USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Sep 19, 2015

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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 $211,500,000 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, Sep 19, 2015
Jackpot:$211,500,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,771,066$1,352,315$150,843$2,267,909
2$3,921,909$1,408,126$156,876$2,356,906
3$4,078,785$1,466,171$163,151$2,449,463
4$4,241,936$1,526,537$169,677$2,545,722
5$4,411,614$1,589,317$176,465$2,645,832
6$4,588,078$1,654,609$183,523$2,749,946
7$4,771,601$1,722,513$190,864$2,858,225
8$4,962,466$1,793,133$198,499$2,970,834
9$5,160,964$1,866,577$206,439$3,087,949
10$5,367,403$1,942,959$214,696$3,209,747
11$5,582,099$2,022,397$223,284$3,336,418
12$5,805,383$2,105,012$232,215$3,468,156
13$6,037,598$2,190,932$241,504$3,605,163
14$6,279,102$2,280,288$251,164$3,747,650
15$6,530,266$2,373,219$261,211$3,895,837
16$6,791,477$2,469,867$271,659$4,049,951
17$7,063,136$2,570,381$282,525$4,210,230
18$7,345,661$2,674,915$293,826$4,376,920
19$7,639,488$2,783,631$305,580$4,550,278
20$7,945,067$2,896,695$317,803$4,730,569
21$8,262,870$3,014,282$330,515$4,918,073
22$8,593,385$3,136,573$343,735$5,113,077
23$8,937,120$3,263,755$357,485$5,315,881
24$9,294,605$3,396,024$371,784$5,526,797
25$9,666,389$3,533,584$386,656$5,746,149
26$10,053,045$3,676,647$402,122$5,974,276
27$10,455,166$3,825,432$418,207$6,211,528
28$10,873,373$3,980,168$434,935$6,458,270
29$11,308,308$4,141,094$452,332$6,714,881
30$11,760,640$4,308,457$470,426$6,981,758
Total$211,500,000$76,965,610$8,460,001$126,074,395

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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.