,128
$387,948 |
$5,082,998 |
| 20 |
$9,052,092 |
$3,309,604
$407,344 |
$5,335,144 |
| 21 |
$9,504,768 |
$3,477,095
$427,715 |
$5,599,958 |
| 22 |
$9,980,054 |
$3,652,950
$449,102 |
$5,878,002 |
| 23 |
$10,478,902 |
$3,837,524
$471,551 |
$6,169,827 |
| 24 |
$11,002,978 |
$4,031,432
$495,134 |
$6,476,412 |
| 25 |
$11,552,996 |
$4,234,939
$519,885 |
$6,798,172 |
| 26 |
$12,130,860 |
$4,448,749
$545,889 |
$7,136,222 |
| 27 |
$12,737,284 |
$4,673,125
$573,178 |
$7,490,981 |
| 28 |
$13,374,172 |
$4,908,774
$601,838 |
$7,863,560 |
| 29 |
$14,042,952 |
$5,156,223
$631,933 |
$8,254,796 |
| 30 |
$14,745,052 |
$5,416,000
$663,527 |
$8,665,525 |
|
|
