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 Kansas residents, the state will deduct 5% from your lottery earnings.
| Kansas 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(5%) | $1,470,000 | | Net Lumpsum Payment | $17,091,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$48,916 |
$607,092 |
| 2 |
$1,027,260 |
$340,417
$51,363 |
$635,480 |
| 3 |
$1,078,610 |
$359,416
$53,931 |
$665,263 |
| 4 |
$1,132,560 |
$379,378
$56,628 |
$696,554 |
| 5 |
$1,189,175 |
$400,325
$59,459 |
$729,391 |
| 6 |
$1,248,650 |
$422,331
$62,433 |
$763,886 |
| 7 |
$1,311,050 |
$445,419
$65,553 |
$800,078 |
| 8 |
$1,376,635 |
$469,685
$68,832 |
$838,118 |
| 9 |
$1,445,470 |
$495,154
$72,274 |
$878,042 |
| 10 |
$1,517,750 |
$521,898
$75,888 |
$919,964 |
| 11 |
$1,593,605 |
$549,964
$79,680 |
$963,961 |
| 12 |
$1,673,295 |
$579,450
$83,665 |
$1,010,180 |
| 13 |
$1,756,950 |
$610,402
$87,848 |
$1,058,700 |
| 14 |
$1,844,830 |
$642,917
$92,242 |
$1,109,671 |
| 15 |
$1,937,065 |
$677,044
$96,853 |
$1,163,168 |
| 16 |
$2,033,915 |
$712,879
$101,696 |
$1,219,340 |
| 17 |
$2,135,575 |
$750,493
$106,779 |
$1,278,303 |
| 18 |
$2,242,370 |
$790,007
$112,119 |
$1,340,244 |
| 19 |
$2,354,495 |
$831,494
$117,725 |
$1,405,276 |
| 20 |
$2,472,210 |
$875,048
$123,611 |
$1,473,551 |
| 21 |
$2,595,840 |
$920,791
$129,792 |
$1,545,257 |
| 22 |
$2,725,645 |
$968,819
$136,282 |
$1,620,544 |
| 23 |
$2,861,885 |
$1,019,228
$143,094 |
$1,699,563 |
| 24 |
$3,005,015 |
$1,072,186
$150,251 |
$1,782,578 |
| 25 |
$3,155,230 |
$1,127,765
$157,762 |
$1,869,703 |
| 26 |
$3,313,050 |
$1,186,159
$165,653 |
$1,961,238 |
| 27 |
$3,478,670 |
$1,247,438
$173,934 |
$2,057,298 |
| 28 |
$3,652,610 |
$1,311,796
$182,631 |
$2,158,183 |
| 29 |
$3,835,260 |
$1,379,377
$191,763 |
$2,264,120 |
| 30 |
$4,027,010 |
$1,450,324
$201,351 |
$2,375,335 |
|
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