Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 9, 2025 is estimated to be $482 Million, with a cash option of 218.9 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 Aug 9, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 9, 2025	$482,000,000	$218,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$218,900,000
Federal Tax(24%)	$52,536,000
Additional Federal Tax	$28,417,330
State Tax(4.5%)	$9,850,500
Net Lumpsum Payment	$128,096,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,254,582	-$2,644,526 -$326,456	$4,283,600
2	$7,617,528	-$2,778,816 -$342,789	$4,495,923
3	$7,998,308	-$2,919,704 -$359,924	$4,718,680
4	$8,398,368	-$3,067,727 -$377,927	$4,952,714
5	$8,818,190	-$3,223,061 -$396,819	$5,198,310
6	$9,259,220	-$3,386,242 -$416,665	$5,456,313
7	$9,721,940	-$3,557,448 -$437,487	$5,727,005
8	$10,208,278	-$3,737,393 -$459,373	$6,011,512
9	$10,718,716	-$3,926,255 -$482,342	$6,310,119
10	$11,254,700	-$4,124,569 -$506,462	$6,623,669
11	$11,817,194	-$4,332,692 -$531,774	$6,952,728
12	$12,408,126	-$4,551,337 -$558,366	$7,298,423
13	$13,028,460	-$4,780,861 -$586,281	$7,661,318
14	$13,680,124	-$5,021,976 -$615,606	$8,042,542
15	$14,364,082	-$5,275,041 -$646,384	$8,442,657
16	$15,082,262	-$5,540,767 -$678,702	$8,862,793
17	$15,836,110	-$5,819,691 -$712,625	$9,303,794
18	$16,628,036	-$6,112,704 -$748,262	$9,767,070
19	$17,459,486	-$6,420,340 -$785,677	$10,253,469
20	$18,332,388	-$6,743,314 -$824,957	$10,764,117
21	$19,249,152	-$7,082,517 -$866,212	$11,300,423
22	$20,211,706	-$7,438,662 -$909,527	$11,863,517
23	$21,221,978	-$7,812,462 -$954,989	$12,454,527
24	$22,283,342	-$8,205,167 -$1,002,750	$13,075,425
25	$23,397,244	-$8,617,311 -$1,052,876	$13,727,057
26	$24,567,540	-$9,050,320 -$1,105,539	$14,411,681
27	$25,795,676	-$9,504,731 -$1,160,805	$15,130,140
28	$27,085,508	-$9,981,968 -$1,218,848	$15,884,692
29	$28,439,928	-$10,483,104 -$1,279,797	$16,677,027
30	$29,861,828	-$11,009,207 -$1,343,782	$17,508,839