USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$35,660$568,968
2$927,165$300,071$37,087$590,007
3$964,252$313,793$38,570$611,888
4$1,002,822$328,064$40,113$634,645
5$1,042,935$342,906$41,717$658,311
6$1,084,652$358,342$43,386$682,924
7$1,128,038$374,394$45,122$708,522
8$1,173,160$391,089$46,926$735,144
9$1,220,086$408,452$48,803$762,831
10$1,268,890$426,509$50,756$791,625
11$1,319,645$445,289$52,786$821,570
12$1,372,431$464,820$54,897$852,714
13$1,427,328$485,132$57,093$885,103
14$1,484,421$506,256$59,377$918,788
15$1,543,798$528,226$61,752$953,821
16$1,605,550$551,074$64,222$990,254
17$1,669,772$574,836$66,791$1,028,145
18$1,736,563$599,549$69,463$1,067,552
19$1,806,025$625,250$72,241$1,108,535
20$1,878,266$651,979$75,131$1,151,157
21$1,953,397$679,777$78,136$1,195,484
22$2,031,533$708,687$81,261$1,241,584
23$2,112,794$738,754$84,512$1,289,528
24$2,197,306$770,024$87,892$1,339,390
25$2,285,198$802,544$91,408$1,391,247
26$2,376,606$836,365$95,064$1,445,177
27$2,471,671$871,538$98,867$1,501,265
28$2,570,537$908,119$102,821$1,559,597
29$2,673,359$946,163$106,934$1,620,261
30$2,780,293$985,729$111,212$1,683,353
Total$50,000,000$17,210,608$2,000,000$30,789,390

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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.