The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(4.5%) | $3,469,500 | | Net Lumpsum Payment | $45,143,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$113,786 |
$1,518,881 |
| 2 |
$2,655,072 |
$942,707
$119,478 |
$1,592,887 |
| 3 |
$2,787,792 |
$991,813
$125,451 |
$1,670,528 |
| 4 |
$2,927,232 |
$1,043,406
$131,725 |
$1,752,101 |
| 5 |
$3,073,560 |
$1,097,548
$138,310 |
$1,837,702 |
| 6 |
$3,227,280 |
$1,154,424
$145,228 |
$1,927,628 |
| 7 |
$3,388,560 |
$1,214,098
$152,485 |
$2,021,977 |
| 8 |
$3,558,072 |
$1,276,817
$160,113 |
$2,121,142 |
| 9 |
$3,735,984 |
$1,342,644
$168,119 |
$2,225,221 |
| 10 |
$3,922,800 |
$1,411,766
$176,526 |
$2,334,508 |
| 11 |
$4,118,856 |
$1,484,307
$185,349 |
$2,449,200 |
| 12 |
$4,324,824 |
$1,560,515
$194,617 |
$2,569,692 |
| 13 |
$4,541,040 |
$1,640,515
$204,347 |
$2,696,178 |
| 14 |
$4,768,176 |
$1,724,556
$214,568 |
$2,829,052 |
| 15 |
$5,006,568 |
$1,812,761
$225,296 |
$2,968,511 |
| 16 |
$5,256,888 |
$1,905,379
$236,560 |
$3,114,949 |
| 17 |
$5,519,640 |
$2,002,597
$248,384 |
$3,268,659 |
| 18 |
$5,795,664 |
$2,104,726
$260,805 |
$3,430,133 |
| 19 |
$6,085,464 |
$2,211,952
$273,846 |
$3,599,666 |
| 20 |
$6,389,712 |
$2,324,524
$287,537 |
$3,777,651 |
| 21 |
$6,709,248 |
$2,442,752
$301,916 |
$3,964,580 |
| 22 |
$7,044,744 |
$2,566,886
$317,013 |
$4,160,845 |
| 23 |
$7,396,872 |
$2,697,173
$332,859 |
$4,366,840 |
| 24 |
$7,766,808 |
$2,834,049
$349,506 |
$4,583,253 |
| 25 |
$8,155,056 |
$2,977,701
$366,978 |
$4,810,377 |
| 26 |
$8,562,960 |
$3,128,626
$385,333 |
$5,049,001 |
| 27 |
$8,991,024 |
$3,287,009
$404,596 |
$5,299,419 |
| 28 |
$9,440,592 |
$3,453,349
$424,827 |
$5,562,416 |
| 29 |
$9,912,672 |
$3,628,019
$446,070 |
$5,838,583 |
| 30 |
$10,408,272 |
$3,811,391
$468,372 |
$6,128,509 |
|
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