The jackpot for the Powerball draw on Sat Apr 11, 2026, is projected to be $35 Million, with an option for a cash payout of $15.9 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 Apr 11, 2026 |
|---|
| Draw Date | Sat Apr 11, 2026 | | Projected Jackpot | $35,000,000 | | Cash Value | $15,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,900,000 | | Federal Tax(24%) | $3,816,000 | | Additional Federal Tax | $2,027,330 | | State Tax(4.5%) | $715,500 | | Net Lumpsum Payment | $9,341,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$526,785 |
$155,241
$23,705 |
$347,839 |
| 2 |
$553,140 |
$164,992
$24,891 |
$363,257 |
| 3 |
$580,790 |
$175,223
$26,136 |
$379,431 |
| 4 |
$609,840 |
$185,971
$27,443 |
$396,426 |
| 5 |
$640,325 |
$197,251
$28,815 |
$414,259 |
| 6 |
$672,350 |
$209,100
$30,256 |
$432,994 |
| 7 |
$705,950 |
$221,532
$31,768 |
$452,650 |
| 8 |
$741,265 |
$234,598
$33,357 |
$473,310 |
| 9 |
$778,330 |
$248,312
$35,025 |
$494,993 |
| 10 |
$817,250 |
$262,713
$36,776 |
$517,761 |
| 11 |
$858,095 |
$277,826
$38,614 |
$541,655 |
| 12 |
$901,005 |
$293,702
$40,545 |
$566,758 |
| 13 |
$946,050 |
$310,369
$42,572 |
$593,109 |
| 14 |
$993,370 |
$327,877
$44,702 |
$620,791 |
| 15 |
$1,043,035 |
$346,253
$46,937 |
$649,845 |
| 16 |
$1,095,185 |
$365,549
$49,283 |
$680,353 |
| 17 |
$1,149,925 |
$385,803
$51,747 |
$712,375 |
| 18 |
$1,207,430 |
$407,079
$54,334 |
$746,017 |
| 19 |
$1,267,805 |
$429,418
$57,051 |
$781,336 |
| 20 |
$1,331,190 |
$452,871
$59,904 |
$818,415 |
| 21 |
$1,397,760 |
$477,502
$62,899 |
$857,359 |
| 22 |
$1,467,655 |
$503,363
$66,044 |
$898,248 |
| 23 |
$1,541,015 |
$530,506
$69,346 |
$941,163 |
| 24 |
$1,618,085 |
$559,022
$72,814 |
$986,249 |
| 25 |
$1,698,970 |
$588,949
$76,454 |
$1,033,567 |
| 26 |
$1,783,950 |
$620,392
$80,278 |
$1,083,280 |
| 27 |
$1,873,130 |
$653,388
$84,291 |
$1,135,451 |
| 28 |
$1,966,790 |
$688,043
$88,506 |
$1,190,241 |
| 29 |
$2,065,140 |
$724,432
$92,931 |
$1,247,777 |
| 30 |
$2,168,390 |
$762,635
$97,578 |
$1,308,177 |
|
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