The jackpot for the Powerball draw on Sat May 10, 2025, is projected to be $82 Million, with an option for a cash payout of $37.7 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 May 10, 2025 |
|---|
| Draw Date | Sat May 10, 2025 | | Projected Jackpot | $82,000,000 | | Cash Value | $37,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,700,000 | | Federal Tax(24%) | $9,048,000 | | Additional Federal Tax | $4,861,330 | | State Tax(5%) | $1,885,000 | | Net Lumpsum Payment | $21,905,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,234,182 |
$416,978
$61,709 |
$755,495 |
| 2 |
$1,295,928 |
$439,824
$64,796 |
$791,308 |
| 3 |
$1,360,708 |
$463,792
$68,035 |
$828,881 |
| 4 |
$1,428,768 |
$488,975
$71,438 |
$868,355 |
| 5 |
$1,500,190 |
$515,401
$75,010 |
$909,779 |
| 6 |
$1,575,220 |
$543,162
$78,761 |
$953,297 |
| 7 |
$1,653,940 |
$572,288
$82,697 |
$998,955 |
| 8 |
$1,736,678 |
$602,901
$86,834 |
$1,046,943 |
| 9 |
$1,823,516 |
$635,031
$91,176 |
$1,097,309 |
| 10 |
$1,914,700 |
$668,769
$95,735 |
$1,150,196 |
| 11 |
$2,010,394 |
$704,176
$100,520 |
$1,205,698 |
| 12 |
$2,110,926 |
$741,373
$105,546 |
$1,264,007 |
| 13 |
$2,216,460 |
$780,421
$110,823 |
$1,325,216 |
| 14 |
$2,327,324 |
$821,440
$116,366 |
$1,389,518 |
| 15 |
$2,443,682 |
$864,493
$122,184 |
$1,457,005 |
| 16 |
$2,565,862 |
$909,699
$128,293 |
$1,527,870 |
| 17 |
$2,694,110 |
$957,151
$134,706 |
$1,602,253 |
| 18 |
$2,828,836 |
$1,007,000
$141,442 |
$1,680,394 |
| 19 |
$2,970,286 |
$1,059,336
$148,514 |
$1,762,436 |
| 20 |
$3,118,788 |
$1,114,282
$155,939 |
$1,848,567 |
| 21 |
$3,274,752 |
$1,171,989
$163,738 |
$1,939,025 |
| 22 |
$3,438,506 |
$1,232,578
$171,925 |
$2,034,003 |
| 23 |
$3,610,378 |
$1,296,170
$180,519 |
$2,133,689 |
| 24 |
$3,790,942 |
$1,362,979
$189,547 |
$2,238,416 |
| 25 |
$3,980,444 |
$1,433,095
$199,022 |
$2,348,327 |
| 26 |
$4,179,540 |
$1,506,760
$208,977 |
$2,463,803 |
| 27 |
$4,388,476 |
$1,584,067
$219,424 |
$2,584,985 |
| 28 |
$4,607,908 |
$1,665,256
$230,395 |
$2,712,257 |
| 29 |
$4,838,328 |
$1,750,512
$241,916 |
$2,845,900 |
| 30 |
$5,080,228 |
$1,840,015
$254,011 |
$2,986,202 |
|
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