Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 17, 2025 is estimated to be $123 Million, with a cash option of 55.9 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 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 May 17, 2025

Draw Date	Jackpot	Cash Option
Sat May 17, 2025	$123,000,000	$55,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,900,000
Federal Tax(24%)	$13,416,000
Additional Federal Tax	$7,227,330
State Tax(4.5%)	$2,515,500
Net Lumpsum Payment	$32,741,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,851,273	-$645,301 -$83,307	$1,122,665
2	$1,943,892	-$679,570 -$87,475	$1,176,847
3	$2,041,062	-$715,523 -$91,848	$1,233,691
4	$2,143,152	-$753,297 -$96,442	$1,293,413
5	$2,250,285	-$792,936 -$101,263	$1,356,086
6	$2,362,830	-$834,577 -$106,327	$1,421,926
7	$2,480,910	-$878,267 -$111,641	$1,491,002
8	$2,605,017	-$924,187 -$117,226	$1,563,604
9	$2,735,274	-$972,382 -$123,087	$1,639,805
10	$2,872,050	-$1,022,989 -$129,242	$1,719,819
11	$3,015,591	-$1,076,099 -$135,702	$1,803,790
12	$3,166,389	-$1,131,894 -$142,488	$1,892,007
13	$3,324,690	-$1,190,466 -$149,611	$1,984,613
14	$3,490,986	-$1,251,995 -$157,094	$2,081,897
15	$3,665,523	-$1,316,574 -$164,949	$2,184,000
16	$3,848,793	-$1,384,384 -$173,196	$2,291,213
17	$4,041,165	-$1,455,561 -$181,852	$2,403,752
18	$4,243,254	-$1,530,334 -$190,946	$2,521,974
19	$4,455,429	-$1,608,839 -$200,494	$2,646,096
20	$4,678,182	-$1,691,258 -$210,518	$2,776,406
21	$4,912,128	-$1,777,818 -$221,046	$2,913,264
22	$5,157,759	-$1,868,701 -$232,099	$3,056,959
23	$5,415,567	-$1,964,090 -$243,701	$3,207,776
24	$5,686,413	-$2,064,303 -$255,889	$3,366,221
25	$5,970,666	-$2,169,477 -$268,680	$3,532,509
26	$6,269,310	-$2,279,975 -$282,119	$3,707,216
27	$6,582,714	-$2,395,935 -$296,222	$3,890,557
28	$6,911,862	-$2,517,719 -$311,034	$4,083,109
29	$7,257,492	-$2,645,602 -$326,587	$4,285,303
30	$7,620,342	-$2,779,857 -$342,915	$4,497,570