Kansas Lottery

KSLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Kansas, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Kansas Powerball Jackpot/Cash Option for Mon Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(5%)	$7,865,000
Net Lumpsum Payment	$91,273,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$252,104	$2,964,079
2	$5,294,340	-$1,919,236 -$264,717	$3,110,387
3	$5,558,990	-$2,017,157 -$277,950	$3,263,883
4	$5,837,040	-$2,120,035 -$291,852	$3,425,153
5	$6,128,825	-$2,227,996 -$306,441	$3,594,388
6	$6,435,350	-$2,341,410 -$321,768	$3,772,172
7	$6,756,950	-$2,460,402 -$337,848	$3,958,700
8	$7,094,965	-$2,585,467 -$354,748	$4,154,750
9	$7,449,730	-$2,716,730 -$372,487	$4,360,513
10	$7,822,250	-$2,854,563 -$391,113	$4,576,574
11	$8,213,195	-$2,999,213 -$410,660	$4,803,322
12	$8,623,905	-$3,151,175 -$431,195	$5,041,535
13	$9,055,050	-$3,310,699 -$452,753	$5,291,598
14	$9,507,970	-$3,478,279 -$475,399	$5,554,292
15	$9,983,335	-$3,654,164 -$499,167	$5,830,004
16	$10,482,485	-$3,838,850 -$524,124	$6,119,511
17	$11,006,425	-$4,032,708 -$550,321	$6,423,396
18	$11,556,830	-$4,236,357 -$577,842	$6,742,631
19	$12,134,705	-$4,450,171 -$606,735	$7,077,799
20	$12,741,390	-$4,674,645 -$637,070	$7,429,675
21	$13,378,560	-$4,910,398 -$668,928	$7,799,234
22	$14,047,555	-$5,157,926 -$702,378	$8,187,251
23	$14,749,715	-$5,417,725 -$737,486	$8,594,504
24	$15,487,385	-$5,690,663 -$774,369	$9,022,353
25	$16,261,570	-$5,977,111 -$813,079	$9,471,380
26	$17,074,950	-$6,278,062 -$853,748	$9,943,140
27	$17,928,530	-$6,593,886 -$896,427	$10,438,217
28	$18,824,990	-$6,925,577 -$941,250	$10,958,163
29	$19,766,340	-$7,273,876 -$988,317	$11,504,147
30	$20,754,590	-$7,639,529 -$1,037,730	$12,077,331