The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Wed Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(4.5%) | $3,586,500 | | Net Lumpsum Payment | $46,664,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$117,849 |
$1,571,711 |
| 2 |
$2,749,896 |
$977,792
$123,745 |
$1,648,359 |
| 3 |
$2,887,356 |
$1,028,652
$129,931 |
$1,728,773 |
| 4 |
$3,031,776 |
$1,082,088
$136,430 |
$1,813,258 |
| 5 |
$3,183,330 |
$1,138,162
$143,250 |
$1,901,918 |
| 6 |
$3,342,540 |
$1,197,070
$150,414 |
$1,995,056 |
| 7 |
$3,509,580 |
$1,258,875
$157,931 |
$2,092,774 |
| 8 |
$3,685,146 |
$1,323,834
$165,832 |
$2,195,480 |
| 9 |
$3,869,412 |
$1,392,013
$174,124 |
$2,303,275 |
| 10 |
$4,062,900 |
$1,463,603
$182,831 |
$2,416,466 |
| 11 |
$4,265,958 |
$1,538,735
$191,968 |
$2,535,255 |
| 12 |
$4,479,282 |
$1,617,665
$201,568 |
$2,660,049 |
| 13 |
$4,703,220 |
$1,700,522
$211,645 |
$2,791,053 |
| 14 |
$4,938,468 |
$1,787,564
$222,231 |
$2,928,673 |
| 15 |
$5,185,374 |
$1,878,919
$233,342 |
$3,073,113 |
| 16 |
$5,444,634 |
$1,974,845
$245,009 |
$3,224,780 |
| 17 |
$5,716,770 |
$2,075,535
$257,255 |
$3,383,980 |
| 18 |
$6,002,652 |
$2,181,312
$270,119 |
$3,551,221 |
| 19 |
$6,302,802 |
$2,292,367
$283,626 |
$3,726,809 |
| 20 |
$6,617,916 |
$2,408,959
$297,806 |
$3,911,151 |
| 21 |
$6,948,864 |
$2,531,410
$312,699 |
$4,104,755 |
| 22 |
$7,296,342 |
$2,659,977
$328,335 |
$4,308,030 |
| 23 |
$7,661,046 |
$2,794,917
$344,747 |
$4,521,382 |
| 24 |
$8,044,194 |
$2,936,682
$361,989 |
$4,745,523 |
| 25 |
$8,446,308 |
$3,085,464
$380,084 |
$4,980,760 |
| 26 |
$8,868,780 |
$3,241,779
$399,095 |
$5,227,906 |
| 27 |
$9,312,132 |
$3,405,819
$419,046 |
$5,487,267 |
| 28 |
$9,777,756 |
$3,578,100
$439,999 |
$5,759,657 |
| 29 |
$10,266,696 |
$3,759,008
$462,001 |
$6,045,687 |
| 30 |
$10,779,996 |
$3,948,929
$485,100 |
$6,345,967 |
|
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