The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 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 Kentucky residents, the state will deduct 4.5% from your lottery earnings.
| Kentucky Powerball Jackpot/Cash Option for Sat Jul 12, 2025 |
|---|
| Draw Date | Sat Jul 12, 2025 | | Projected Jackpot | $234,000,000 | | Cash Value | $106,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,600,000 | | Federal Tax(24%) | $25,584,000 | | Additional Federal Tax | $13,818,330 | | State Tax(4.5%) | $4,797,000 | | Net Lumpsum Payment | $62,400,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,521,934 |
$1,263,446
$158,487 |
$2,100,001 |
| 2 |
$3,698,136 |
$1,328,641
$166,416 |
$2,203,079 |
| 3 |
$3,882,996 |
$1,397,039
$174,735 |
$2,311,222 |
| 4 |
$4,077,216 |
$1,468,900
$183,475 |
$2,424,841 |
| 5 |
$4,281,030 |
$1,544,311
$192,646 |
$2,544,073 |
| 6 |
$4,495,140 |
$1,623,532
$202,281 |
$2,669,327 |
| 7 |
$4,719,780 |
$1,706,649
$212,390 |
$2,800,741 |
| 8 |
$4,955,886 |
$1,794,008
$223,015 |
$2,938,863 |
| 9 |
$5,203,692 |
$1,885,696
$234,166 |
$3,083,830 |
| 10 |
$5,463,900 |
$1,981,973
$245,876 |
$3,236,051 |
| 11 |
$5,736,978 |
$2,083,012
$258,164 |
$3,395,802 |
| 12 |
$6,023,862 |
$2,189,159
$271,074 |
$3,563,629 |
| 13 |
$6,325,020 |
$2,300,588
$284,626 |
$3,739,806 |
| 14 |
$6,641,388 |
$2,417,644
$298,862 |
$3,924,882 |
| 15 |
$6,973,434 |
$2,540,501
$313,805 |
$4,119,128 |
| 16 |
$7,322,094 |
$2,669,505
$329,494 |
$4,323,095 |
| 17 |
$7,688,070 |
$2,804,916
$345,963 |
$4,537,191 |
| 18 |
$8,072,532 |
$2,947,167
$363,264 |
$4,762,101 |
| 19 |
$8,476,182 |
$3,096,518
$381,428 |
$4,998,236 |
| 20 |
$8,899,956 |
$3,253,314
$400,498 |
$5,246,144 |
| 21 |
$9,345,024 |
$3,417,989
$420,526 |
$5,506,509 |
| 22 |
$9,812,322 |
$3,590,890
$441,554 |
$5,779,878 |
| 23 |
$10,302,786 |
$3,772,361
$463,625 |
$6,066,800 |
| 24 |
$10,818,054 |
$3,963,010
$486,812 |
$6,368,232 |
| 25 |
$11,358,828 |
$4,163,097
$511,147 |
$6,684,584 |
| 26 |
$11,926,980 |
$4,373,313
$536,714 |
$7,016,953 |
| 27 |
$12,523,212 |
$4,593,919
$563,545 |
$7,365,748 |
| 28 |
$13,149,396 |
$4,825,607
$591,723 |
$7,732,066 |
| 29 |
$13,806,936 |
$5,068,897
$621,312 |
$8,116,727 |
| 30 |
$14,497,236 |
$5,324,308
$652,376 |
$8,520,552 |
|
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