Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 29, 2025 is estimated to be $160 Million, with a cash option of 74.2 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 Sep 29, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 29, 2025	$160,000,000	$74,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$74,200,000
Federal Tax(24%)	$17,808,000
Additional Federal Tax	$9,606,330
State Tax(4.5%)	$3,339,000
Net Lumpsum Payment	$43,446,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,408,160	-$851,350 -$108,367	$1,448,443
2	$2,528,640	-$895,927 -$113,789	$1,518,924
3	$2,655,040	-$942,695 -$119,477	$1,592,868
4	$2,787,840	-$991,831 -$125,453	$1,670,556
5	$2,927,200	-$1,043,394 -$131,724	$1,752,082
6	$3,073,600	-$1,097,562 -$138,312	$1,837,726
7	$3,227,200	-$1,154,394 -$145,224	$1,927,582
8	$3,388,640	-$1,214,127 -$152,489	$2,022,024
9	$3,558,080	-$1,276,820 -$160,114	$2,121,146
10	$3,736,000	-$1,342,650 -$168,120	$2,225,230
11	$3,922,720	-$1,411,737 -$176,522	$2,334,461
12	$4,118,880	-$1,484,316 -$185,350	$2,449,214
13	$4,324,800	-$1,560,506 -$194,616	$2,569,678
14	$4,541,120	-$1,640,545 -$204,350	$2,696,225
15	$4,768,160	-$1,724,550 -$214,567	$2,829,043
16	$5,006,560	-$1,812,758 -$225,295	$2,968,507
17	$5,256,800	-$1,905,346 -$236,556	$3,114,898
18	$5,519,680	-$2,002,612 -$248,386	$3,268,682
19	$5,795,680	-$2,104,732 -$260,806	$3,430,142
20	$6,085,440	-$2,211,943 -$273,845	$3,599,652
21	$6,389,760	-$2,324,542 -$287,539	$3,777,679
22	$6,709,280	-$2,442,764 -$301,918	$3,964,598
23	$7,044,640	-$2,566,847 -$317,009	$4,160,784
24	$7,396,960	-$2,697,206 -$332,863	$4,366,891
25	$7,766,720	-$2,834,017 -$349,502	$4,583,201
26	$8,155,200	-$2,977,754 -$366,984	$4,810,462
27	$8,562,880	-$3,128,596 -$385,330	$5,048,954
28	$8,991,040	-$3,287,015 -$404,597	$5,299,428
29	$9,440,640	-$3,453,367 -$424,829	$5,562,444
30	$9,912,640	-$3,628,007 -$446,069	$5,838,564