Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(4.5%)	$3,469,500
Net Lumpsum Payment	$45,143,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$113,786	$1,518,881
2	$2,655,072	-$942,707 -$119,478	$1,592,887
3	$2,787,792	-$991,813 -$125,451	$1,670,528
4	$2,927,232	-$1,043,406 -$131,725	$1,752,101
5	$3,073,560	-$1,097,548 -$138,310	$1,837,702
6	$3,227,280	-$1,154,424 -$145,228	$1,927,628
7	$3,388,560	-$1,214,098 -$152,485	$2,021,977
8	$3,558,072	-$1,276,817 -$160,113	$2,121,142
9	$3,735,984	-$1,342,644 -$168,119	$2,225,221
10	$3,922,800	-$1,411,766 -$176,526	$2,334,508
11	$4,118,856	-$1,484,307 -$185,349	$2,449,200
12	$4,324,824	-$1,560,515 -$194,617	$2,569,692
13	$4,541,040	-$1,640,515 -$204,347	$2,696,178
14	$4,768,176	-$1,724,556 -$214,568	$2,829,052
15	$5,006,568	-$1,812,761 -$225,296	$2,968,511
16	$5,256,888	-$1,905,379 -$236,560	$3,114,949
17	$5,519,640	-$2,002,597 -$248,384	$3,268,659
18	$5,795,664	-$2,104,726 -$260,805	$3,430,133
19	$6,085,464	-$2,211,952 -$273,846	$3,599,666
20	$6,389,712	-$2,324,524 -$287,537	$3,777,651
21	$6,709,248	-$2,442,752 -$301,916	$3,964,580
22	$7,044,744	-$2,566,886 -$317,013	$4,160,845
23	$7,396,872	-$2,697,173 -$332,859	$4,366,840
24	$7,766,808	-$2,834,049 -$349,506	$4,583,253
25	$8,155,056	-$2,977,701 -$366,978	$4,810,377
26	$8,562,960	-$3,128,626 -$385,333	$5,049,001
27	$8,991,024	-$3,287,009 -$404,596	$5,299,419
28	$9,440,592	-$3,453,349 -$424,827	$5,562,416
29	$9,912,672	-$3,628,019 -$446,070	$5,838,583
30	$10,408,272	-$3,811,391 -$468,372	$6,128,509