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 Kentucky residents, the state will deduct 4.5% from your lottery earnings.
| Kentucky 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(4.5%) |
$3,298,500 |
| Net Lumpsum Payment |
$42,920,170 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,453,313 |
$868,056
$110,399 |
$1,474,858 |
| 2 |
$2,576,052 |
$913,470
$115,922 |
$1,546,660 |
| 3 |
$2,704,822 |
$961,115
$121,717 |
$1,621,990 |
| 4 |
$2,840,112 |
$1,011,172
$127,805 |
$1,701,135 |
| 5 |
$2,982,085 |
$1,063,702
$134,194 |
$1,784,189 |
| 6 |
$3,131,230 |
$1,118,885
$140,905 |
$1,871,440 |
| 7 |
$3,287,710 |
$1,176,783
$147,947 |
$1,962,980 |
| 8 |
$3,452,177 |
$1,237,636
$155,348 |
$2,059,193 |
| 9 |
$3,624,794 |
$1,301,504
$163,116 |
$2,160,174 |
| 10 |
$3,806,050 |
$1,368,569
$171,272 |
$2,266,209 |
| 11 |
$3,996,271 |
$1,438,951
$179,832 |
$2,377,488 |
| 12 |
$4,196,109 |
$1,512,891
$188,825 |
$2,494,393 |
| 13 |
$4,405,890 |
$1,590,510
$198,265 |
$2,617,115 |
| 14 |
$4,626,266 |
$1,672,049
$208,182 |
$2,746,035 |
| 15 |
$4,857,563 |
$1,757,629
$218,590 |
$2,881,344 |
| 16 |
$5,100,433 |
$1,847,491
$229,519 |
$3,023,423 |
| 17 |
$5,355,365 |
$1,941,815
$240,991 |
$3,172,559 |
| 18 |
$5,623,174 |
$2,040,905
$253,043 |
$3,329,226 |
| 19 |
$5,904,349 |
$2,144,940
$265,696 |
$3,493,713 |
| 20 |
$6,199,542 |
$2,254,161
$278,979 |
$3,666,402 |
| 21 |
$6,509,568 |
$2,368,871
$292,931 |
$3,847,766 |
| 22 |
$6,835,079 |
$2,489,310
$307,579 |
$4,038,190 |
| 23 |
$7,176,727 |
$2,615,719
$322,953 |
$4,238,055 |
| 24 |
$7,535,653 |
$2,748,522
$339,104 |
$4,448,027 |
| 25 |
$7,912,346 |
$2,887,898
$356,056 |
$4,668,392 |
| 26 |
$8,308,110 |
$3,034,331
$373,865 |
$4,899,914 |
| 27 |
$8,723,434 |
$3,188,001
$392,555 |
$5,142,878 |
| 28 |
$9,159,622 |
$3,349,391
$412,183 |
$5,398,048 |
| 29 |
$9,617,652 |
$3,518,862
$432,794 |
$5,665,996 |
| 30 |
$10,098,502 |
$3,696,776
$454,433 |
$5,947,293 |
|
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