The jackpot for the Powerball draw on Mon Feb 23, 2026, is projected to be $203 Million, with an option for a cash payout of $94.6 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 Mon Feb 23, 2026 |
|---|
| Draw Date | Mon Feb 23, 2026 | | Projected Jackpot | $203,000,000 | | Cash Value | $94,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,600,000 | | Federal Tax(24%) | $22,704,000 | | Additional Federal Tax | $12,258,330 | | State Tax(4.5%) | $4,257,000 | | Net Lumpsum Payment | $55,380,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,055,353 |
$1,090,811
$137,491 |
$1,827,051 |
| 2 |
$3,208,212 |
$1,147,369
$144,370 |
$1,916,473 |
| 3 |
$3,368,582 |
$1,206,706
$151,586 |
$2,010,290 |
| 4 |
$3,537,072 |
$1,269,047
$159,168 |
$2,108,857 |
| 5 |
$3,713,885 |
$1,334,468
$167,125 |
$2,212,292 |
| 6 |
$3,899,630 |
$1,403,193
$175,483 |
$2,320,954 |
| 7 |
$4,094,510 |
$1,475,299
$184,253 |
$2,434,958 |
| 8 |
$4,299,337 |
$1,551,085
$193,470 |
$2,554,782 |
| 9 |
$4,514,314 |
$1,630,627
$203,144 |
$2,680,543 |
| 10 |
$4,740,050 |
$1,714,149
$213,302 |
$2,812,599 |
| 11 |
$4,976,951 |
$1,801,802
$223,963 |
$2,951,186 |
| 12 |
$5,225,829 |
$1,893,887
$235,162 |
$3,096,780 |
| 13 |
$5,487,090 |
$1,990,554
$246,919 |
$3,249,617 |
| 14 |
$5,761,546 |
$2,092,102
$259,270 |
$3,410,174 |
| 15 |
$6,049,603 |
$2,198,683
$272,232 |
$3,578,688 |
| 16 |
$6,352,073 |
$2,310,597
$285,843 |
$3,755,633 |
| 17 |
$6,669,565 |
$2,428,069
$300,130 |
$3,941,366 |
| 18 |
$7,003,094 |
$2,551,475
$315,139 |
$4,136,480 |
| 19 |
$7,353,269 |
$2,681,040
$330,897 |
$4,341,332 |
| 20 |
$7,720,902 |
$2,817,064
$347,441 |
$4,556,397 |
| 21 |
$8,107,008 |
$2,959,923
$364,815 |
$4,782,270 |
| 22 |
$8,512,399 |
$3,109,918
$383,058 |
$5,019,423 |
| 23 |
$8,937,887 |
$3,267,349
$402,205 |
$5,268,333 |
| 24 |
$9,384,893 |
$3,432,741
$422,320 |
$5,529,832 |
| 25 |
$9,854,026 |
$3,606,320
$443,431 |
$5,804,275 |
| 26 |
$10,346,910 |
$3,788,687
$465,611 |
$6,092,612 |
| 27 |
$10,864,154 |
$3,980,067
$488,887 |
$6,395,200 |
| 28 |
$11,407,382 |
$4,181,062
$513,332 |
$6,712,988 |
| 29 |
$11,977,812 |
$4,392,121
$539,002 |
$7,046,689 |
| 30 |
$12,576,662 |
$4,613,695
$565,950 |
$7,397,017 |
|
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