Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(4.5%)	$8,707,500
Net Lumpsum Payment	$113,237,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$288,528	$3,790,529
2	$6,732,504	-$2,451,357 -$302,963	$3,978,184
3	$7,069,044	-$2,575,877 -$318,107	$4,175,060
4	$7,422,624	-$2,706,701 -$334,018	$4,381,905
5	$7,793,670	-$2,843,988 -$350,715	$4,598,967
6	$8,183,460	-$2,988,211 -$368,256	$4,826,993
7	$8,592,420	-$3,139,526 -$386,659	$5,066,235
8	$9,022,254	-$3,298,564 -$406,001	$5,317,689
9	$9,473,388	-$3,465,484 -$426,302	$5,581,602
10	$9,947,100	-$3,640,757 -$447,620	$5,858,723
11	$10,444,242	-$3,824,700 -$469,991	$6,149,551
12	$10,966,518	-$4,017,942 -$493,493	$6,455,083
13	$11,514,780	-$4,220,799 -$518,165	$6,775,816
14	$12,090,732	-$4,433,901 -$544,083	$7,112,748
15	$12,695,226	-$4,657,564 -$571,285	$7,466,377
16	$13,329,966	-$4,892,418 -$599,848	$7,837,700
17	$13,996,230	-$5,138,935 -$629,830	$8,227,465
18	$14,696,148	-$5,397,905 -$661,327	$8,636,916
19	$15,430,998	-$5,669,800 -$694,395	$9,066,803
20	$16,202,484	-$5,955,249 -$729,112	$9,518,123
21	$17,012,736	-$6,255,043 -$765,573	$9,992,120
22	$17,863,458	-$6,569,810 -$803,856	$10,489,792
23	$18,756,354	-$6,900,181 -$844,036	$11,012,137
24	$19,694,406	-$7,247,261 -$886,248	$11,560,897
25	$20,678,892	-$7,611,520 -$930,550	$12,136,822
26	$21,713,220	-$7,994,222 -$977,095	$12,741,903
27	$22,798,668	-$8,395,838 -$1,025,940	$13,376,890
28	$23,938,644	-$8,817,629 -$1,077,239	$14,043,776
29	$25,135,704	-$9,260,541 -$1,131,107	$14,744,056
30	$26,392,404	-$9,725,520 -$1,187,658	$15,479,226