The jackpot for the Powerball draw on Sat Aug 16, 2025, is projected to be $565 Million, with an option for a cash payout of $258.8 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 Aug 16, 2025 |
|---|
| Draw Date | Sat Aug 16, 2025 | | Projected Jackpot | $565,000,000 | | Cash Value | $258,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $258,800,000 | | Federal Tax(24%) | $62,112,000 | | Additional Federal Tax | $33,604,330 | | State Tax(4.5%) | $11,646,000 | | Net Lumpsum Payment | $151,437,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,503,815 |
$3,106,742
$382,672 |
$5,014,401 |
| 2 |
$8,929,260 |
$3,264,157
$401,817 |
$5,263,286 |
| 3 |
$9,375,610 |
$3,429,306
$421,902 |
$5,524,402 |
| 4 |
$9,844,560 |
$3,602,818
$443,005 |
$5,798,737 |
| 5 |
$10,336,675 |
$3,784,900
$465,150 |
$6,086,625 |
| 6 |
$10,853,650 |
$3,976,181
$488,414 |
$6,389,055 |
| 7 |
$11,396,050 |
$4,176,869
$512,822 |
$6,706,359 |
| 8 |
$11,966,135 |
$4,387,800
$538,476 |
$7,039,859 |
| 9 |
$12,564,470 |
$4,609,184
$565,401 |
$7,389,885 |
| 10 |
$13,192,750 |
$4,841,648
$593,674 |
$7,757,428 |
| 11 |
$13,852,105 |
$5,085,609
$623,345 |
$8,143,151 |
| 12 |
$14,544,795 |
$5,341,905
$654,516 |
$8,548,374 |
| 13 |
$15,271,950 |
$5,610,952
$687,238 |
$8,973,760 |
| 14 |
$16,035,830 |
$5,893,587
$721,612 |
$9,420,631 |
| 15 |
$16,837,565 |
$6,190,229
$757,690 |
$9,889,646 |
| 16 |
$17,679,415 |
$6,501,714
$795,574 |
$10,382,127 |
| 17 |
$18,563,075 |
$6,828,668
$835,338 |
$10,899,069 |
| 18 |
$19,491,370 |
$7,172,137
$877,112 |
$11,442,121 |
| 19 |
$20,465,995 |
$7,532,749
$920,970 |
$12,012,276 |
| 20 |
$21,489,210 |
$7,911,338
$967,014 |
$12,610,858 |
| 21 |
$22,563,840 |
$8,308,951
$1,015,373 |
$13,239,516 |
| 22 |
$23,692,145 |
$8,726,424
$1,066,147 |
$13,899,574 |
| 23 |
$24,876,385 |
$9,164,593
$1,119,437 |
$14,592,355 |
| 24 |
$26,120,515 |
$9,624,921
$1,175,423 |
$15,320,171 |
| 25 |
$27,426,230 |
$10,108,035
$1,234,180 |
$16,084,015 |
| 26 |
$28,798,050 |
$10,615,609
$1,295,912 |
$16,886,529 |
| 27 |
$30,237,670 |
$11,148,268
$1,360,695 |
$17,728,707 |
| 28 |
$31,749,610 |
$11,707,686
$1,428,732 |
$18,613,192 |
| 29 |
$33,337,260 |
$12,295,117
$1,500,177 |
$19,541,966 |
| 30 |
$35,004,010 |
$12,911,814
$1,575,180 |
$20,517,016 |
|
|
