USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Oct 29, 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 $209,200,000 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 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,338,309$149,202$2,242,546
2$3,879,259$1,393,514$155,170$2,330,575
3$4,034,429$1,450,927$161,377$2,422,126
4$4,195,807$1,510,636$167,832$2,517,338
5$4,363,639$1,572,734$174,546$2,616,359
6$4,538,184$1,637,316$181,527$2,719,341
7$4,719,712$1,704,481$188,788$2,826,442
8$4,908,500$1,774,333$196,340$2,937,827
9$5,104,840$1,846,979$204,194$3,053,668
10$5,309,034$1,922,530$212,361$3,174,142
11$5,521,395$2,001,104$220,856$3,299,435
12$5,742,251$2,082,821$229,690$3,429,740
13$5,971,941$2,167,806$238,878$3,565,257
14$6,210,819$2,256,191$248,433$3,706,195
15$6,459,251$2,348,111$258,370$3,852,771
16$6,717,621$2,443,708$268,705$4,005,209
17$6,986,326$2,543,128$279,453$4,163,745
18$7,265,779$2,646,526$290,631$4,328,622
19$7,556,411$2,754,060$302,256$4,500,094
20$7,858,667$2,865,895$314,347$4,678,426
21$8,173,014$2,982,203$326,921$4,863,890
22$8,499,934$3,103,163$339,997$5,056,773
23$8,839,932$3,228,962$353,597$5,257,372
24$9,193,529$3,359,793$367,741$5,465,994
25$9,561,270$3,495,858$382,451$5,682,962
26$9,943,721$3,637,364$397,749$5,908,608
27$10,341,470$3,784,532$413,659$6,143,279
28$10,755,128$3,937,585$430,205$6,387,338
29$11,185,334$4,096,761$447,413$6,641,159
30$11,632,747$4,262,304$465,310$6,905,133
Total$209,200,000$76,149,634$8,367,999$124,682,366

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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.