Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 29, 2024 is estimated to be $164 Million, with a cash option of 74.9 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 Mon Apr 29, 2024

Draw Date Jackpot Cash Option
Mon Apr 29, 2024$164,000,000$74,900,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$74,900,000
Federal Tax(24%)$17,976,000
Additional Federal Tax$9,697,330
State Tax(4.5%)$3,370,500
Net Lumpsum Payment$43,856,170

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $2,468,364 -$873,625
-$111,076		 $1,483,663
2 $2,591,856 -$919,317
-$116,634		 $1,555,905
3 $2,721,416 -$967,254
-$122,464		 $1,631,698
4 $2,857,536 -$1,017,619
-$128,589		 $1,711,328
5 $3,000,380 -$1,070,471
-$135,017		 $1,794,892
6 $3,150,440 -$1,125,993
-$141,770		 $1,882,677
7 $3,307,880 -$1,184,246
-$148,855		 $1,974,779
8 $3,473,356 -$1,245,472
-$156,301		 $2,071,583
9 $3,647,032 -$1,309,732
-$164,116		 $2,173,184
10 $3,829,400 -$1,377,208
-$172,323		 $2,279,869
11 $4,020,788 -$1,448,022
-$180,935		 $2,391,831
12 $4,221,852 -$1,522,416
-$189,983		 $2,509,453
13 $4,432,920 -$1,600,511
-$199,481		 $2,632,928
14 $4,654,648 -$1,682,550
-$209,459		 $2,762,639
15 $4,887,364 -$1,768,655
-$219,931		 $2,898,778
16 $5,131,724 -$1,859,068
-$230,928		 $3,041,728
17 $5,388,220 -$1,953,972
-$242,470		 $3,191,778
18 $5,657,672 -$2,053,669
-$254,595		 $3,349,408
19 $5,940,572 -$2,158,342
-$267,326		 $3,514,904
20 $6,237,576 -$2,268,234
-$280,691		 $3,688,651
21 $6,549,504 -$2,383,647
-$294,728		 $3,871,129
22 $6,877,012 -$2,504,825
-$309,466		 $4,062,721
23 $7,220,756 -$2,632,010
-$324,934		 $4,263,812
24 $7,581,884 -$2,765,627
-$341,185		 $4,475,072
25 $7,960,888 -$2,905,859
-$358,240		 $4,696,789
26 $8,359,080 -$3,053,190
-$376,159		 $4,929,731
27 $8,776,952 -$3,207,803
-$394,963		 $5,174,186
28 $9,215,816 -$3,370,182
-$414,712		 $5,430,922
29 $9,676,656 -$3,540,693
-$435,450		 $5,700,513
30 $10,160,456 -$3,719,699
-$457,221		 $5,983,536
Powerball Results by Month
April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
Cash Option: $74.9 Million
Next Draw: Mon Apr 29
Powerball
Sat Apr 27, 2024
093053556223
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