The jackpot for the Powerball draw on Sat Sep 12, 2026, is projected to be $232 Million, with an option for a cash payout of $100 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 Sep 12, 2026 |
|---|
| Draw Date | Sat Sep 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $100,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,000,000 | | Federal Tax(24%) | $24,000,000 | | Additional Federal Tax | $12,960,330 | | State Tax(4.5%) | $4,500,000 | | Net Lumpsum Payment | $58,539,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308 $157,132 |
$2,082,392 |
| 2 |
$3,666,528 |
$1,316,946 $164,994 |
$2,184,588 |
| 3 |
$3,849,808 |
$1,384,759 $173,241 |
$2,291,808 |
| 4 |
$4,042,368 |
$1,456,007 $181,907 |
$2,404,454 |
| 5 |
$4,244,440 |
$1,530,773 $191,000 |
$2,522,667 |
| 6 |
$4,456,720 |
$1,609,317 $200,552 |
$2,646,851 |
| 7 |
$4,679,440 |
$1,691,723 $210,575 |
$2,777,142 |
| 8 |
$4,913,528 |
$1,778,336 $221,109 |
$2,914,083 |
| 9 |
$5,159,216 |
$1,869,240 $232,165 |
$3,057,811 |
| 10 |
$5,417,200 |
$1,964,694 $243,774 |
$3,208,732 |
| 11 |
$5,687,944 |
$2,064,870 $255,957 |
$3,367,117 |
| 12 |
$5,972,376 |
$2,170,110 $268,757 |
$3,533,509 |
| 13 |
$6,270,960 |
$2,280,586 $282,193 |
$3,708,181 |
| 14 |
$6,584,624 |
$2,396,641 $296,308 |
$3,891,675 |
| 15 |
$6,913,832 |
$2,518,448 $311,122 |
$4,084,262 |
| 16 |
$7,259,512 |
$2,646,350 $326,678 |
$4,286,484 |
| 17 |
$7,622,360 |
$2,780,604 $343,006 |
$4,498,750 |
| 18 |
$8,003,536 |
$2,921,639 $360,159 |
$4,721,738 |
| 19 |
$8,403,736 |
$3,069,713 $378,168 |
$4,955,855 |
| 20 |
$8,823,888 |
$3,225,169 $397,075 |
$5,201,644 |
| 21 |
$9,265,152 |
$3,388,437 $416,932 |
$5,459,783 |
| 22 |
$9,728,456 |
$3,559,859 $437,781 |
$5,730,816 |
| 23 |
$10,214,728 |
$3,739,780 $459,663 |
$6,015,285 |
| 24 |
$10,725,592 |
$3,928,799 $482,652 |
$6,314,141 |
| 25 |
$11,261,744 |
$4,127,176 $506,778 |
$6,627,790 |
| 26 |
$11,825,040 |
$4,335,595 $532,127 |
$6,957,318 |
| 27 |
$12,416,176 |
$4,554,316 $558,728 |
$7,303,132 |
| 28 |
$13,037,008 |
$4,784,023 $586,665 |
$7,666,320 |
| 29 |
$13,688,928 |
$5,025,234 $616,002 |
$8,047,692 |
| 30 |
$14,373,328 |
$5,278,462 $646,800 |
$8,448,066 |
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