USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Dec 10, 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 $65,500,000 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:Sat, Dec 10, 2011
Jackpot:$65,500,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,167,871$390,300$46,715$730,856
2$1,214,586$407,585$48,583$758,418
3$1,263,170$425,561$50,527$787,082
4$1,313,697$444,255$52,548$816,893
5$1,366,244$463,698$54,650$847,896
6$1,420,894$483,919$56,836$880,140
7$1,477,730$504,948$59,109$913,673
8$1,536,839$526,818$61,474$948,547
9$1,598,313$549,563$63,933$984,817
10$1,662,245$573,219$66,490$1,022,537
11$1,728,735$597,820$69,149$1,061,766
12$1,797,885$623,405$71,915$1,102,564
13$1,869,800$650,014$74,792$1,144,994
14$1,944,592$677,687$77,784$1,189,121
15$2,022,376$706,467$80,895$1,235,014
16$2,103,271$736,398$84,131$1,282,742
17$2,187,401$767,526$87,496$1,332,379
18$2,274,897$799,900$90,996$1,384,002
19$2,365,893$833,568$94,636$1,437,689
20$2,460,529$868,584$98,421$1,493,524
21$2,558,950$904,999$102,358$1,551,593
22$2,661,308$942,872$106,452$1,611,984
23$2,767,761$982,259$110,710$1,674,791
24$2,878,471$1,023,222$115,139$1,740,110
25$2,993,610$1,065,823$119,744$1,808,042
26$3,113,354$1,110,129$124,534$1,878,691
27$3,237,888$1,156,206$129,516$1,952,166
28$3,367,404$1,204,127$134,696$2,028,581
29$3,502,100$1,253,965$140,084$2,108,051
30$3,642,184$1,305,796$145,687$2,190,701
Total$65,500,000$22,980,633$2,620,000$39,899,364

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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.