The jackpot for the Powerball draw on Mon Feb 2, 2026, is projected to be $65 Million, with an option for a cash payout of $29.4 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 Mon Feb 2, 2026 |
|---|
| Draw Date | Mon Feb 2, 2026 | | Projected Jackpot | $65,000,000 | | Cash Value | $29,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,400,000 | | Federal Tax(24%) | $7,056,000 | | Additional Federal Tax | $3,782,330 | | State Tax(4.5%) | $1,323,000 | | Net Lumpsum Payment | $17,238,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$44,024 |
$611,984 |
| 2 |
$1,027,260 |
$340,417
$46,227 |
$640,616 |
| 3 |
$1,078,610 |
$359,416
$48,537 |
$670,657 |
| 4 |
$1,132,560 |
$379,378
$50,965 |
$702,217 |
| 5 |
$1,189,175 |
$400,325
$53,513 |
$735,337 |
| 6 |
$1,248,650 |
$422,331
$56,189 |
$770,130 |
| 7 |
$1,311,050 |
$445,419
$58,997 |
$806,634 |
| 8 |
$1,376,635 |
$469,685
$61,949 |
$845,001 |
| 9 |
$1,445,470 |
$495,154
$65,046 |
$885,270 |
| 10 |
$1,517,750 |
$521,898
$68,299 |
$927,553 |
| 11 |
$1,593,605 |
$549,964
$71,712 |
$971,929 |
| 12 |
$1,673,295 |
$579,450
$75,298 |
$1,018,547 |
| 13 |
$1,756,950 |
$610,402
$79,063 |
$1,067,485 |
| 14 |
$1,844,830 |
$642,917
$83,017 |
$1,118,896 |
| 15 |
$1,937,065 |
$677,044
$87,168 |
$1,172,853 |
| 16 |
$2,033,915 |
$712,879
$91,526 |
$1,229,510 |
| 17 |
$2,135,575 |
$750,493
$96,101 |
$1,288,981 |
| 18 |
$2,242,370 |
$790,007
$100,907 |
$1,351,456 |
| 19 |
$2,354,495 |
$831,494
$105,952 |
$1,417,049 |
| 20 |
$2,472,210 |
$875,048
$111,249 |
$1,485,913 |
| 21 |
$2,595,840 |
$920,791
$116,813 |
$1,558,236 |
| 22 |
$2,725,645 |
$968,819
$122,654 |
$1,634,172 |
| 23 |
$2,861,885 |
$1,019,228
$128,785 |
$1,713,872 |
| 24 |
$3,005,015 |
$1,072,186
$135,226 |
$1,797,603 |
| 25 |
$3,155,230 |
$1,127,765
$141,985 |
$1,885,480 |
| 26 |
$3,313,050 |
$1,186,159
$149,087 |
$1,977,804 |
| 27 |
$3,478,670 |
$1,247,438
$156,540 |
$2,074,692 |
| 28 |
$3,652,610 |
$1,311,796
$164,367 |
$2,176,447 |
| 29 |
$3,835,260 |
$1,379,377
$172,587 |
$2,283,296 |
| 30 |
$4,027,010 |
$1,450,324
$181,215 |
$2,395,471 |
|
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