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Kentucky Powerball Jackpot Annuity Payout Schedule for May 14, 2025

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $106,000,000 for a ticket purchased in Kentucky, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Kentucky

Drawing Date:Wed, May 14, 2025
Jackpot:$106,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,595,452$547,338$63,818$984,296
2$1,675,225$576,853$67,009$1,031,362
3$1,758,986$607,845$70,359$1,080,781
4$1,846,935$640,386$73,877$1,132,672
5$1,939,282$674,555$77,571$1,187,156
6$2,036,246$710,431$81,450$1,244,365
7$2,138,058$748,102$85,522$1,304,434
8$2,244,961$787,656$89,798$1,367,507
9$2,357,209$829,188$94,288$1,433,733
10$2,475,070$872,796$99,003$1,503,271
11$2,598,823$918,585$103,953$1,576,286
12$2,728,765$966,663$109,151$1,652,951
13$2,865,203$1,017,145$114,608$1,733,449
14$3,008,463$1,070,152$120,339$1,817,973
15$3,158,886$1,125,808$126,355$1,906,723
16$3,316,830$1,184,248$132,673$1,999,910
17$3,482,672$1,245,609$139,307$2,097,756
18$3,656,805$1,310,038$146,272$2,200,495
19$3,839,646$1,377,689$153,586$2,308,371
20$4,031,628$1,448,723$161,265$2,421,640
21$4,233,209$1,523,308$169,328$2,540,573
22$4,444,870$1,601,622$177,795$2,665,453
23$4,667,113$1,683,852$186,685$2,796,577
24$4,900,469$1,770,194$196,019$2,934,256
25$5,145,492$1,860,852$205,820$3,078,820
26$5,402,767$1,956,044$216,111$3,230,612
27$5,672,906$2,055,995$226,916$3,389,994
28$5,956,551$2,160,944$238,262$3,557,345
29$6,254,378$2,271,140$250,175$3,733,063
30$6,567,097$2,386,846$262,684$3,917,567
Total$106,000,000$37,930,607$4,239,999$63,829,391

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.