Jackpot Analysis Kentucky Powerball

Jackpot Analysis for Kentucky Powerball
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 DateSat 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