USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Apr 16, 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 $42,300,000 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, Apr 16, 2011
Jackpot:$42,300,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$754,213$237,247$30,169$486,798
2$784,382$248,409$31,375$504,597
3$815,757$260,018$32,630$523,109
4$848,387$272,091$33,935$542,361
5$882,323$284,647$35,293$562,383
6$917,616$297,706$36,705$583,205
7$954,320$311,286$38,173$604,861
8$992,493$325,410$39,700$627,383
9$1,032,193$340,099$41,288$650,806
10$1,073,481$355,376$42,939$675,166
11$1,116,420$371,263$44,657$700,500
12$1,161,077$387,786$46,443$726,847
13$1,207,520$404,970$48,301$754,249
14$1,255,820$422,841$50,233$782,746
15$1,306,053$441,427$52,242$812,384
16$1,358,295$460,757$54,332$843,207
17$1,412,627$480,860$56,505$875,262
18$1,469,132$501,767$58,765$908,600
19$1,527,898$523,510$61,116$943,272
20$1,589,013$546,123$63,561$979,330
21$1,652,574$569,640$66,103$1,016,831
22$1,718,677$594,098$68,747$1,055,832
23$1,787,424$619,535$71,497$1,096,392
24$1,858,921$645,989$74,357$1,138,576
25$1,933,278$673,501$77,331$1,182,446
26$2,010,609$702,113$80,424$1,228,072
27$2,091,033$731,870$83,641$1,275,522
28$2,174,675$762,817$86,987$1,324,870
29$2,261,662$795,003$90,466$1,376,193
30$2,352,128$828,475$94,085$1,429,568
Total$42,300,000$14,396,634$1,692,000$26,211,368

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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.