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 |
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Draw Date | Sat Jul 12, 2025 | Projected Jackpot | $234,000,000 | Cash Value | $106,600,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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