The jackpot for the Powerball draw on Sat Apr 25, 2026, is projected to be $118 Million, with an option for a cash payout of $53.9 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 25, 2026 |
|---|
| Draw Date | Sat Apr 25, 2026 | | Projected Jackpot | $118,000,000 | | Cash Value | $53,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $53,900,000 | | Federal Tax(24%) | $12,936,000 | | Additional Federal Tax | $6,967,330 | | State Tax(4.5%) | $2,425,500 | | Net Lumpsum Payment | $31,571,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,776,018 |
$617,457
$79,921 |
$1,078,640 |
| 2 |
$1,864,872 |
$650,333
$83,919 |
$1,130,620 |
| 3 |
$1,958,092 |
$684,824
$88,114 |
$1,185,154 |
| 4 |
$2,056,032 |
$721,062
$92,521 |
$1,242,449 |
| 5 |
$2,158,810 |
$759,090
$97,146 |
$1,302,574 |
| 6 |
$2,266,780 |
$799,039
$102,005 |
$1,365,736 |
| 7 |
$2,380,060 |
$840,953
$107,103 |
$1,432,004 |
| 8 |
$2,499,122 |
$885,006
$112,460 |
$1,501,656 |
| 9 |
$2,624,084 |
$931,241
$118,084 |
$1,574,759 |
| 10 |
$2,755,300 |
$979,791
$123,989 |
$1,651,520 |
| 11 |
$2,893,006 |
$1,030,743
$130,185 |
$1,732,078 |
| 12 |
$3,037,674 |
$1,084,270
$136,695 |
$1,816,709 |
| 13 |
$3,189,540 |
$1,140,460
$143,529 |
$1,905,551 |
| 14 |
$3,349,076 |
$1,199,489
$150,708 |
$1,998,879 |
| 15 |
$3,516,518 |
$1,261,442
$158,243 |
$2,096,833 |
| 16 |
$3,692,338 |
$1,326,495
$166,155 |
$2,199,688 |
| 17 |
$3,876,890 |
$1,394,780
$174,460 |
$2,307,650 |
| 18 |
$4,070,764 |
$1,466,513
$183,184 |
$2,421,067 |
| 19 |
$4,274,314 |
$1,541,827
$192,344 |
$2,540,143 |
| 20 |
$4,488,012 |
$1,620,895
$201,961 |
$2,665,156 |
| 21 |
$4,712,448 |
$1,703,936
$212,060 |
$2,796,452 |
| 22 |
$4,948,094 |
$1,791,125
$222,664 |
$2,934,305 |
| 23 |
$5,195,422 |
$1,882,637
$233,794 |
$3,078,991 |
| 24 |
$5,455,258 |
$1,978,776
$245,487 |
$3,230,995 |
| 25 |
$5,727,956 |
$2,079,674
$257,758 |
$3,390,524 |
| 26 |
$6,014,460 |
$2,185,681
$270,651 |
$3,558,128 |
| 27 |
$6,315,124 |
$2,296,926
$284,181 |
$3,734,017 |
| 28 |
$6,630,892 |
$2,413,760
$298,390 |
$3,918,742 |
| 29 |
$6,962,472 |
$2,536,445
$313,311 |
$4,112,716 |
| 30 |
$7,310,572 |
$2,665,242
$328,976 |
$4,316,354 |
|
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