The jackpot for the Powerball draw on Wed Oct 28, 2026, is projected to be $716 Million, with an option for a cash payout of $307.2 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 Wed Oct 28, 2026 |
|---|
| Draw Date | Wed Oct 28, 2026 | | Projected Jackpot | $716,000,000 | | Cash Value | $307,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $307,200,000 | | Federal Tax(24%) | $73,728,000 | | Additional Federal Tax | $39,896,330 | | State Tax(5%) | $15,360,000 | | Net Lumpsum Payment | $178,215,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,776,516 |
$3,947,641
$538,826 |
$6,290,049 |
| 2 |
$11,315,664 |
$4,147,126
$565,783 |
$6,602,755 |
| 3 |
$11,881,304 |
$4,356,413
$594,065 |
$6,930,826 |
| 4 |
$12,475,584 |
$4,576,296
$623,779 |
$7,275,509 |
| 5 |
$13,099,220 |
$4,807,042
$654,961 |
$7,637,217 |
| 6 |
$13,754,360 |
$5,049,444
$687,718 |
$8,017,198 |
| 7 |
$14,441,720 |
$5,303,767
$722,086 |
$8,415,867 |
| 8 |
$15,164,164 |
$5,571,071
$758,208 |
$8,834,885 |
| 9 |
$15,922,408 |
$5,851,621
$796,120 |
$9,274,667 |
| 10 |
$16,718,600 |
$6,146,212
$835,930 |
$9,736,458 |
| 11 |
$17,554,172 |
$6,455,374
$877,709 |
$10,221,089 |
| 12 |
$18,431,988 |
$6,780,166
$921,599 |
$10,730,223 |
| 13 |
$19,353,480 |
$7,121,118
$967,674 |
$11,264,688 |
| 14 |
$20,321,512 |
$7,479,290
$1,016,076 |
$11,826,146 |
| 15 |
$21,337,516 |
$7,855,211
$1,066,876 |
$12,415,429 |
| 16 |
$22,404,356 |
$8,249,942
$1,120,218 |
$13,034,196 |
| 17 |
$23,524,180 |
$8,664,277
$1,176,209 |
$13,683,694 |
| 18 |
$24,700,568 |
$9,099,541
$1,235,028 |
$14,365,999 |
| 19 |
$25,935,668 |
$9,556,528
$1,296,783 |
$15,082,357 |
| 20 |
$27,232,344 |
$10,036,298
$1,361,617 |
$15,834,429 |
| 21 |
$28,594,176 |
$10,540,176
$1,429,709 |
$16,624,291 |
| 22 |
$30,024,028 |
$11,069,221
$1,501,201 |
$17,453,606 |
| 23 |
$31,524,764 |
$11,624,493
$1,576,238 |
$18,324,033 |
| 24 |
$33,101,396 |
$12,207,847
$1,655,070 |
$19,238,479 |
| 25 |
$34,756,072 |
$12,820,077
$1,737,804 |
$20,198,191 |
| 26 |
$36,494,520 |
$13,463,303
$1,824,726 |
$21,206,491 |
| 27 |
$38,318,888 |
$14,138,319
$1,915,944 |
$22,264,625 |
| 28 |
$40,234,904 |
$14,847,245
$2,011,745 |
$23,375,914 |
| 29 |
$42,246,864 |
$15,591,670
$2,112,343 |
$24,542,851 |
| 30 |
$44,359,064 |
$16,373,184
$2,217,953 |
$25,767,927 |
|
|
