The jackpot for the Powerball draw on Sat May 24, 2025, is projected to be $163 Million, with an option for a cash payout of $73.3 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 Kansas residents, the state will deduct 5% from your lottery earnings.
| Kansas Powerball Jackpot/Cash Option for Sat May 24, 2025 |
| Draw Date |
Sat May 24, 2025 |
| Projected Jackpot |
$163,000,000 |
| Cash Value |
$73,300,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$73,300,000 |
| Federal Tax(24%) |
$17,592,000 |
| Additional Federal Tax |
$9,489,330 |
| State Tax(5%) |
$3,665,000 |
| Net Lumpsum Payment |
$42,553,670 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,453,313 |
$868,056
$122,666 |
$1,462,591 |
| 2 |
$2,576,052 |
$913,470
$128,803 |
$1,533,779 |
| 3 |
$2,704,822 |
$961,115
$135,241 |
$1,608,466 |
| 4 |
$2,840,112 |
$1,011,172
$142,006 |
$1,686,934 |
| 5 |
$2,982,085 |
$1,063,702
$149,104 |
$1,769,279 |
| 6 |
$3,131,230 |
$1,118,885
$156,562 |
$1,855,783 |
| 7 |
$3,287,710 |
$1,176,783
$164,386 |
$1,946,541 |
| 8 |
$3,452,177 |
$1,237,636
$172,609 |
$2,041,932 |
| 9 |
$3,624,794 |
$1,301,504
$181,240 |
$2,142,050 |
| 10 |
$3,806,050 |
$1,368,569
$190,303 |
$2,247,178 |
| 11 |
$3,996,271 |
$1,438,951
$199,814 |
$2,357,506 |
| 12 |
$4,196,109 |
$1,512,891
$209,805 |
$2,473,413 |
| 13 |
$4,405,890 |
$1,590,510
$220,295 |
$2,595,085 |
| 14 |
$4,626,266 |
$1,672,049
$231,313 |
$2,722,904 |
| 15 |
$4,857,563 |
$1,757,629
$242,878 |
$2,857,056 |
| 16 |
$5,100,433 |
$1,847,491
$255,022 |
$2,997,920 |
| 17 |
$5,355,365 |
$1,941,815
$267,768 |
$3,145,782 |
| 18 |
$5,623,174 |
$2,040,905
$281,159 |
$3,301,110 |
| 19 |
$5,904,349 |
$2,144,940
$295,217 |
$3,464,192 |
| 20 |
$6,199,542 |
$2,254,161
$309,977 |
$3,635,404 |
| 21 |
$6,509,568 |
$2,368,871
$325,478 |
$3,815,219 |
| 22 |
$6,835,079 |
$2,489,310
$341,754 |
$4,004,015 |
| 23 |
$7,176,727 |
$2,615,719
$358,836 |
$4,202,172 |
| 24 |
$7,535,653 |
$2,748,522
$376,783 |
$4,410,348 |
| 25 |
$7,912,346 |
$2,887,898
$395,617 |
$4,628,831 |
| 26 |
$8,308,110 |
$3,034,331
$415,406 |
$4,858,373 |
| 27 |
$8,723,434 |
$3,188,001
$436,172 |
$5,099,261 |
| 28 |
$9,159,622 |
$3,349,391
$457,981 |
$5,352,250 |
| 29 |
$9,617,652 |
$3,518,862
$480,883 |
$5,617,907 |
| 30 |
$10,098,502 |
$3,696,776
$504,925 |
$5,896,801 |
|
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