USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Sep 22, 2001

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The tax information provided here is based on 2024 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 $42,900,000 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:Sat, Sep 22, 2001
Jackpot:$42,900,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$764,911$241,205$30,596$493,110
2$795,508$252,526$31,820$511,162
3$827,328$264,299$33,093$529,936
4$860,421$276,544$34,417$549,461
5$894,838$289,278$35,794$569,767
6$930,631$302,521$37,225$590,885
7$967,857$316,295$38,714$612,848
8$1,006,571$330,619$40,263$635,689
9$1,046,834$345,516$41,873$659,444
10$1,088,707$361,009$43,548$684,150
11$1,132,256$377,122$45,290$709,843
12$1,177,546$393,880$47,102$736,564
13$1,224,648$411,307$48,986$764,354
14$1,273,633$429,432$50,945$793,256
15$1,324,579$448,282$52,983$823,314
16$1,377,562$467,886$55,102$854,574
17$1,432,664$488,274$57,307$887,084
18$1,489,971$509,477$59,599$920,895
19$1,549,570$531,529$61,983$956,058
20$1,611,553$554,462$64,462$992,628
21$1,676,015$578,313$67,041$1,030,661
22$1,743,055$603,118$69,722$1,070,215
23$1,812,778$628,915$72,511$1,111,351
24$1,885,289$655,745$75,412$1,154,133
25$1,960,700$683,647$78,428$1,198,625
26$2,039,128$712,665$81,565$1,244,898
27$2,120,693$742,844$84,828$1,293,021
28$2,205,521$774,231$88,221$1,343,070
29$2,293,742$806,872$91,750$1,395,120
30$2,385,492$840,820$95,420$1,449,252
Total$42,900,000$14,618,633$1,716,000$26,565,368

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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.