The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 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 Wed Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(4.5%) | $2,848,500 | | Net Lumpsum Payment | $37,070,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$98,885 |
$1,325,176 |
| 2 |
$2,307,384 |
$814,062
$103,832 |
$1,389,490 |
| 3 |
$2,422,724 |
$856,738
$109,023 |
$1,456,963 |
| 4 |
$2,543,904 |
$901,575
$114,476 |
$1,527,853 |
| 5 |
$2,671,070 |
$948,626
$120,198 |
$1,602,246 |
| 6 |
$2,804,660 |
$998,055
$126,210 |
$1,680,395 |
| 7 |
$2,944,820 |
$1,049,914
$132,517 |
$1,762,389 |
| 8 |
$3,092,134 |
$1,104,420
$139,146 |
$1,848,568 |
| 9 |
$3,246,748 |
$1,161,627
$146,104 |
$1,939,017 |
| 10 |
$3,409,100 |
$1,221,697
$153,410 |
$2,033,993 |
| 11 |
$3,579,482 |
$1,284,739
$161,077 |
$2,133,666 |
| 12 |
$3,758,478 |
$1,350,967
$169,132 |
$2,238,379 |
| 13 |
$3,946,380 |
$1,420,491
$177,587 |
$2,348,302 |
| 14 |
$4,143,772 |
$1,493,526
$186,470 |
$2,463,776 |
| 15 |
$4,350,946 |
$1,570,180
$195,793 |
$2,584,973 |
| 16 |
$4,568,486 |
$1,650,670
$205,582 |
$2,712,234 |
| 17 |
$4,796,830 |
$1,735,157
$215,857 |
$2,845,816 |
| 18 |
$5,036,708 |
$1,823,912
$226,652 |
$2,986,144 |
| 19 |
$5,288,558 |
$1,917,097
$237,985 |
$3,133,476 |
| 20 |
$5,552,964 |
$2,014,927
$249,883 |
$3,288,154 |
| 21 |
$5,830,656 |
$2,117,673
$262,380 |
$3,450,603 |
| 22 |
$6,122,218 |
$2,225,551
$275,500 |
$3,621,167 |
| 23 |
$6,428,234 |
$2,338,777
$289,271 |
$3,800,186 |
| 24 |
$6,749,726 |
$2,457,729
$303,738 |
$3,988,259 |
| 25 |
$7,087,132 |
$2,582,569
$318,921 |
$4,185,642 |
| 26 |
$7,441,620 |
$2,713,730
$334,873 |
$4,393,017 |
| 27 |
$7,813,628 |
$2,851,373
$351,613 |
$4,610,642 |
| 28 |
$8,204,324 |
$2,995,930
$369,195 |
$4,839,199 |
| 29 |
$8,614,584 |
$3,147,726
$387,656 |
$5,079,202 |
| 30 |
$9,045,284 |
$3,307,085
$407,038 |
$5,331,161 |
|
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