Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 29, 2025 is estimated to be $515 Million, with a cash option of 242.7 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 Mar 29, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 29, 2025	$515,000,000	$242,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,700,000
Federal Tax(24%)	$58,248,000
Additional Federal Tax	$31,511,330
State Tax(4.5%)	$10,921,500
Net Lumpsum Payment	$142,019,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,751,265	-$2,828,298 -$348,807	$4,574,160
2	$8,139,060	-$2,971,783 -$366,258	$4,801,019
3	$8,545,910	-$3,122,317 -$384,566	$5,039,027
4	$8,973,360	-$3,280,474 -$403,801	$5,289,085
5	$9,421,925	-$3,446,443 -$423,987	$5,551,495
6	$9,893,150	-$3,620,796 -$445,192	$5,827,162
7	$10,387,550	-$3,803,724 -$467,440	$6,116,386
8	$10,907,185	-$3,995,989 -$490,823	$6,420,373
9	$11,452,570	-$4,197,781 -$515,366	$6,739,423
10	$12,025,250	-$4,409,673 -$541,136	$7,074,441
11	$12,626,255	-$4,632,045 -$568,181	$7,426,029
12	$13,257,645	-$4,865,659 -$596,594	$7,795,392
13	$13,920,450	-$5,110,897 -$626,420	$8,183,133
14	$14,616,730	-$5,368,520 -$657,753	$8,590,457
15	$15,347,515	-$5,638,911 -$690,638	$9,017,966
16	$16,114,865	-$5,922,830 -$725,169	$9,466,866
17	$16,920,325	-$6,220,851 -$761,415	$9,938,059
18	$17,766,470	-$6,533,924 -$799,491	$10,433,055
19	$18,654,845	-$6,862,623 -$839,468	$10,952,754
20	$19,587,510	-$7,207,709 -$881,438	$11,498,363
21	$20,567,040	-$7,570,135 -$925,517	$12,071,388
22	$21,595,495	-$7,950,664 -$971,797	$12,673,034
23	$22,674,935	-$8,350,056 -$1,020,372	$13,304,507
24	$23,808,965	-$8,769,647 -$1,071,403	$13,967,915
25	$24,999,130	-$9,210,008 -$1,124,961	$14,664,161
26	$26,249,550	-$9,672,664 -$1,181,230	$15,395,656
27	$27,561,770	-$10,158,185 -$1,240,280	$16,163,305
28	$28,939,910	-$10,668,097 -$1,302,296	$16,969,517
29	$30,387,060	-$11,203,543 -$1,367,418	$17,816,099
30	$31,906,310	-$11,765,665 -$1,435,784	$18,704,861