Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 7, 2025 is estimated to be $44 Million, with a cash option of 19.7 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 Jun 7, 2025

Draw Date Jackpot Cash Option
Sat Jun 7, 2025$44,000,000$19,700,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$19,700,000
Federal Tax(24%)$4,728,000
Additional Federal Tax$2,521,330
State Tax(4.5%)$886,500
Net Lumpsum Payment$11,564,170

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $662,244 -$205,361
-$29,801
$427,082
2 $695,376 -$217,620
-$31,292
$446,464
3 $730,136 -$230,481
-$32,856
$466,799
4 $766,656 -$243,993
-$34,500
$488,163
5 $804,980 -$258,173
-$36,224
$510,583
6 $845,240 -$273,069
-$38,036
$534,135
7 $887,480 -$288,698
-$39,937
$558,845
8 $931,876 -$305,125
-$41,934
$584,817
9 $978,472 -$322,365
-$44,031
$612,076
10 $1,027,400 -$340,468
-$46,233
$640,699
11 $1,078,748 -$359,467
-$48,544
$670,737
12 $1,132,692 -$379,426
-$50,971
$702,295
13 $1,189,320 -$400,379
-$53,519
$735,422
14 $1,248,808 -$422,389
-$56,196
$770,223
15 $1,311,244 -$445,491
-$59,006
$806,747
16 $1,376,804 -$469,748
-$61,956
$845,100
17 $1,445,620 -$495,210
-$65,053
$885,357
18 $1,517,912 -$521,958
-$68,306
$927,648
19 $1,593,812 -$550,041
-$71,722
$972,049
20 $1,673,496 -$579,524
-$75,307
$1,018,665
21 $1,757,184 -$610,488
-$79,073
$1,067,623
22 $1,845,052 -$643,000
-$83,027
$1,119,025
23 $1,937,276 -$677,123
-$87,177
$1,172,976
24 $2,034,164 -$712,971
-$91,537
$1,229,656
25 $2,135,848 -$750,594
-$96,113
$1,289,141
26 $2,242,680 -$790,122
-$100,921
$1,351,637
27 $2,354,792 -$831,603
-$105,966
$1,417,223
28 $2,472,536 -$875,169
-$111,264
$1,486,103
29 $2,596,176 -$920,916
-$116,828
$1,558,432
30 $2,725,976 -$968,942
-$122,669
$1,634,365
4
4
Cash Option: $19.7 Million
Next Draw: Sat Jun 7
Powerball
Wed Jun 4, 2025
051723354524

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