USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Jan 11, 2012

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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 $54,400,000 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, Jan 11, 2012
Jackpot:$54,400,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$969,957$317,072$38,798$614,087
2$1,008,756$331,427$40,350$636,978
3$1,049,106$346,357$41,964$660,785
4$1,091,070$361,884$43,643$685,544
5$1,134,713$378,032$45,389$711,293
6$1,180,101$394,825$47,204$738,072
7$1,227,306$412,291$49,092$765,923
8$1,276,398$430,455$51,056$794,887
9$1,327,454$449,346$53,098$825,010
10$1,380,552$468,992$55,222$856,338
11$1,435,774$489,424$57,431$888,919
12$1,493,205$510,674$59,728$922,803
13$1,552,933$532,773$62,117$958,043
14$1,615,050$555,756$64,602$994,692
15$1,679,652$579,659$67,186$1,032,807
16$1,746,838$604,518$69,874$1,072,447
17$1,816,712$630,371$72,668$1,113,672
18$1,889,380$657,259$75,575$1,156,547
19$1,964,956$685,221$78,598$1,201,136
20$2,043,554$714,303$81,742$1,247,509
21$2,125,296$744,547$85,012$1,295,737
22$2,210,308$776,002$88,412$1,345,894
23$2,298,720$808,714$91,949$1,398,057
24$2,390,669$842,735$95,627$1,452,307
25$2,486,296$878,117$99,452$1,508,727
26$2,585,748$914,914$103,430$1,567,403
27$2,689,178$953,183$107,567$1,628,427
28$2,796,745$992,983$111,870$1,691,892
29$2,908,614$1,034,375$116,345$1,757,895
30$3,024,959$1,077,423$120,998$1,826,538
Total$54,400,000$18,873,632$2,175,999$33,350,369

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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.