Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 7, 2025 is estimated to be $44 Million, with a cash option of 19.7 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 Jun 7, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 7, 2025	$44,000,000	$19,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,700,000
Federal Tax(24%)	$4,728,000
Additional Federal Tax	$2,521,330
State Tax(4.5%)	$886,500
Net Lumpsum Payment	$11,564,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$662,244	-$205,361 -$29,801	$427,082
2	$695,376	-$217,620 -$31,292	$446,464
3	$730,136	-$230,481 -$32,856	$466,799
4	$766,656	-$243,993 -$34,500	$488,163
5	$804,980	-$258,173 -$36,224	$510,583
6	$845,240	-$273,069 -$38,036	$534,135
7	$887,480	-$288,698 -$39,937	$558,845
8	$931,876	-$305,125 -$41,934	$584,817
9	$978,472	-$322,365 -$44,031	$612,076
10	$1,027,400	-$340,468 -$46,233	$640,699
11	$1,078,748	-$359,467 -$48,544	$670,737
12	$1,132,692	-$379,426 -$50,971	$702,295
13	$1,189,320	-$400,379 -$53,519	$735,422
14	$1,248,808	-$422,389 -$56,196	$770,223
15	$1,311,244	-$445,491 -$59,006	$806,747
16	$1,376,804	-$469,748 -$61,956	$845,100
17	$1,445,620	-$495,210 -$65,053	$885,357
18	$1,517,912	-$521,958 -$68,306	$927,648
19	$1,593,812	-$550,041 -$71,722	$972,049
20	$1,673,496	-$579,524 -$75,307	$1,018,665
21	$1,757,184	-$610,488 -$79,073	$1,067,623
22	$1,845,052	-$643,000 -$83,027	$1,119,025
23	$1,937,276	-$677,123 -$87,177	$1,172,976
24	$2,034,164	-$712,971 -$91,537	$1,229,656
25	$2,135,848	-$750,594 -$96,113	$1,289,141
26	$2,242,680	-$790,122 -$100,921	$1,351,637
27	$2,354,792	-$831,603 -$105,966	$1,417,223
28	$2,472,536	-$875,169 -$111,264	$1,486,103
29	$2,596,176	-$920,916 -$116,828	$1,558,432
30	$2,725,976	-$968,942 -$122,669	$1,634,365