The jackpot for the Powerball draw on Sat Feb 7, 2026, is projected to be $102 Million, with an option for a cash payout of $46.1 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 7, 2026 |
|---|
| Draw Date | Sat Feb 7, 2026 | | Projected Jackpot | $102,000,000 | | Cash Value | $46,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,100,000 | | Federal Tax(24%) | $11,064,000 | | Additional Federal Tax | $5,953,330 | | State Tax(4.5%) | $2,074,500 | | Net Lumpsum Payment | $27,008,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,535,202 |
$528,355
$69,084 |
$937,763 |
| 2 |
$1,612,008 |
$556,773
$72,540 |
$982,695 |
| 3 |
$1,692,588 |
$586,588
$76,166 |
$1,029,834 |
| 4 |
$1,777,248 |
$617,912
$79,976 |
$1,079,360 |
| 5 |
$1,866,090 |
$650,784
$83,974 |
$1,131,332 |
| 6 |
$1,959,420 |
$685,316
$88,174 |
$1,185,930 |
| 7 |
$2,057,340 |
$721,546
$92,580 |
$1,243,214 |
| 8 |
$2,160,258 |
$759,626
$97,212 |
$1,303,420 |
| 9 |
$2,268,276 |
$799,593
$102,072 |
$1,366,611 |
| 10 |
$2,381,700 |
$841,559
$107,177 |
$1,432,964 |
| 11 |
$2,500,734 |
$885,602
$112,533 |
$1,502,599 |
| 12 |
$2,625,786 |
$931,871
$118,160 |
$1,575,755 |
| 13 |
$2,757,060 |
$980,443
$124,068 |
$1,652,549 |
| 14 |
$2,894,964 |
$1,031,467
$130,273 |
$1,733,224 |
| 15 |
$3,039,702 |
$1,085,020
$136,787 |
$1,817,895 |
| 16 |
$3,191,682 |
$1,141,253
$143,626 |
$1,906,803 |
| 17 |
$3,351,210 |
$1,200,278
$150,804 |
$2,000,128 |
| 18 |
$3,518,796 |
$1,262,285
$158,346 |
$2,098,165 |
| 19 |
$3,694,746 |
$1,327,386
$166,264 |
$2,201,096 |
| 20 |
$3,879,468 |
$1,395,734
$174,576 |
$2,309,158 |
| 21 |
$4,073,472 |
$1,467,515
$183,306 |
$2,422,651 |
| 22 |
$4,277,166 |
$1,542,882
$192,472 |
$2,541,812 |
| 23 |
$4,490,958 |
$1,621,985
$202,093 |
$2,666,880 |
| 24 |
$4,715,562 |
$1,705,088
$212,200 |
$2,798,274 |
| 25 |
$4,951,284 |
$1,792,305
$222,808 |
$2,936,171 |
| 26 |
$5,198,940 |
$1,883,938
$233,952 |
$3,081,050 |
| 27 |
$5,458,836 |
$1,980,100
$245,648 |
$3,233,088 |
| 28 |
$5,731,788 |
$2,081,092
$257,930 |
$3,392,766 |
| 29 |
$6,018,408 |
$2,187,141
$270,828 |
$3,560,439 |
| 30 |
$6,319,308 |
$2,298,474
$284,369 |
$3,736,465 |
|
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