Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 19, 2025 is estimated to be $288 Million, with a cash option of 130.6 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 Kentucky, your state will take 4.5% 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.

Kentucky Powerball Jackpot/Cash Option for Sat Jul 19, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 19, 2025	$288,000,000	$130,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$130,600,000
Federal Tax(24%)	$31,344,000
Additional Federal Tax	$16,938,330
State Tax(4.5%)	$5,877,000
Net Lumpsum Payment	$76,440,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,334,688	-$1,564,165 -$195,061	$2,575,462
2	$4,551,552	-$1,644,405 -$204,820	$2,702,327
3	$4,779,072	-$1,728,587 -$215,058	$2,835,427
4	$5,018,112	-$1,817,032 -$225,815	$2,975,265
5	$5,268,960	-$1,909,846 -$237,103	$3,122,011
6	$5,532,480	-$2,007,348 -$248,962	$3,276,170
7	$5,808,960	-$2,109,646 -$261,403	$3,437,911
8	$6,099,552	-$2,217,165 -$274,480	$3,607,907
9	$6,404,544	-$2,330,012 -$288,204	$3,786,328
10	$6,724,800	-$2,448,506 -$302,616	$3,973,678
11	$7,060,896	-$2,572,862 -$317,740	$4,170,294
12	$7,413,984	-$2,703,504 -$333,629	$4,376,851
13	$7,784,640	-$2,840,647 -$350,309	$4,593,684
14	$8,174,016	-$2,984,716 -$367,831	$4,821,469
15	$8,582,688	-$3,135,925 -$386,221	$5,060,542
16	$9,011,808	-$3,294,699 -$405,531	$5,311,578
17	$9,462,240	-$3,461,359 -$425,801	$5,575,080
18	$9,935,424	-$3,636,437 -$447,094	$5,851,893
19	$10,432,224	-$3,820,253 -$469,450	$6,142,521
20	$10,953,792	-$4,013,233 -$492,921	$6,447,638
21	$11,501,568	-$4,215,911 -$517,571	$6,768,086
22	$12,076,704	-$4,428,711 -$543,452	$7,104,541
23	$12,680,352	-$4,652,061 -$570,616	$7,457,675
24	$13,314,528	-$4,886,706 -$599,154	$7,828,668
25	$13,980,096	-$5,132,966 -$629,104	$8,218,026
26	$14,679,360	-$5,391,694 -$660,571	$8,627,095
27	$15,413,184	-$5,663,208 -$693,593	$9,056,383
28	$16,183,872	-$5,948,363 -$728,274	$9,507,235
29	$16,993,152	-$6,247,797 -$764,692	$9,980,663
30	$17,842,752	-$6,562,149 -$802,924	$10,477,679