The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 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 Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(4.5%) | $5,175,000 | | Net Lumpsum Payment | $67,314,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$174,742 |
$2,311,317 |
| 2 |
$4,077,432 |
$1,468,980
$183,484 |
$2,424,968 |
| 3 |
$4,281,252 |
$1,544,394
$192,656 |
$2,544,202 |
| 4 |
$4,495,392 |
$1,623,625
$202,293 |
$2,669,474 |
| 5 |
$4,720,110 |
$1,706,771
$212,405 |
$2,800,934 |
| 6 |
$4,956,180 |
$1,794,117
$223,028 |
$2,939,035 |
| 7 |
$5,203,860 |
$1,885,759
$234,174 |
$3,083,927 |
| 8 |
$5,464,182 |
$1,982,078
$245,888 |
$3,236,216 |
| 9 |
$5,737,404 |
$2,083,170
$258,183 |
$3,396,051 |
| 10 |
$6,024,300 |
$2,189,321
$271,094 |
$3,563,885 |
| 11 |
$6,325,386 |
$2,300,723
$284,642 |
$3,740,021 |
| 12 |
$6,641,694 |
$2,417,757
$298,876 |
$3,925,061 |
| 13 |
$6,973,740 |
$2,540,614
$313,818 |
$4,119,308 |
| 14 |
$7,322,556 |
$2,669,676
$329,515 |
$4,323,365 |
| 15 |
$7,688,658 |
$2,805,134
$345,990 |
$4,537,534 |
| 16 |
$8,073,078 |
$2,947,369
$363,289 |
$4,762,420 |
| 17 |
$8,476,590 |
$3,096,669
$381,447 |
$4,998,474 |
| 18 |
$8,900,484 |
$3,253,509
$400,522 |
$5,246,453 |
| 19 |
$9,345,534 |
$3,418,178
$420,549 |
$5,506,807 |
| 20 |
$9,812,772 |
$3,591,056
$441,575 |
$5,780,141 |
| 21 |
$10,303,488 |
$3,772,621
$463,657 |
$6,067,210 |
| 22 |
$10,818,714 |
$3,963,255
$486,842 |
$6,368,617 |
| 23 |
$11,359,482 |
$4,163,339
$511,177 |
$6,684,966 |
| 24 |
$11,927,598 |
$4,373,542
$536,742 |
$7,017,314 |
| 25 |
$12,523,836 |
$4,594,150
$563,573 |
$7,366,113 |
| 26 |
$13,150,260 |
$4,825,927
$591,762 |
$7,732,571 |
| 27 |
$13,807,644 |
$5,069,159
$621,344 |
$8,117,141 |
| 28 |
$14,498,052 |
$5,324,610
$652,412 |
$8,521,030 |
| 29 |
$15,223,032 |
$5,592,852
$685,036 |
$8,945,144 |
| 30 |
$15,984,132 |
$5,874,459
$719,286 |
$9,390,387 |
|
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