Jackpot Analysis Kentucky Powerball

Jackpot Analysis for Kentucky Powerball
The jackpot for the Powerball draw on Wed Apr 2, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Apr 2, 2025
Draw DateWed Apr 2, 2025
Projected Jackpot$30,000,000
Cash Value$13,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$13,900,000
Federal Tax(24%)$3,336,000
Additional Federal Tax$1,767,330
State Tax(4.5%)$625,500
Net Lumpsum Payment$8,171,170
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