USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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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 $20,300,000 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, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$14,478$251,243
2$376,429$101,297$15,057$260,074
3$391,486$106,567$15,659$269,259
4$407,146$112,048$16,286$278,812
5$423,431$117,748$16,937$288,746
6$440,369$123,676$17,615$299,078
7$457,983$129,841$18,319$309,823
8$476,303$136,253$19,052$320,997
9$495,355$142,921$19,814$332,619
10$515,169$149,856$20,607$344,706
11$535,776$157,069$21,431$357,276
12$557,207$164,570$22,288$370,349
13$579,495$172,371$23,180$383,945
14$602,675$180,484$24,107$398,085
15$626,782$188,930$25,071$412,781
16$651,853$198,206$26,074$427,573
17$677,927$207,853$27,117$442,957
18$705,045$217,887$28,202$458,956
19$733,246$228,321$29,330$475,595
20$762,576$239,173$30,503$492,900
21$793,079$250,460$31,723$510,897
22$824,802$262,197$32,992$529,613
23$857,795$274,404$34,312$549,079
24$892,106$287,100$35,684$569,322
25$927,791$300,303$37,112$590,376
26$964,902$314,034$38,596$612,272
27$1,003,498$328,315$40,140$635,044
28$1,043,638$343,166$41,746$658,726
29$1,085,384$358,612$43,415$683,356
30$1,128,799$374,676$45,152$708,971
Total$20,300,000$6,264,568$811,999$13,223,430

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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.