The jackpot for the Powerball draw on Sat Apr 19, 2025, is projected to be $131 Million, with an option for a cash payout of $58.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Kansas residents, the state will deduct 5% from your lottery earnings.
Kansas Powerball Jackpot/Cash Option for Sat Apr 19, 2025 |
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Draw Date | Sat Apr 19, 2025 | Projected Jackpot | $131,000,000 | Cash Value | $58,600,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $58,600,000 | Federal Tax(24%) | $14,064,000 | Additional Federal Tax | $7,578,330 | State Tax(5%) | $2,930,000 | Net Lumpsum Payment | $34,027,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,971,681 |
$689,852 $98,584 |
$1,183,245 |
2 |
$2,070,324 |
$726,350 $103,516 |
$1,240,458 |
3 |
$2,173,814 |
$764,642 $108,691 |
$1,300,481 |
4 |
$2,282,544 |
$804,872 $114,127 |
$1,363,545 |
5 |
$2,396,645 |
$847,089 $119,832 |
$1,429,724 |
6 |
$2,516,510 |
$891,439 $125,826 |
$1,499,245 |
7 |
$2,642,270 |
$937,970 $132,114 |
$1,572,186 |
8 |
$2,774,449 |
$986,877 $138,722 |
$1,648,850 |
9 |
$2,913,178 |
$1,038,206 $145,659 |
$1,729,313 |
10 |
$3,058,850 |
$1,092,105 $152,943 |
$1,813,802 |
11 |
$3,211,727 |
$1,148,669 $160,586 |
$1,902,472 |
12 |
$3,372,333 |
$1,208,094 $168,617 |
$1,995,622 |
13 |
$3,540,930 |
$1,270,474 $177,047 |
$2,093,409 |
14 |
$3,718,042 |
$1,336,006 $185,902 |
$2,196,134 |
15 |
$3,903,931 |
$1,404,785 $195,197 |
$2,303,949 |
16 |
$4,099,121 |
$1,477,005 $204,956 |
$2,417,160 |
17 |
$4,304,005 |
$1,552,812 $215,200 |
$2,535,993 |
18 |
$4,519,238 |
$1,632,448 $225,962 |
$2,660,828 |
19 |
$4,745,213 |
$1,716,059 $237,261 |
$2,791,893 |
20 |
$4,982,454 |
$1,803,838 $249,123 |
$2,929,493 |
21 |
$5,231,616 |
$1,896,028 $261,581 |
$3,074,007 |
22 |
$5,493,223 |
$1,992,823 $274,661 |
$3,225,739 |
23 |
$5,767,799 |
$2,094,416 $288,390 |
$3,384,993 |
24 |
$6,056,261 |
$2,201,147 $302,813 |
$3,552,301 |
25 |
$6,359,002 |
$2,313,161 $317,950 |
$3,727,891 |
26 |
$6,677,070 |
$2,430,846 $333,854 |
$3,912,370 |
27 |
$7,010,858 |
$2,554,348 $350,543 |
$4,105,967 |
28 |
$7,361,414 |
$2,684,054 $368,071 |
$4,309,289 |
29 |
$7,729,524 |
$2,820,254 $386,476 |
$4,522,794 |
30 |
$8,115,974 |
$2,963,241 $405,799 |
$4,746,934 |
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