The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Wed Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(4.5%) | $3,919,500 | | Net Lumpsum Payment | $50,993,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$131,395 |
$1,747,808 |
| 2 |
$3,065,976 |
$1,094,742
$137,969 |
$1,833,265 |
| 3 |
$3,219,236 |
$1,151,448
$144,866 |
$1,922,922 |
| 4 |
$3,380,256 |
$1,211,025
$152,112 |
$2,017,119 |
| 5 |
$3,549,230 |
$1,273,545
$159,715 |
$2,115,970 |
| 6 |
$3,726,740 |
$1,339,224
$167,703 |
$2,219,813 |
| 7 |
$3,912,980 |
$1,408,133
$176,084 |
$2,328,763 |
| 8 |
$4,108,726 |
$1,480,559
$184,893 |
$2,443,274 |
| 9 |
$4,314,172 |
$1,556,574
$194,138 |
$2,563,460 |
| 10 |
$4,529,900 |
$1,636,393
$203,846 |
$2,689,661 |
| 11 |
$4,756,298 |
$1,720,161
$214,033 |
$2,822,104 |
| 12 |
$4,994,142 |
$1,808,163
$224,736 |
$2,961,243 |
| 13 |
$5,243,820 |
$1,900,544
$235,972 |
$3,107,304 |
| 14 |
$5,506,108 |
$1,997,590
$247,775 |
$3,260,743 |
| 15 |
$5,781,394 |
$2,099,446
$260,163 |
$3,421,785 |
| 16 |
$6,070,454 |
$2,206,398
$273,170 |
$3,590,886 |
| 17 |
$6,373,870 |
$2,318,662
$286,824 |
$3,768,384 |
| 18 |
$6,692,612 |
$2,436,597
$301,168 |
$3,954,847 |
| 19 |
$7,027,262 |
$2,560,417
$316,227 |
$4,150,618 |
| 20 |
$7,378,596 |
$2,690,411
$332,037 |
$4,356,148 |
| 21 |
$7,747,584 |
$2,826,936
$348,641 |
$4,572,007 |
| 22 |
$8,135,002 |
$2,970,281
$366,075 |
$4,798,646 |
| 23 |
$8,541,626 |
$3,120,732
$384,373 |
$5,036,521 |
| 24 |
$8,968,814 |
$3,278,792
$403,597 |
$5,286,425 |
| 25 |
$9,417,148 |
$3,444,675
$423,772 |
$5,548,701 |
| 26 |
$9,888,180 |
$3,618,957
$444,968 |
$5,824,255 |
| 27 |
$10,382,492 |
$3,801,852
$467,212 |
$6,113,428 |
| 28 |
$10,901,636 |
$3,993,936
$490,574 |
$6,417,126 |
| 29 |
$11,446,776 |
$4,195,638
$515,105 |
$6,736,033 |
| 30 |
$12,019,076 |
$4,407,389
$540,858 |
$7,070,829 |
|
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