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Kentucky Powerball Jackpot Annuity Payout Schedule for Oct 22, 2011

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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 $148,600,000 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, Oct 22, 2011
Jackpot:$148,600,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,649,553$938,522$105,982$1,605,048
2$2,755,535$977,736$110,221$1,667,578
3$2,865,756$1,018,518$114,630$1,732,608
4$2,980,386$1,060,931$119,215$1,800,240
5$3,099,602$1,105,040$123,984$1,870,577
6$3,223,586$1,150,915$128,943$1,943,728
7$3,352,529$1,198,624$134,101$2,019,805
8$3,486,631$1,248,241$139,465$2,098,924
9$3,626,096$1,299,843$145,044$2,181,209
10$3,771,140$1,353,509$150,846$2,266,785
11$3,921,985$1,409,322$156,879$2,355,784
12$4,078,865$1,467,368$163,155$2,448,342
13$4,242,019$1,527,735$169,681$2,544,604
14$4,411,700$1,590,517$176,468$2,644,715
15$4,588,168$1,655,810$183,527$2,748,831
16$4,771,695$1,723,715$190,868$2,857,112
17$4,962,563$1,794,336$198,503$2,969,724
18$5,161,065$1,867,782$206,443$3,086,841
19$5,367,508$1,944,166$214,700$3,208,642
20$5,582,208$2,023,605$223,288$3,335,315
21$5,805,496$2,106,221$232,220$3,467,055
22$6,037,716$2,192,143$241,509$3,604,065
23$6,279,225$2,281,501$251,169$3,746,555
24$6,530,394$2,374,433$261,216$3,894,745
25$6,791,610$2,471,083$271,664$4,048,862
26$7,063,274$2,571,599$282,531$4,209,144
27$7,345,805$2,676,136$293,832$4,375,837
28$7,639,637$2,784,853$305,585$4,549,198
29$7,945,223$2,897,920$317,809$4,729,494
30$8,263,031$3,015,509$330,521$4,917,001
Total$148,600,000$53,727,633$5,943,999$88,928,368

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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.