The jackpot for the Powerball draw on Mon Jun 15, 2026, is projected to be $269 Million, with an option for a cash payout of $120.5 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 Jun 15, 2026 |
|---|
| Draw Date | Mon Jun 15, 2026 | | Projected Jackpot | $269,000,000 | | Cash Value | $120,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,500,000 | | Federal Tax(24%) | $28,920,000 | | Additional Federal Tax | $15,625,330 | | State Tax(5%) | $6,025,000 | | Net Lumpsum Payment | $69,929,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,048,719 |
$1,458,356
$202,436 |
$2,387,927 |
| 2 |
$4,251,276 |
$1,533,303
$212,564 |
$2,505,409 |
| 3 |
$4,463,786 |
$1,611,931
$223,189 |
$2,628,666 |
| 4 |
$4,687,056 |
$1,694,541
$234,353 |
$2,758,162 |
| 5 |
$4,921,355 |
$1,781,232
$246,068 |
$2,894,055 |
| 6 |
$5,167,490 |
$1,872,302
$258,375 |
$3,036,813 |
| 7 |
$5,425,730 |
$1,967,850
$271,287 |
$3,186,593 |
| 8 |
$5,697,151 |
$2,068,276
$284,858 |
$3,344,017 |
| 9 |
$5,982,022 |
$2,173,679
$299,101 |
$3,509,242 |
| 10 |
$6,281,150 |
$2,284,356
$314,058 |
$3,682,736 |
| 11 |
$6,595,073 |
$2,400,507
$329,754 |
$3,864,812 |
| 12 |
$6,924,867 |
$2,522,531
$346,243 |
$4,056,093 |
| 13 |
$7,271,070 |
$2,650,626
$363,554 |
$4,256,890 |
| 14 |
$7,634,758 |
$2,785,191
$381,738 |
$4,467,829 |
| 15 |
$8,016,469 |
$2,926,424
$400,823 |
$4,689,222 |
| 16 |
$8,417,279 |
$3,074,724
$420,864 |
$4,921,691 |
| 17 |
$8,837,995 |
$3,230,389
$441,900 |
$5,165,706 |
| 18 |
$9,279,962 |
$3,393,916
$463,998 |
$5,422,048 |
| 19 |
$9,743,987 |
$3,565,606
$487,199 |
$5,691,182 |
| 20 |
$10,231,146 |
$3,745,854
$511,557 |
$5,973,735 |
| 21 |
$10,742,784 |
$3,935,160
$537,139 |
$6,270,485 |
| 22 |
$11,279,977 |
$4,133,922
$563,999 |
$6,582,056 |
| 23 |
$11,843,801 |
$4,342,537
$592,190 |
$6,909,074 |
| 24 |
$12,436,139 |
$4,561,702
$621,807 |
$7,252,630 |
| 25 |
$13,057,798 |
$4,791,716
$652,890 |
$7,613,192 |
| 26 |
$13,710,930 |
$5,033,374
$685,547 |
$7,992,009 |
| 27 |
$14,396,342 |
$5,286,977
$719,817 |
$8,389,548 |
| 28 |
$15,116,186 |
$5,553,319
$755,809 |
$8,807,058 |
| 29 |
$15,872,076 |
$5,832,999
$793,604 |
$9,245,473 |
| 30 |
$16,665,626 |
$6,126,612
$833,281 |
$9,705,733 |
|
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