Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(4.5%)	$22,428,000
Net Lumpsum Payment	$291,603,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$745,025	$9,724,988
2	$17,384,400	-$6,392,558 -$782,298	$10,209,544
3	$18,253,400	-$6,714,088 -$821,403	$10,717,909
4	$19,166,400	-$7,051,898 -$862,488	$11,252,014
5	$20,124,500	-$7,406,395 -$905,603	$11,812,502
6	$21,131,000	-$7,778,800 -$950,895	$12,401,305
7	$22,187,000	-$8,169,520 -$998,415	$13,019,065
8	$23,296,900	-$8,580,183 -$1,048,361	$13,668,356
9	$24,461,800	-$9,011,196 -$1,100,781	$14,349,823
10	$25,685,000	-$9,463,780 -$1,155,825	$15,065,395
11	$26,968,700	-$9,938,749 -$1,213,592	$15,816,359
12	$28,317,300	-$10,437,731 -$1,274,279	$16,605,290
13	$29,733,000	-$10,961,540 -$1,337,985	$17,433,475
14	$31,220,200	-$11,511,804 -$1,404,909	$18,303,487
15	$32,781,100	-$12,089,337 -$1,475,150	$19,216,613
16	$34,420,100	-$12,695,767 -$1,548,905	$20,175,428
17	$36,140,500	-$13,332,315 -$1,626,323	$21,181,862
18	$37,947,800	-$14,001,016 -$1,707,651	$22,239,133
19	$39,845,300	-$14,703,091 -$1,793,039	$23,349,170
20	$41,837,400	-$15,440,168 -$1,882,683	$24,514,549
21	$43,929,600	-$16,214,282 -$1,976,832	$25,738,486
22	$46,126,300	-$17,027,061 -$2,075,684	$27,023,555
23	$48,431,900	-$17,880,133 -$2,179,436	$28,372,331
24	$50,854,100	-$18,776,347 -$2,288,435	$29,789,318
25	$53,396,200	-$19,716,924 -$2,402,829	$31,276,447
26	$56,067,000	-$20,705,120 -$2,523,015	$32,838,865
27	$58,869,800	-$21,742,156 -$2,649,141	$34,478,503
28	$61,813,400	-$22,831,288 -$2,781,603	$36,200,509
29	$64,904,400	-$23,974,958 -$2,920,698	$38,008,744
30	$68,149,400	-$25,175,608 -$3,066,723	$39,907,069