The jackpot for the Powerball draw on Wed Nov 4, 2026, is projected to be $835 Million, with an option for a cash payout of $357.9 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 Wed Nov 4, 2026 |
|---|
| Draw Date | Wed Nov 4, 2026 | | Projected Jackpot | $835,000,000 | | Cash Value | $357,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $357,900,000 | | Federal Tax(24%) | $85,896,000 | | Additional Federal Tax | $46,487,330 | | State Tax(4.5%) | $16,105,500 | | Net Lumpsum Payment | $209,411,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,567,585 |
$4,610,337
$565,541 |
$7,391,707 |
| 2 |
$13,196,340 |
$4,842,976
$593,835 |
$7,759,529 |
| 3 |
$13,855,990 |
$5,087,047
$623,520 |
$8,145,423 |
| 4 |
$14,549,040 |
$5,343,475
$654,707 |
$8,550,858 |
| 5 |
$15,276,325 |
$5,612,571
$687,435 |
$8,976,319 |
| 6 |
$16,040,350 |
$5,895,260
$721,816 |
$9,423,274 |
| 7 |
$16,841,950 |
$6,191,852
$757,888 |
$9,892,210 |
| 8 |
$17,684,465 |
$6,503,582
$795,801 |
$10,385,082 |
| 9 |
$18,568,730 |
$6,830,760
$835,593 |
$10,902,377 |
| 10 |
$19,497,250 |
$7,174,313
$877,376 |
$11,445,561 |
| 11 |
$20,471,695 |
$7,534,858
$921,226 |
$12,015,611 |
| 12 |
$21,495,405 |
$7,913,630
$967,293 |
$12,614,482 |
| 13 |
$22,570,050 |
$8,311,249
$1,015,652 |
$13,243,149 |
| 14 |
$23,698,970 |
$8,728,949
$1,066,454 |
$13,903,567 |
| 15 |
$24,883,835 |
$9,167,349
$1,119,773 |
$14,596,713 |
| 16 |
$26,127,985 |
$9,627,685
$1,175,759 |
$15,324,541 |
| 17 |
$27,433,925 |
$10,110,883
$1,234,527 |
$16,088,515 |
| 18 |
$28,805,830 |
$10,618,487
$1,296,262 |
$16,891,081 |
| 19 |
$30,246,205 |
$11,151,426
$1,361,079 |
$17,733,700 |
| 20 |
$31,758,390 |
$11,710,935
$1,429,128 |
$18,618,327 |
| 21 |
$33,346,560 |
$12,298,558
$1,500,595 |
$19,547,407 |
| 22 |
$35,014,055 |
$12,915,531
$1,575,632 |
$20,522,892 |
| 23 |
$36,764,215 |
$13,563,090
$1,654,390 |
$21,546,735 |
| 24 |
$38,602,885 |
$14,243,398
$1,737,130 |
$22,622,357 |
| 25 |
$40,532,570 |
$14,957,381
$1,823,966 |
$23,751,223 |
| 26 |
$42,559,950 |
$15,707,512
$1,915,198 |
$24,937,240 |
| 27 |
$44,687,530 |
$16,494,716
$2,010,939 |
$26,181,875 |
| 28 |
$46,921,990 |
$17,321,467
$2,111,490 |
$27,489,033 |
| 29 |
$49,268,340 |
$18,189,616
$2,217,075 |
$28,861,649 |
| 30 |
$51,731,590 |
$19,101,019
$2,327,922 |
$30,302,649 |
|
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