The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Mon Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(4.5%) | $6,012,000 | | Net Lumpsum Payment | $78,195,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$211,993 |
$2,795,583 |
| 2 |
$4,946,652 |
$1,790,592
$222,599 |
$2,933,461 |
| 3 |
$5,193,922 |
$1,882,082
$233,726 |
$3,078,114 |
| 4 |
$5,453,712 |
$1,978,204
$245,417 |
$3,230,091 |
| 5 |
$5,726,335 |
$2,079,074
$257,685 |
$3,389,576 |
| 6 |
$6,012,730 |
$2,185,040
$270,573 |
$3,557,117 |
| 7 |
$6,313,210 |
$2,296,218
$284,094 |
$3,732,898 |
| 8 |
$6,629,027 |
$2,413,070
$298,306 |
$3,917,651 |
| 9 |
$6,960,494 |
$2,535,713
$313,222 |
$4,111,559 |
| 10 |
$7,308,550 |
$2,664,494
$328,885 |
$4,315,171 |
| 11 |
$7,673,821 |
$2,799,644
$345,322 |
$4,528,855 |
| 12 |
$8,057,559 |
$2,941,627
$362,590 |
$4,753,342 |
| 13 |
$8,460,390 |
$3,090,675
$380,718 |
$4,988,997 |
| 14 |
$8,883,566 |
$3,247,250
$399,760 |
$5,236,556 |
| 15 |
$9,327,713 |
$3,411,584
$419,747 |
$5,496,382 |
| 16 |
$9,794,083 |
$3,584,141
$440,734 |
$5,769,208 |
| 17 |
$10,283,615 |
$3,765,268
$462,763 |
$6,055,584 |
| 18 |
$10,797,874 |
$3,955,544
$485,904 |
$6,356,426 |
| 19 |
$11,337,799 |
$4,155,316
$510,201 |
$6,672,282 |
| 20 |
$11,904,642 |
$4,365,048
$535,709 |
$7,003,885 |
| 21 |
$12,499,968 |
$4,585,319
$562,499 |
$7,352,150 |
| 22 |
$13,125,029 |
$4,816,591
$590,626 |
$7,717,812 |
| 23 |
$13,781,077 |
$5,059,329
$620,148 |
$8,101,600 |
| 24 |
$14,470,303 |
$5,314,342
$651,164 |
$8,504,797 |
| 25 |
$15,193,646 |
$5,581,979
$683,714 |
$8,927,953 |
| 26 |
$15,953,610 |
$5,863,166
$717,912 |
$9,372,532 |
| 27 |
$16,751,134 |
$6,158,250
$753,801 |
$9,839,083 |
| 28 |
$17,588,722 |
$6,468,158
$791,492 |
$10,329,072 |
| 29 |
$18,468,252 |
$6,793,584
$831,071 |
$10,843,597 |
| 30 |
$19,391,602 |
$7,135,223
$872,622 |
$11,383,757 |
|
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