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Kentucky Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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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 $60,000,000 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, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$42,792$674,165
2$1,112,598$368,682$44,504$699,413
3$1,157,102$385,148$46,284$725,670
4$1,203,386$402,273$48,135$752,978
5$1,251,522$420,083$50,061$781,378
6$1,301,583$438,606$52,063$810,913
7$1,353,646$457,869$54,146$841,631
8$1,407,792$477,903$56,312$873,577
9$1,464,103$498,738$58,564$906,801
10$1,522,667$520,407$60,907$941,354
11$1,583,574$542,943$63,343$977,288
12$1,646,917$566,380$65,877$1,014,661
13$1,712,794$590,754$68,512$1,053,528
14$1,781,306$616,103$71,252$1,093,950
15$1,852,558$642,467$74,102$1,135,989
16$1,926,660$669,884$77,066$1,179,709
17$2,003,726$698,399$80,149$1,225,178
18$2,083,876$728,054$83,355$1,272,466
19$2,167,231$758,896$86,689$1,321,646
20$2,253,920$790,971$90,157$1,372,792
21$2,344,077$824,329$93,763$1,425,985
22$2,437,840$859,021$97,514$1,481,305
23$2,535,353$895,101$101,414$1,538,838
24$2,636,767$932,624$105,471$1,598,672
25$2,742,238$971,648$109,690$1,660,900
26$2,851,928$1,012,233$114,077$1,725,617
27$2,966,005$1,054,442$118,640$1,792,923
28$3,084,645$1,098,339$123,386$1,862,920
29$3,208,031$1,143,992$128,321$1,935,718
30$3,336,352$1,191,470$133,454$2,011,427
Total$60,000,000$20,910,607$2,400,000$36,689,392

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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.