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Kentucky Powerball Jackpot Annuity Payout Schedule for May 18, 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 $98,900,000 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 18, 2011
Jackpot:$98,900,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,763,397$610,645$70,536$1,082,216
2$1,833,933$636,743$73,357$1,123,833
3$1,907,290$663,885$76,292$1,167,113
4$1,983,582$692,113$79,343$1,212,125
5$2,062,925$721,470$82,517$1,258,938
6$2,145,442$752,001$85,818$1,307,623
7$2,231,260$783,754$89,250$1,358,255
8$2,320,510$816,776$92,820$1,410,913
9$2,413,330$851,120$96,533$1,465,677
10$2,509,864$886,837$100,395$1,522,632
11$2,610,258$923,983$104,410$1,581,864
12$2,714,668$962,615$108,587$1,643,467
13$2,823,255$1,002,792$112,930$1,707,533
14$2,936,185$1,044,576$117,447$1,774,162
15$3,053,633$1,088,032$122,145$1,843,456
16$3,175,778$1,133,226$127,031$1,915,521
17$3,302,809$1,180,227$132,112$1,990,470
18$3,434,922$1,229,109$137,397$2,068,416
19$3,572,318$1,279,946$142,893$2,149,480
20$3,715,211$1,332,816$148,608$2,233,787
21$3,863,820$1,387,801$154,553$2,321,466
22$4,018,372$1,444,986$160,735$2,412,652
23$4,179,107$1,504,457$167,164$2,507,486
24$4,346,272$1,566,308$173,851$2,606,112
25$4,520,122$1,630,633$180,805$2,708,684
26$4,700,927$1,697,531$188,037$2,815,359
27$4,888,964$1,767,105$195,559$2,926,301
28$5,084,523$1,839,461$203,381$3,041,681
29$5,287,904$1,914,712$211,516$3,161,676
30$5,499,420$1,992,973$219,977$3,286,470
Total$98,900,000$35,338,633$3,955,999$59,605,368

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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.