USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for May 11, 2011

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The tax information provided here is based on 2025 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 $65,200,000 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:Wed, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$46,501$728,868
2$1,209,023$404,359$48,361$756,304
3$1,257,384$422,252$50,295$784,836
4$1,307,680$440,862$52,307$814,511
5$1,359,987$460,215$54,399$845,372
6$1,414,386$480,343$56,575$877,468
7$1,470,962$501,276$58,838$910,847
8$1,529,800$523,046$61,192$945,562
9$1,590,992$545,687$63,640$981,665
10$1,654,632$569,234$66,185$1,019,213
11$1,720,817$593,723$68,833$1,058,262
12$1,789,650$619,191$71,586$1,098,873
13$1,861,236$645,678$74,449$1,141,109
14$1,935,685$673,224$77,427$1,185,034
15$2,013,113$701,872$80,525$1,230,716
16$2,093,637$731,666$83,745$1,278,226
17$2,177,383$762,652$87,095$1,327,636
18$2,264,478$794,877$90,579$1,379,022
19$2,355,057$828,391$94,202$1,432,464
20$2,449,259$863,246$97,970$1,488,043
21$2,547,230$899,495$101,889$1,545,845
22$2,649,119$937,194$105,965$1,605,960
23$2,755,084$976,401$110,203$1,668,479
24$2,865,287$1,017,177$114,611$1,733,499
25$2,979,899$1,059,583$119,196$1,801,120
26$3,099,095$1,103,685$123,964$1,871,446
27$3,223,058$1,149,552$128,922$1,944,584
28$3,351,981$1,197,253$134,079$2,020,648
29$3,486,060$1,246,862$139,442$2,099,755
30$3,625,502$1,298,456$145,020$2,182,026
Total$65,200,000$22,834,606$2,607,995$39,757,393

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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.