The jackpot for the Powerball draw on Wed Jun 4, 2025, is projected to be $30 Million, with an option for a cash payout of $13.4 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 Kentucky residents, the state will deduct 4.5% from your lottery earnings.
| Kentucky Powerball Jackpot/Cash Option for Wed Jun 4, 2025 |
|---|
| Draw Date | Wed Jun 4, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,400,000 | | Federal Tax(24%) | $3,216,000 | | Additional Federal Tax | $1,702,330 | | State Tax(4.5%) | $603,000 | | Net Lumpsum Payment | $7,878,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$20,319 |
$303,815 |
| 2 |
$474,120 |
$135,755
$21,335 |
$317,030 |
| 3 |
$497,820 |
$144,524
$22,402 |
$330,894 |
| 4 |
$522,720 |
$153,737
$23,522 |
$345,461 |
| 5 |
$548,850 |
$163,405
$24,698 |
$360,747 |
| 6 |
$576,300 |
$173,561
$25,934 |
$376,805 |
| 7 |
$605,100 |
$184,217
$27,230 |
$393,653 |
| 8 |
$635,370 |
$195,417
$28,592 |
$411,361 |
| 9 |
$667,140 |
$207,172
$30,021 |
$429,947 |
| 10 |
$700,500 |
$219,515
$31,523 |
$449,462 |
| 11 |
$735,510 |
$232,469
$33,098 |
$469,943 |
| 12 |
$772,290 |
$246,078
$34,753 |
$491,459 |
| 13 |
$810,900 |
$260,363
$36,491 |
$514,046 |
| 14 |
$851,460 |
$275,371
$38,316 |
$537,773 |
| 15 |
$894,030 |
$291,121
$40,231 |
$562,678 |
| 16 |
$938,730 |
$307,660
$42,243 |
$588,827 |
| 17 |
$985,650 |
$325,021
$44,354 |
$616,275 |
| 18 |
$1,034,940 |
$343,258
$46,572 |
$645,110 |
| 19 |
$1,086,690 |
$362,406
$48,901 |
$675,383 |
| 20 |
$1,141,020 |
$382,508
$51,346 |
$707,166 |
| 21 |
$1,198,080 |
$403,620
$53,914 |
$740,546 |
| 22 |
$1,257,990 |
$425,787
$56,610 |
$775,593 |
| 23 |
$1,320,870 |
$449,052
$59,439 |
$812,379 |
| 24 |
$1,386,930 |
$473,494
$62,412 |
$851,024 |
| 25 |
$1,456,260 |
$499,147
$65,532 |
$891,581 |
| 26 |
$1,529,100 |
$526,097
$68,810 |
$934,193 |
| 27 |
$1,605,540 |
$554,380
$72,249 |
$978,911 |
| 28 |
$1,685,820 |
$584,084
$75,862 |
$1,025,874 |
| 29 |
$1,770,120 |
$615,275
$79,655 |
$1,075,190 |
| 30 |
$1,858,620 |
$648,020
$83,638 |
$1,126,962 |
|
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