The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(4.5%) | $19,300,500 | | Net Lumpsum Payment | $250,946,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$643,430 |
$8,404,263 |
| 2 |
$15,013,800 |
$5,515,436
$675,621 |
$8,822,743 |
| 3 |
$15,764,300 |
$5,793,121
$709,394 |
$9,261,785 |
| 4 |
$16,552,800 |
$6,084,866
$744,876 |
$9,723,058 |
| 5 |
$17,380,250 |
$6,391,023
$782,111 |
$10,207,116 |
| 6 |
$18,249,500 |
$6,712,645
$821,228 |
$10,715,627 |
| 7 |
$19,161,500 |
$7,050,085
$862,268 |
$11,249,147 |
| 8 |
$20,120,050 |
$7,404,749
$905,402 |
$11,809,899 |
| 9 |
$21,126,100 |
$7,776,987
$950,675 |
$12,398,438 |
| 10 |
$22,182,500 |
$8,167,855
$998,213 |
$13,016,432 |
| 11 |
$23,291,150 |
$8,578,056
$1,048,102 |
$13,664,992 |
| 12 |
$24,455,850 |
$9,008,995
$1,100,513 |
$14,346,342 |
| 13 |
$25,678,500 |
$9,461,375
$1,155,533 |
$15,061,592 |
| 14 |
$26,962,900 |
$9,936,603
$1,213,331 |
$15,812,966 |
| 15 |
$28,310,950 |
$10,435,382
$1,273,993 |
$16,601,575 |
| 16 |
$29,726,450 |
$10,959,117
$1,337,690 |
$17,429,643 |
| 17 |
$31,212,250 |
$11,508,863
$1,404,551 |
$18,298,836 |
| 18 |
$32,773,100 |
$12,086,377
$1,474,790 |
$19,211,933 |
| 19 |
$34,411,850 |
$12,692,715
$1,548,533 |
$20,170,602 |
| 20 |
$36,132,300 |
$13,329,281
$1,625,954 |
$21,177,065 |
| 21 |
$37,939,200 |
$13,997,834
$1,707,264 |
$22,234,102 |
| 22 |
$39,836,350 |
$14,699,780
$1,792,636 |
$23,343,934 |
| 23 |
$41,827,550 |
$15,436,524
$1,882,240 |
$24,508,786 |
| 24 |
$43,919,450 |
$16,210,527
$1,976,375 |
$25,732,548 |
| 25 |
$46,114,900 |
$17,022,843
$2,075,171 |
$27,016,886 |
| 26 |
$48,421,500 |
$17,876,285
$2,178,968 |
$28,366,247 |
| 27 |
$50,842,100 |
$18,771,907
$2,287,895 |
$29,782,298 |
| 28 |
$53,384,300 |
$19,712,521
$2,402,294 |
$31,269,485 |
| 29 |
$56,053,800 |
$20,700,236
$2,522,421 |
$32,831,143 |
| 30 |
$58,856,300 |
$21,737,161
$2,648,534 |
$34,470,605 |
|
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