The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(4.5%) | $2,835,000 | | Net Lumpsum Payment | $36,894,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$94,821 |
$1,272,347 |
| 2 |
$2,212,560 |
$778,978
$99,565 |
$1,334,017 |
| 3 |
$2,323,160 |
$819,900
$104,542 |
$1,398,718 |
| 4 |
$2,439,360 |
$862,894
$109,771 |
$1,466,695 |
| 5 |
$2,561,300 |
$908,011
$115,259 |
$1,538,030 |
| 6 |
$2,689,400 |
$955,408
$121,023 |
$1,612,969 |
| 7 |
$2,823,800 |
$1,005,136
$127,071 |
$1,691,593 |
| 8 |
$2,965,060 |
$1,057,403
$133,428 |
$1,774,229 |
| 9 |
$3,113,320 |
$1,112,259
$140,099 |
$1,860,962 |
| 10 |
$3,269,000 |
$1,169,860
$147,105 |
$1,952,035 |
| 11 |
$3,432,380 |
$1,230,311
$154,457 |
$2,047,612 |
| 12 |
$3,604,020 |
$1,293,818
$162,181 |
$2,148,021 |
| 13 |
$3,784,200 |
$1,360,484
$170,289 |
$2,253,427 |
| 14 |
$3,973,480 |
$1,430,518
$178,807 |
$2,364,155 |
| 15 |
$4,172,140 |
$1,504,022
$187,746 |
$2,480,372 |
| 16 |
$4,380,740 |
$1,581,204
$197,133 |
$2,602,403 |
| 17 |
$4,599,700 |
$1,662,219
$206,987 |
$2,730,494 |
| 18 |
$4,829,720 |
$1,747,327
$217,337 |
$2,865,056 |
| 19 |
$5,071,220 |
$1,836,682
$228,205 |
$3,006,333 |
| 20 |
$5,324,760 |
$1,930,492
$239,614 |
$3,154,654 |
| 21 |
$5,591,040 |
$2,029,015
$251,597 |
$3,310,428 |
| 22 |
$5,870,620 |
$2,132,460
$264,178 |
$3,473,982 |
| 23 |
$6,164,060 |
$2,241,033
$277,383 |
$3,645,644 |
| 24 |
$6,472,340 |
$2,355,096
$291,255 |
$3,825,989 |
| 25 |
$6,795,880 |
$2,474,806
$305,815 |
$4,015,259 |
| 26 |
$7,135,800 |
$2,600,576
$321,111 |
$4,214,113 |
| 27 |
$7,492,520 |
$2,732,563
$337,163 |
$4,422,794 |
| 28 |
$7,867,160 |
$2,871,180
$354,022 |
$4,641,958 |
| 29 |
$8,260,560 |
$3,016,738
$371,725 |
$4,872,097 |
| 30 |
$8,673,560 |
$3,169,548
$390,310 |
$5,113,702 |
|
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