Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Kentucky, your state will take 4.5% 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.

Kentucky Powerball Jackpot/Cash Option for Mon Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(4.5%)	$13,644,000
Net Lumpsum Payment	$177,411,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$442,951	$5,798,032
2	$10,335,816	-$3,784,582 -$465,112	$6,086,122
3	$10,852,476	-$3,975,747 -$488,361	$6,388,368
4	$11,395,296	-$4,176,590 -$512,788	$6,705,918
5	$11,964,930	-$4,387,354 -$538,422	$7,039,154
6	$12,563,340	-$4,608,766 -$565,350	$7,389,224
7	$13,191,180	-$4,841,067 -$593,603	$7,756,510
8	$13,851,066	-$5,085,225 -$623,298	$8,142,543
9	$14,543,652	-$5,341,482 -$654,464	$8,547,706
10	$15,270,900	-$5,610,563 -$687,191	$8,973,146
11	$16,034,118	-$5,892,954 -$721,535	$9,419,629
12	$16,835,922	-$6,189,622 -$757,616	$9,888,684
13	$17,677,620	-$6,501,050 -$795,493	$10,381,077
14	$18,561,828	-$6,828,207 -$835,282	$10,898,339
15	$19,489,854	-$7,171,576 -$877,043	$11,441,235
16	$20,464,314	-$7,532,127 -$920,894	$12,011,293
17	$21,487,170	-$7,910,583 -$966,923	$12,609,664
18	$22,561,692	-$8,308,156 -$1,015,276	$13,238,260
19	$23,689,842	-$8,725,572 -$1,066,043	$13,898,227
20	$24,874,236	-$9,163,798 -$1,119,341	$14,591,097
21	$26,118,144	-$9,624,044 -$1,175,316	$15,318,784
22	$27,424,182	-$10,107,278 -$1,234,088	$16,082,816
23	$28,794,966	-$10,614,468 -$1,295,773	$16,884,725
24	$30,235,074	-$11,147,308 -$1,360,578	$17,727,188
25	$31,746,468	-$11,706,524 -$1,428,591	$18,611,353
26	$33,334,380	-$12,294,051 -$1,500,047	$19,540,282
27	$35,000,772	-$12,910,616 -$1,575,035	$20,515,121
28	$36,750,876	-$13,558,155 -$1,653,789	$21,538,932
29	$38,588,616	-$14,238,118 -$1,736,488	$22,614,010
30	$40,517,916	-$14,951,959 -$1,823,306	$23,742,651