Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 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 Jul 7, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 7, 2025	$203,000,000	$92,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$92,500,000
Federal Tax(24%)	$22,200,000
Additional Federal Tax	$11,985,330
State Tax(4.5%)	$4,162,500
Net Lumpsum Payment	$54,152,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,055,353	-$1,090,811 -$137,491	$1,827,051
2	$3,208,212	-$1,147,369 -$144,370	$1,916,473
3	$3,368,582	-$1,206,706 -$151,586	$2,010,290
4	$3,537,072	-$1,269,047 -$159,168	$2,108,857
5	$3,713,885	-$1,334,468 -$167,125	$2,212,292
6	$3,899,630	-$1,403,193 -$175,483	$2,320,954
7	$4,094,510	-$1,475,299 -$184,253	$2,434,958
8	$4,299,337	-$1,551,085 -$193,470	$2,554,782
9	$4,514,314	-$1,630,627 -$203,144	$2,680,543
10	$4,740,050	-$1,714,149 -$213,302	$2,812,599
11	$4,976,951	-$1,801,802 -$223,963	$2,951,186
12	$5,225,829	-$1,893,887 -$235,162	$3,096,780
13	$5,487,090	-$1,990,554 -$246,919	$3,249,617
14	$5,761,546	-$2,092,102 -$259,270	$3,410,174
15	$6,049,603	-$2,198,683 -$272,232	$3,578,688
16	$6,352,073	-$2,310,597 -$285,843	$3,755,633
17	$6,669,565	-$2,428,069 -$300,130	$3,941,366
18	$7,003,094	-$2,551,475 -$315,139	$4,136,480
19	$7,353,269	-$2,681,040 -$330,897	$4,341,332
20	$7,720,902	-$2,817,064 -$347,441	$4,556,397
21	$8,107,008	-$2,959,923 -$364,815	$4,782,270
22	$8,512,399	-$3,109,918 -$383,058	$5,019,423
23	$8,937,887	-$3,267,349 -$402,205	$5,268,333
24	$9,384,893	-$3,432,741 -$422,320	$5,529,832
25	$9,854,026	-$3,606,320 -$443,431	$5,804,275
26	$10,346,910	-$3,788,687 -$465,611	$6,092,612
27	$10,864,154	-$3,980,067 -$488,887	$6,395,200
28	$11,407,382	-$4,181,062 -$513,332	$6,712,988
29	$11,977,812	-$4,392,121 -$539,002	$7,046,689
30	$12,576,662	-$4,613,695 -$565,950	$7,397,017