The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(4.5%) | $8,068,500 | | Net Lumpsum Payment | $104,930,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$254,663 |
$3,350,287 |
| 2 |
$5,942,304 |
$2,158,983
$267,404 |
$3,515,917 |
| 3 |
$6,239,344 |
$2,268,888
$280,770 |
$3,689,686 |
| 4 |
$6,551,424 |
$2,384,357
$294,814 |
$3,872,253 |
| 5 |
$6,878,920 |
$2,505,531
$309,551 |
$4,063,838 |
| 6 |
$7,222,960 |
$2,632,826
$325,033 |
$4,265,101 |
| 7 |
$7,583,920 |
$2,766,381
$341,276 |
$4,476,263 |
| 8 |
$7,963,304 |
$2,906,753
$358,349 |
$4,698,202 |
| 9 |
$8,361,488 |
$3,054,081
$376,267 |
$4,931,140 |
| 10 |
$8,779,600 |
$3,208,782
$395,082 |
$5,175,736 |
| 11 |
$9,218,392 |
$3,371,135
$414,828 |
$5,432,429 |
| 12 |
$9,679,368 |
$3,541,697
$435,572 |
$5,702,099 |
| 13 |
$10,163,280 |
$3,720,744
$457,348 |
$5,985,188 |
| 14 |
$10,671,632 |
$3,908,834
$480,223 |
$6,282,575 |
| 15 |
$11,205,176 |
$4,106,246
$504,233 |
$6,594,697 |
| 16 |
$11,765,416 |
$4,313,534
$529,444 |
$6,922,438 |
| 17 |
$12,353,480 |
$4,531,118
$555,907 |
$7,266,455 |
| 18 |
$12,971,248 |
$4,759,692
$583,706 |
$7,627,850 |
| 19 |
$13,619,848 |
$4,999,674
$612,893 |
$8,007,281 |
| 20 |
$14,300,784 |
$5,251,620
$643,535 |
$8,405,629 |
| 21 |
$15,015,936 |
$5,516,227
$675,717 |
$8,823,992 |
| 22 |
$15,766,808 |
$5,794,049
$709,506 |
$9,263,253 |
| 23 |
$16,554,904 |
$6,085,645
$744,971 |
$9,724,288 |
| 24 |
$17,382,856 |
$6,391,987
$782,229 |
$10,208,640 |
| 25 |
$18,251,792 |
$6,713,493
$821,331 |
$10,716,968 |
| 26 |
$19,164,720 |
$7,051,277
$862,412 |
$11,251,031 |
| 27 |
$20,122,768 |
$7,405,755
$905,525 |
$11,811,488 |
| 28 |
$21,128,944 |
$7,778,040
$950,802 |
$12,400,102 |
| 29 |
$22,185,504 |
$8,168,967
$998,348 |
$13,018,189 |
| 30 |
$23,294,704 |
$8,579,371
$1,048,262 |
$13,667,071 |
|
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