Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Nov 12, 2025 is estimated to be $512 Million, with a cash option of 239.1 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 Nov 12, 2025

Draw Date	Jackpot	Cash Option
Wed Nov 12, 2025	$512,000,000	$239,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$239,100,000
Federal Tax(24%)	$57,384,000
Additional Federal Tax	$31,043,330
State Tax(4.5%)	$10,759,500
Net Lumpsum Payment	$139,913,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,706,112	-$2,811,592 -$346,775	$4,547,745
2	$8,091,648	-$2,954,240 -$364,124	$4,773,284
3	$8,496,128	-$3,103,898 -$382,326	$5,009,904
4	$8,921,088	-$3,261,133 -$401,449	$5,258,506
5	$9,367,040	-$3,426,135 -$421,517	$5,519,388
6	$9,835,520	-$3,599,473 -$442,598	$5,793,449
7	$10,327,040	-$3,781,335 -$464,717	$6,080,988
8	$10,843,648	-$3,972,480 -$487,964	$6,383,204
9	$11,385,856	-$4,173,097 -$512,364	$6,700,395
10	$11,955,200	-$4,383,754 -$537,984	$7,033,462
11	$12,552,704	-$4,604,831 -$564,872	$7,383,001
12	$13,180,416	-$4,837,084 -$593,119	$7,750,213
13	$13,839,360	-$5,080,894 -$622,771	$8,135,695
14	$14,531,584	-$5,337,016 -$653,921	$8,540,647
15	$15,258,112	-$5,605,832 -$686,615	$8,965,665
16	$16,020,992	-$5,888,097 -$720,945	$9,411,950
17	$16,821,760	-$6,184,382 -$756,979	$9,880,399
18	$17,662,976	-$6,495,632 -$794,834	$10,372,510
19	$18,546,176	-$6,822,416 -$834,578	$10,889,182
20	$19,473,408	-$7,165,491 -$876,303	$11,431,614
21	$20,447,232	-$7,525,806 -$920,125	$12,001,301
22	$21,469,696	-$7,904,118 -$966,136	$12,599,442
23	$22,542,848	-$8,301,184 -$1,014,428	$13,227,236
24	$23,670,272	-$8,718,331 -$1,065,162	$13,886,779
25	$24,853,504	-$9,156,127 -$1,118,408	$14,578,969
26	$26,096,640	-$9,616,087 -$1,174,349	$15,306,204
27	$27,401,216	-$10,098,780 -$1,233,055	$16,069,381
28	$28,771,328	-$10,605,722 -$1,294,710	$16,870,896
29	$30,210,048	-$11,138,048 -$1,359,452	$17,712,548
30	$31,720,448	-$11,696,896 -$1,427,420	$18,596,132