The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(4.5%) | $2,070,000 | | Net Lumpsum Payment | $26,949,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$68,407 |
$928,958 |
| 2 |
$1,596,204 |
$550,926
$71,829 |
$973,449 |
| 3 |
$1,675,994 |
$580,448
$75,420 |
$1,020,126 |
| 4 |
$1,759,824 |
$611,465
$79,192 |
$1,069,167 |
| 5 |
$1,847,795 |
$644,015
$83,151 |
$1,120,629 |
| 6 |
$1,940,210 |
$678,208
$87,309 |
$1,174,693 |
| 7 |
$2,037,170 |
$714,083
$91,673 |
$1,231,414 |
| 8 |
$2,139,079 |
$751,790
$96,259 |
$1,291,030 |
| 9 |
$2,246,038 |
$791,364
$101,072 |
$1,353,602 |
| 10 |
$2,358,350 |
$832,920
$106,126 |
$1,419,304 |
| 11 |
$2,476,217 |
$876,531
$111,430 |
$1,488,256 |
| 12 |
$2,600,043 |
$922,346
$117,002 |
$1,560,695 |
| 13 |
$2,730,030 |
$970,441
$122,851 |
$1,636,738 |
| 14 |
$2,866,582 |
$1,020,966
$128,996 |
$1,716,620 |
| 15 |
$3,009,901 |
$1,073,994
$135,446 |
$1,800,461 |
| 16 |
$3,160,391 |
$1,129,675
$142,218 |
$1,888,498 |
| 17 |
$3,318,355 |
$1,188,122
$149,326 |
$1,980,907 |
| 18 |
$3,484,298 |
$1,249,521
$156,793 |
$2,077,984 |
| 19 |
$3,658,523 |
$1,313,984
$164,634 |
$2,179,905 |
| 20 |
$3,841,434 |
$1,381,661
$172,865 |
$2,286,908 |
| 21 |
$4,033,536 |
$1,452,739
$181,509 |
$2,399,288 |
| 22 |
$4,235,233 |
$1,527,367
$190,585 |
$2,517,281 |
| 23 |
$4,446,929 |
$1,605,694
$200,112 |
$2,641,123 |
| 24 |
$4,669,331 |
$1,687,983
$210,120 |
$2,771,228 |
| 25 |
$4,902,742 |
$1,774,345
$220,623 |
$2,907,774 |
| 26 |
$5,147,970 |
$1,865,079
$231,659 |
$3,051,232 |
| 27 |
$5,405,318 |
$1,960,298
$243,239 |
$3,201,781 |
| 28 |
$5,675,594 |
$2,060,300
$255,402 |
$3,359,892 |
| 29 |
$5,959,404 |
$2,165,310
$268,173 |
$3,525,921 |
| 30 |
$6,257,354 |
$2,275,551
$281,581 |
$3,700,222 |
|
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