Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Dec 3, 2025 is estimated to be $775 Million, with a cash option of 362.5 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 Wed Dec 3, 2025

Draw Date	Jackpot	Cash Option
Wed Dec 3, 2025	$775,000,000	$362,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$362,500,000
Federal Tax(24%)	$87,000,000
Additional Federal Tax	$47,085,330
State Tax(4.5%)	$16,312,500
Net Lumpsum Payment	$212,102,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,664,525	-$4,276,205 -$524,904	$6,863,416
2	$12,248,100	-$4,492,127 -$551,165	$7,204,808
3	$12,860,350	-$4,718,660 -$578,716	$7,562,974
4	$13,503,600	-$4,956,662 -$607,662	$7,939,276
5	$14,178,625	-$5,206,422 -$638,038	$8,334,165
6	$14,887,750	-$5,468,798 -$669,949	$8,749,003
7	$15,631,750	-$5,744,078 -$703,429	$9,184,243
8	$16,413,725	-$6,033,409 -$738,618	$9,641,698
9	$17,234,450	-$6,337,077 -$775,550	$10,121,823
10	$18,096,250	-$6,655,943 -$814,331	$10,625,976
11	$19,000,675	-$6,990,580 -$855,030	$11,155,065
12	$19,950,825	-$7,342,136 -$897,787	$11,710,902
13	$20,948,250	-$7,711,183 -$942,671	$12,294,396
14	$21,996,050	-$8,098,869 -$989,822	$12,907,359
15	$23,095,775	-$8,505,767 -$1,039,310	$13,550,698
16	$24,250,525	-$8,933,025 -$1,091,274	$14,226,226
17	$25,462,625	-$9,381,502 -$1,145,818	$14,935,305
18	$26,735,950	-$9,852,632 -$1,203,118	$15,680,200
19	$28,072,825	-$10,347,276 -$1,263,277	$16,462,272
20	$29,476,350	-$10,866,580 -$1,326,436	$17,283,334
21	$30,950,400	-$11,411,978 -$1,392,768	$18,145,654
22	$32,498,075	-$11,984,618 -$1,462,413	$19,051,044
23	$34,122,475	-$12,585,646 -$1,535,511	$20,001,318
24	$35,829,025	-$13,217,070 -$1,612,306	$20,999,649
25	$37,620,050	-$13,879,749 -$1,692,902	$22,047,399
26	$39,501,750	-$14,575,978 -$1,777,579	$23,148,193
27	$41,476,450	-$15,306,617 -$1,866,440	$24,303,393
28	$43,550,350	-$16,073,960 -$1,959,766	$25,516,624
29	$45,728,100	-$16,879,727 -$2,057,765	$26,790,608
30	$48,014,350	-$17,725,640 -$2,160,646	$28,128,064