USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Dec 14, 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 $77,700,000 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, Dec 14, 2011
Jackpot:$77,700,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,385,399$470,785$55,416$859,197
2$1,440,815$491,289$57,633$891,893
3$1,498,447$512,613$59,938$925,896
4$1,558,385$534,790$62,335$961,259
5$1,620,721$557,854$64,829$998,037
6$1,685,549$581,841$67,422$1,036,286
7$1,752,971$606,787$70,119$1,076,065
8$1,823,090$632,731$72,924$1,117,435
9$1,896,014$659,713$75,841$1,160,460
10$1,971,854$687,774$78,874$1,205,206
11$2,050,729$716,957$82,029$1,251,742
12$2,132,758$747,308$85,310$1,300,139
13$2,218,068$778,873$88,723$1,350,472
14$2,306,791$811,700$92,272$1,402,819
15$2,399,062$845,841$95,962$1,457,259
16$2,495,025$881,347$99,801$1,513,877
17$2,594,826$918,273$103,793$1,572,759
18$2,698,619$956,677$107,945$1,633,997
19$2,806,564$996,616$112,263$1,697,685
20$2,918,826$1,038,153$116,753$1,763,920
21$3,035,579$1,081,352$121,423$1,832,804
22$3,157,002$1,126,279$126,280$1,904,444
23$3,283,282$1,173,002$131,331$1,978,949
24$3,414,614$1,221,595$136,585$2,056,434
25$3,551,198$1,272,131$142,048$2,137,019
26$3,693,246$1,324,689$147,730$2,220,828
27$3,840,976$1,379,349$153,639$2,307,988
28$3,994,615$1,436,195$159,785$2,398,635
29$4,154,400$1,495,316$166,176$2,492,908
30$4,320,576$1,556,801$172,823$2,590,952
Total$77,700,000$27,494,631$3,108,002$47,097,364

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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.