The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(4.5%) | $3,339,000 | | Net Lumpsum Payment | $43,446,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$109,722 |
$1,466,053 |
| 2 |
$2,560,248 |
$907,622
$115,211 |
$1,537,415 |
| 3 |
$2,688,228 |
$954,975
$120,970 |
$1,612,283 |
| 4 |
$2,822,688 |
$1,004,725
$127,021 |
$1,690,942 |
| 5 |
$2,963,790 |
$1,056,933
$133,371 |
$1,773,486 |
| 6 |
$3,112,020 |
$1,111,778
$140,041 |
$1,860,201 |
| 7 |
$3,267,540 |
$1,169,320
$147,039 |
$1,951,181 |
| 8 |
$3,430,998 |
$1,229,800
$154,395 |
$2,046,803 |
| 9 |
$3,602,556 |
$1,293,276
$162,115 |
$2,147,165 |
| 10 |
$3,782,700 |
$1,359,929
$170,222 |
$2,252,549 |
| 11 |
$3,971,754 |
$1,429,879
$178,729 |
$2,363,146 |
| 12 |
$4,170,366 |
$1,503,366
$187,666 |
$2,479,334 |
| 13 |
$4,378,860 |
$1,580,509
$197,049 |
$2,601,302 |
| 14 |
$4,597,884 |
$1,661,547
$206,905 |
$2,729,432 |
| 15 |
$4,827,762 |
$1,746,602
$217,249 |
$2,863,911 |
| 16 |
$5,069,142 |
$1,835,913
$228,111 |
$3,005,118 |
| 17 |
$5,322,510 |
$1,929,659
$239,513 |
$3,153,338 |
| 18 |
$5,588,676 |
$2,028,141
$251,490 |
$3,309,045 |
| 19 |
$5,868,126 |
$2,131,537
$264,066 |
$3,472,523 |
| 20 |
$6,161,508 |
$2,240,088
$277,268 |
$3,644,152 |
| 21 |
$6,469,632 |
$2,354,094
$291,133 |
$3,824,405 |
| 22 |
$6,793,146 |
$2,473,794
$305,692 |
$4,013,660 |
| 23 |
$7,132,698 |
$2,599,429
$320,971 |
$4,212,298 |
| 24 |
$7,489,422 |
$2,731,417
$337,024 |
$4,420,981 |
| 25 |
$7,863,804 |
$2,869,938
$353,871 |
$4,639,995 |
| 26 |
$8,257,140 |
$3,015,472
$371,571 |
$4,870,097 |
| 27 |
$8,669,916 |
$3,168,199
$390,146 |
$5,111,571 |
| 28 |
$9,103,428 |
$3,328,599
$409,654 |
$5,365,175 |
| 29 |
$9,558,648 |
$3,497,030
$430,139 |
$5,631,479 |
| 30 |
$10,036,548 |
$3,673,853
$451,645 |
$5,911,050 |
|
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