USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for May 18, 2005

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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 $130,500,000 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 18, 2005
Jackpot:$130,500,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,326,828$819,114$93,073$1,414,641
2$2,419,901$853,551$96,796$1,469,554
3$2,516,697$889,366$100,668$1,526,664
4$2,617,365$926,613$104,695$1,586,058
5$2,722,060$965,350$108,882$1,647,827
6$2,830,942$1,005,636$113,238$1,712,068
7$2,944,180$1,047,534$117,767$1,778,878
8$3,061,947$1,091,108$122,478$1,848,361
9$3,184,425$1,136,425$127,377$1,920,623
10$3,311,802$1,183,554$132,472$1,995,775
11$3,444,274$1,232,569$137,771$2,073,934
12$3,582,045$1,283,544$143,282$2,155,219
13$3,725,326$1,336,559$149,013$2,239,755
14$3,874,340$1,391,693$154,974$2,327,673
15$4,029,313$1,449,034$161,173$2,419,107
16$4,190,486$1,508,667$167,619$2,514,199
17$4,358,105$1,570,687$174,324$2,613,094
18$4,532,429$1,635,187$181,297$2,715,946
19$4,713,726$1,702,267$188,549$2,822,911
20$4,902,276$1,772,030$196,091$2,934,155
21$5,098,367$1,844,583$203,935$3,049,849
22$5,302,301$1,920,039$212,092$3,170,170
23$5,514,393$1,998,513$220,576$3,295,304
24$5,734,969$2,080,126$229,399$3,425,444
25$5,964,368$2,165,004$238,575$3,560,789
26$6,202,942$2,253,276$248,118$3,701,548
27$6,451,060$2,345,080$258,042$3,847,938
28$6,709,103$2,440,556$268,364$4,000,183
29$6,977,467$2,539,850$279,099$4,158,518
30$7,256,565$2,643,117$290,263$4,323,186
Total$130,500,000$47,030,632$5,220,002$78,249,371

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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.