USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Sep 30, 1992

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The tax information provided here is based on 2026 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 $14,300,000 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, Sep 30, 1992
Jackpot:$14,300,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$254,970$58,047$8,924$188,000
2$265,169$61,578$9,281$194,310
3$275,776$65,291$9,652$200,833
4$286,807$69,152$10,038$207,617
5$298,279$73,167$10,440$214,673
6$310,210$77,343$10,857$222,010
7$322,619$81,686$11,292$229,641
8$335,524$86,203$11,743$237,578
9$348,945$90,900$12,213$245,832
10$362,902$95,785$12,702$254,416
11$377,419$100,866$13,210$263,343
12$392,515$106,150$13,738$272,628
13$408,216$111,645$14,288$282,283
14$424,544$117,360$14,859$292,326
15$441,526$123,303$15,453$302,769
16$459,187$129,485$16,072$313,631
17$477,555$135,913$16,714$324,927
18$496,657$142,599$17,383$336,675
19$516,523$149,552$18,078$348,893
20$537,184$156,784$18,801$361,599
21$558,672$164,304$19,554$374,814
22$581,018$172,126$20,336$388,557
23$604,259$180,260$21,149$402,850
24$628,430$188,720$21,995$417,715
25$653,567$197,777$22,875$432,915
26$679,709$207,450$23,790$448,470
27$706,898$217,509$24,741$464,647
28$735,174$227,972$25,731$481,471
29$764,581$238,852$26,760$498,968
30$795,164$250,168$27,831$517,165
Total$14,300,000$4,077,947$500,500$9,721,556

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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.