The jackpot for the Powerball draw on Wed Jul 9, 2025, is projected to be $216 Million, with an option for a cash payout of $98.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Kansas residents, the state will deduct 5% from your lottery earnings.
Kansas Powerball Jackpot/Cash Option for Wed Jul 9, 2025 |
---|
Draw Date | Wed Jul 9, 2025 | Projected Jackpot | $216,000,000 | Cash Value | $98,400,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $98,400,000 | Federal Tax(24%) | $23,616,000 | Additional Federal Tax | $12,752,330 | State Tax(5%) | $4,920,000 | Net Lumpsum Payment | $57,111,670 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,251,016 |
$1,163,206 $162,551 |
$1,925,259 |
2 |
$3,413,664 |
$1,223,386 $170,683 |
$2,019,595 |
3 |
$3,584,304 |
$1,286,523 $179,215 |
$2,118,566 |
4 |
$3,763,584 |
$1,352,856 $188,179 |
$2,222,549 |
5 |
$3,951,720 |
$1,422,467 $197,586 |
$2,331,667 |
6 |
$4,149,360 |
$1,495,594 $207,468 |
$2,446,298 |
7 |
$4,356,720 |
$1,572,317 $217,836 |
$2,566,567 |
8 |
$4,574,664 |
$1,652,956 $228,733 |
$2,692,975 |
9 |
$4,803,408 |
$1,737,591 $240,170 |
$2,825,647 |
10 |
$5,043,600 |
$1,826,462 $252,180 |
$2,964,958 |
11 |
$5,295,672 |
$1,919,729 $264,784 |
$3,111,159 |
12 |
$5,560,488 |
$2,017,711 $278,024 |
$3,264,753 |
13 |
$5,838,480 |
$2,120,568 $291,924 |
$3,425,988 |
14 |
$6,130,512 |
$2,228,620 $306,526 |
$3,595,366 |
15 |
$6,437,016 |
$2,342,026 $321,851 |
$3,773,139 |
16 |
$6,758,856 |
$2,461,107 $337,943 |
$3,959,806 |
17 |
$7,096,680 |
$2,586,102 $354,834 |
$4,155,744 |
18 |
$7,451,568 |
$2,717,411 $372,578 |
$4,361,579 |
19 |
$7,824,168 |
$2,855,273 $391,208 |
$4,577,687 |
20 |
$8,215,344 |
$3,000,008 $410,767 |
$4,804,569 |
21 |
$8,626,176 |
$3,152,016 $431,309 |
$5,042,851 |
22 |
$9,057,528 |
$3,311,616 $452,876 |
$5,293,036 |
23 |
$9,510,264 |
$3,479,128 $475,513 |
$5,555,623 |
24 |
$9,985,896 |
$3,655,112 $499,295 |
$5,831,489 |
25 |
$10,485,072 |
$3,839,807 $524,254 |
$6,121,011 |
26 |
$11,009,520 |
$4,033,853 $550,476 |
$6,425,191 |
27 |
$11,559,888 |
$4,237,489 $577,994 |
$6,744,405 |
28 |
$12,137,904 |
$4,451,355 $606,895 |
$7,079,654 |
29 |
$12,744,864 |
$4,675,930 $637,243 |
$7,431,691 |
30 |
$13,382,064 |
$4,911,694 $669,103 |
$7,801,267 |
|
|