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Kentucky Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$466,827$54,988$852,886
2$1,429,689$487,173$57,188$885,329
3$1,486,876$508,332$59,475$919,069
4$1,546,351$530,338$61,854$954,159
5$1,608,205$553,224$64,328$990,653
6$1,672,534$577,025$66,901$1,028,607
7$1,739,435$601,779$69,577$1,068,079
8$1,809,012$627,522$72,360$1,109,129
9$1,881,373$654,296$75,255$1,151,822
10$1,956,628$682,140$78,265$1,196,223
11$2,034,893$711,098$81,396$1,242,399
12$2,116,288$741,214$84,652$1,290,422
13$2,200,940$772,536$88,038$1,340,367
14$2,288,978$805,109$91,559$1,392,309
15$2,380,537$838,986$95,221$1,446,329
16$2,475,758$874,218$99,030$1,502,510
17$2,574,789$910,860$102,992$1,560,937
18$2,677,780$948,966$107,111$1,621,702
19$2,784,891$988,598$111,396$1,684,898
20$2,896,287$1,029,814$115,851$1,750,622
21$3,012,138$1,072,679$120,486$1,818,974
22$3,132,624$1,117,259$125,305$1,890,060
23$3,257,929$1,163,621$130,317$1,963,990
24$3,388,246$1,211,839$135,530$2,040,877
25$3,523,776$1,261,985$140,951$2,120,840
26$3,664,727$1,314,137$146,589$2,204,001
27$3,811,316$1,368,375$152,453$2,290,489
28$3,963,769$1,424,782$158,551$2,380,436
29$4,122,319$1,483,446$164,893$2,473,981
30$4,287,212$1,544,456$171,488$2,571,267
Total$77,100,000$27,272,634$3,084,000$46,743,366

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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.