Kansas Lottery

KSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Apr 30, 2025 is estimated to be $30 Million, with a cash option of 13.9 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Kansas, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Kansas Powerball Jackpot/Cash Option for Wed Apr 30, 2025

Draw Date	Jackpot	Cash Option
Wed Apr 30, 2025	$30,000,000	$13,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,900,000
Federal Tax(24%)	$3,336,000
Additional Federal Tax	$1,767,330
State Tax(5%)	$695,000
Net Lumpsum Payment	$8,101,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$451,530	-$127,396 -$22,577	$301,557
2	$474,120	-$135,755 -$23,706	$314,659
3	$497,820	-$144,524 -$24,891	$328,405
4	$522,720	-$153,737 -$26,136	$342,847
5	$548,850	-$163,405 -$27,443	$358,002
6	$576,300	-$173,561 -$28,815	$373,924
7	$605,100	-$184,217 -$30,255	$390,628
8	$635,370	-$195,417 -$31,769	$408,184
9	$667,140	-$207,172 -$33,357	$426,611
10	$700,500	-$219,515 -$35,025	$445,960
11	$735,510	-$232,469 -$36,776	$466,265
12	$772,290	-$246,078 -$38,615	$487,597
13	$810,900	-$260,363 -$40,545	$509,992
14	$851,460	-$275,371 -$42,573	$533,516
15	$894,030	-$291,121 -$44,702	$558,207
16	$938,730	-$307,660 -$46,937	$584,133
17	$985,650	-$325,021 -$49,283	$611,346
18	$1,034,940	-$343,258 -$51,747	$639,935
19	$1,086,690	-$362,406 -$54,335	$669,949
20	$1,141,020	-$382,508 -$57,051	$701,461
21	$1,198,080	-$403,620 -$59,904	$734,556
22	$1,257,990	-$425,787 -$62,900	$769,303
23	$1,320,870	-$449,052 -$66,044	$805,774
24	$1,386,930	-$473,494 -$69,347	$844,089
25	$1,456,260	-$499,147 -$72,813	$884,300
26	$1,529,100	-$526,097 -$76,455	$926,548
27	$1,605,540	-$554,380 -$80,277	$970,883
28	$1,685,820	-$584,084 -$84,291	$1,017,445
29	$1,770,120	-$615,275 -$88,506	$1,066,339
30	$1,858,620	-$648,020 -$92,931	$1,117,669