The jackpot for the Powerball draw on Mon Dec 29, 2025, is projected to be $33 Million, with an option for a cash payout of $15.2 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 Dec 29, 2025 |
|---|
| Draw Date | Mon Dec 29, 2025 | | Projected Jackpot | $33,000,000 | | Cash Value | $15,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,200,000 | | Federal Tax(24%) | $3,648,000 | | Additional Federal Tax | $1,936,330 | | State Tax(4.5%) | $684,000 | | Net Lumpsum Payment | $8,931,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$496,683 |
$144,103
$22,351 |
$330,229 |
| 2 |
$521,532 |
$153,297
$23,469 |
$344,766 |
| 3 |
$547,602 |
$162,943
$24,642 |
$360,017 |
| 4 |
$574,992 |
$173,077
$25,875 |
$376,040 |
| 5 |
$603,735 |
$183,712
$27,168 |
$392,855 |
| 6 |
$633,930 |
$194,884
$28,527 |
$410,519 |
| 7 |
$665,610 |
$206,606
$29,952 |
$429,052 |
| 8 |
$698,907 |
$218,926
$31,451 |
$448,530 |
| 9 |
$733,854 |
$231,856
$33,023 |
$468,975 |
| 10 |
$770,550 |
$245,434
$34,675 |
$490,441 |
| 11 |
$809,061 |
$259,683
$36,408 |
$512,970 |
| 12 |
$849,519 |
$274,652
$38,228 |
$536,639 |
| 13 |
$891,990 |
$290,367
$40,140 |
$561,483 |
| 14 |
$936,606 |
$306,875
$42,147 |
$587,584 |
| 15 |
$983,433 |
$324,201
$44,254 |
$614,978 |
| 16 |
$1,032,603 |
$342,393
$46,467 |
$643,743 |
| 17 |
$1,084,215 |
$361,490
$48,790 |
$673,935 |
| 18 |
$1,138,434 |
$381,551
$51,230 |
$705,653 |
| 19 |
$1,195,359 |
$402,613
$53,791 |
$738,955 |
| 20 |
$1,255,122 |
$424,726
$56,480 |
$773,916 |
| 21 |
$1,317,888 |
$447,949
$59,305 |
$810,634 |
| 22 |
$1,383,789 |
$472,332
$62,271 |
$849,186 |
| 23 |
$1,452,957 |
$497,924
$65,383 |
$889,650 |
| 24 |
$1,525,623 |
$524,811
$68,653 |
$932,159 |
| 25 |
$1,601,886 |
$553,028
$72,085 |
$976,773 |
| 26 |
$1,682,010 |
$582,674
$75,690 |
$1,023,646 |
| 27 |
$1,766,094 |
$613,785
$79,474 |
$1,072,835 |
| 28 |
$1,854,402 |
$646,459
$83,448 |
$1,124,495 |
| 29 |
$1,947,132 |
$680,769
$87,621 |
$1,178,742 |
| 30 |
$2,044,482 |
$716,789
$92,002 |
$1,235,691 |
|
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