USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for May 14, 2005

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $112,000,000 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:Sat, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$695,900$79,879$1,221,193
2$2,076,850$725,455$83,074$1,268,321
3$2,159,924$756,192$86,397$1,317,335
4$2,246,321$788,159$89,853$1,368,309
5$2,336,174$821,405$93,447$1,421,322
6$2,429,621$855,980$97,185$1,476,456
7$2,526,806$891,938$101,072$1,533,795
8$2,627,878$929,335$105,115$1,593,428
9$2,732,993$968,228$109,320$1,655,446
10$2,842,313$1,008,676$113,693$1,719,944
11$2,956,005$1,050,742$118,240$1,787,023
12$3,074,245$1,094,491$122,970$1,856,784
13$3,197,215$1,139,990$127,889$1,929,337
14$3,325,104$1,187,309$133,004$2,004,791
15$3,458,108$1,236,520$138,324$2,083,263
16$3,596,432$1,287,700$143,857$2,164,875
17$3,740,289$1,340,927$149,612$2,249,751
18$3,889,901$1,396,284$155,596$2,338,021
19$4,045,497$1,453,854$161,820$2,429,823
20$4,207,317$1,513,728$168,293$2,525,297
21$4,375,610$1,575,996$175,024$2,624,589
22$4,550,634$1,640,755$182,025$2,727,854
23$4,732,659$1,708,104$189,306$2,835,249
24$4,921,966$1,778,148$196,879$2,946,940
25$5,118,844$1,850,993$204,754$3,063,098
26$5,323,598$1,926,752$212,944$3,183,903
27$5,536,542$2,005,541$221,462$3,309,540
28$5,758,004$2,087,482$230,320$3,440,202
29$5,988,324$2,172,700$239,533$3,576,091
30$6,227,857$2,261,327$249,114$3,717,415
Total$112,000,000$40,150,611$4,480,001$67,369,395

◄ Back to Jackpot Analysis

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.