Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 20, 2025 is estimated to be $304 Million, with a cash option of 144.6 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 Oct 20, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 20, 2025	$304,000,000	$144,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$144,600,000
Federal Tax(24%)	$34,704,000
Additional Federal Tax	$18,758,330
State Tax(4.5%)	$6,507,000
Net Lumpsum Payment	$84,630,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,575,504	-$1,653,267 -$205,898	$2,716,339
2	$4,804,416	-$1,737,964 -$216,199	$2,850,253
3	$5,044,576	-$1,826,824 -$227,006	$2,990,746
4	$5,296,896	-$1,920,182 -$238,360	$3,138,354
5	$5,561,680	-$2,018,152 -$250,276	$3,293,252
6	$5,839,840	-$2,121,071 -$262,793	$3,455,976
7	$6,131,680	-$2,229,052 -$275,926	$3,626,702
8	$6,438,416	-$2,342,544 -$289,729	$3,806,143
9	$6,760,352	-$2,461,661 -$304,216	$3,994,475
10	$7,098,400	-$2,586,738 -$319,428	$4,192,234
11	$7,453,168	-$2,718,003 -$335,393	$4,399,772
12	$7,825,872	-$2,855,903 -$352,164	$4,617,805
13	$8,217,120	-$3,000,665 -$369,770	$4,846,685
14	$8,628,128	-$3,152,738 -$388,266	$5,087,124
15	$9,059,504	-$3,312,347 -$407,678	$5,339,479
16	$9,512,464	-$3,479,942 -$428,061	$5,604,461
17	$9,987,920	-$3,655,861 -$449,456	$5,882,603
18	$10,487,392	-$3,840,665 -$471,933	$6,174,794
19	$11,011,792	-$4,034,693 -$495,531	$6,481,568
20	$11,562,336	-$4,238,395 -$520,305	$6,803,636
21	$12,140,544	-$4,452,332 -$546,324	$7,141,888
22	$12,747,632	-$4,676,954 -$573,643	$7,497,035
23	$13,384,816	-$4,912,712 -$602,317	$7,869,787
24	$14,054,224	-$5,160,393 -$632,440	$8,261,391
25	$14,756,768	-$5,420,335 -$664,055	$8,672,378
26	$15,494,880	-$5,693,436 -$697,270	$9,104,174
27	$16,269,472	-$5,980,035 -$732,126	$9,557,311
28	$17,082,976	-$6,281,032 -$768,734	$10,033,210
29	$17,937,216	-$6,597,100 -$807,175	$10,532,941
30	$18,834,016	-$6,928,916 -$847,531	$11,057,569