Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 28, 2025 is estimated to be $155 Million, with a cash option of 69.8 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 Sat Jun 28, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 28, 2025	$155,000,000	$69,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,800,000
Federal Tax(24%)	$16,752,000
Additional Federal Tax	$9,034,330
State Tax(4.5%)	$3,141,000
Net Lumpsum Payment	$40,872,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,332,905	-$823,505 -$104,981	$1,404,419
2	$2,449,620	-$866,690 -$110,233	$1,472,697
3	$2,572,070	-$911,996 -$115,743	$1,544,331
4	$2,700,720	-$959,597 -$121,532	$1,619,591
5	$2,835,725	-$1,009,549 -$127,608	$1,698,568
6	$2,977,550	-$1,062,024 -$133,990	$1,781,536
7	$3,126,350	-$1,117,080 -$140,686	$1,868,584
8	$3,282,745	-$1,174,946 -$147,724	$1,960,075
9	$3,446,890	-$1,235,680 -$155,110	$2,056,100
10	$3,619,250	-$1,299,453 -$162,866	$2,156,931
11	$3,800,135	-$1,366,380 -$171,006	$2,262,749
12	$3,990,165	-$1,436,691 -$179,557	$2,373,917
13	$4,189,650	-$1,510,501 -$188,534	$2,490,615
14	$4,399,210	-$1,588,038 -$197,964	$2,613,208
15	$4,619,155	-$1,669,418 -$207,862	$2,741,875
16	$4,850,105	-$1,754,869 -$218,255	$2,876,981
17	$5,092,525	-$1,844,565 -$229,164	$3,018,796
18	$5,347,190	-$1,938,791 -$240,624	$3,167,775
19	$5,614,565	-$2,037,719 -$252,655	$3,324,191
20	$5,895,270	-$2,141,580 -$265,287	$3,488,403
21	$6,190,080	-$2,250,660 -$278,554	$3,660,866
22	$6,499,615	-$2,365,188 -$292,483	$3,841,944
23	$6,824,495	-$2,485,394 -$307,102	$4,031,999
24	$7,165,805	-$2,611,678 -$322,461	$4,231,666
25	$7,524,010	-$2,744,214 -$338,580	$4,441,216
26	$7,900,350	-$2,883,460 -$355,516	$4,661,374
27	$8,295,290	-$3,029,588 -$373,288	$4,892,414
28	$8,710,070	-$3,183,056 -$391,953	$5,135,061
29	$9,145,620	-$3,344,210 -$411,553	$5,389,857
30	$9,602,870	-$3,513,392 -$432,129	$5,657,349