Kentucky Lottery

KYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(4.5%)	$1,831,500
Net Lumpsum Payment	$23,849,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$60,957	$832,104
2	$1,422,360	-$486,604 -$64,006	$871,750
3	$1,493,460	-$512,911 -$67,206	$913,343
4	$1,568,160	-$540,550 -$70,567	$957,043
5	$1,646,550	-$569,554 -$74,095	$1,002,901
6	$1,728,900	-$600,023 -$77,801	$1,051,076
7	$1,815,300	-$631,991 -$81,689	$1,101,620
8	$1,906,110	-$665,591 -$85,775	$1,154,744
9	$2,001,420	-$700,856 -$90,064	$1,210,500
10	$2,101,500	-$737,885 -$94,568	$1,269,047
11	$2,206,530	-$776,746 -$99,294	$1,330,490
12	$2,316,870	-$817,572 -$104,259	$1,395,039
13	$2,432,700	-$860,429 -$109,472	$1,462,799
14	$2,554,380	-$905,451 -$114,947	$1,533,982
15	$2,682,090	-$952,704 -$120,694	$1,608,692
16	$2,816,190	-$1,002,321 -$126,729	$1,687,140
17	$2,956,950	-$1,054,402 -$133,063	$1,769,485
18	$3,104,820	-$1,109,114 -$139,717	$1,855,989
19	$3,260,070	-$1,166,556 -$146,703	$1,946,811
20	$3,423,060	-$1,226,863 -$154,038	$2,042,159
21	$3,594,240	-$1,290,199 -$161,741	$2,142,300
22	$3,773,970	-$1,356,699 -$169,829	$2,247,442
23	$3,962,610	-$1,426,496 -$178,317	$2,357,797
24	$4,160,790	-$1,499,823 -$187,236	$2,473,731
25	$4,368,780	-$1,576,779 -$196,595	$2,595,406
26	$4,587,300	-$1,657,631 -$206,429	$2,723,240
27	$4,816,620	-$1,742,480 -$216,748	$2,857,392
28	$5,057,460	-$1,831,591 -$227,586	$2,998,283
29	$5,310,360	-$1,925,164 -$238,966	$3,146,230
30	$5,575,860	-$2,023,399 -$250,914	$3,301,547