The jackpot for the Powerball draw on Sat Mar 1, 2025, is projected to be $272 Million, with an option for a cash payout of $124.4 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 Sat Mar 1, 2025 |
|---|
| Draw Date | Sat Mar 1, 2025 | | Projected Jackpot | $272,000,000 | | Cash Value | $124,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,400,000 | | Federal Tax(24%) | $29,856,000 | | Additional Federal Tax | $16,132,330 | | State Tax(4.5%) | $5,598,000 | | Net Lumpsum Payment | $72,813,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,093,872 |
$1,475,063
$184,224 |
$2,434,585 |
| 2 |
$4,298,688 |
$1,550,845
$193,441 |
$2,554,402 |
| 3 |
$4,513,568 |
$1,630,351
$203,111 |
$2,680,106 |
| 4 |
$4,739,328 |
$1,713,882
$213,270 |
$2,812,176 |
| 5 |
$4,976,240 |
$1,801,539
$223,931 |
$2,950,770 |
| 6 |
$5,225,120 |
$1,893,625
$235,130 |
$3,096,365 |
| 7 |
$5,486,240 |
$1,990,239
$246,881 |
$3,249,120 |
| 8 |
$5,760,688 |
$2,091,785
$259,231 |
$3,409,672 |
| 9 |
$6,048,736 |
$2,198,363
$272,193 |
$3,578,180 |
| 10 |
$6,351,200 |
$2,310,274
$285,804 |
$3,755,122 |
| 11 |
$6,668,624 |
$2,427,721
$300,088 |
$3,940,815 |
| 12 |
$7,002,096 |
$2,551,106
$315,094 |
$4,135,896 |
| 13 |
$7,352,160 |
$2,680,630
$330,847 |
$4,340,683 |
| 14 |
$7,719,904 |
$2,816,695
$347,396 |
$4,555,813 |
| 15 |
$8,105,872 |
$2,959,503
$364,764 |
$4,781,605 |
| 16 |
$8,511,152 |
$3,109,457
$383,002 |
$5,018,693 |
| 17 |
$8,936,560 |
$3,266,858
$402,145 |
$5,267,557 |
| 18 |
$9,383,456 |
$3,432,209
$422,256 |
$5,528,991 |
| 19 |
$9,852,656 |
$3,605,813
$443,370 |
$5,803,473 |
| 20 |
$10,345,248 |
$3,788,072
$465,536 |
$6,091,640 |
| 21 |
$10,862,592 |
$3,979,489
$488,817 |
$6,394,286 |
| 22 |
$11,405,776 |
$4,180,468
$513,260 |
$6,712,048 |
| 23 |
$11,975,888 |
$4,391,409
$538,915 |
$7,045,564 |
| 24 |
$12,574,832 |
$4,613,018
$565,867 |
$7,395,947 |
| 25 |
$13,203,424 |
$4,845,597
$594,154 |
$7,763,673 |
| 26 |
$13,863,840 |
$5,089,951
$623,873 |
$8,150,016 |
| 27 |
$14,556,896 |
$5,346,382
$655,060 |
$8,555,454 |
| 28 |
$15,284,768 |
$5,615,695
$687,815 |
$8,981,258 |
| 29 |
$16,049,088 |
$5,898,493
$722,209 |
$9,428,386 |
| 30 |
$16,851,488 |
$6,195,381
$758,317 |
$9,897,790 |
|
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