USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Kentucky

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$303,301$3,979,964
2$7,077,034$2,581,458$318,467$4,177,110
3$7,430,886$2,712,383$334,390$4,384,113
4$7,802,430$2,849,854$351,109$4,601,467
5$8,192,552$2,994,199$368,665$4,829,688
6$8,602,179$3,145,761$387,098$5,069,320
7$9,032,289$3,304,902$406,453$5,320,934
8$9,483,903$3,471,999$426,776$5,585,128
9$9,958,098$3,647,451$448,114$5,862,532
10$10,456,003$3,831,676$470,520$6,153,807
11$10,978,803$4,025,112$494,046$6,459,645
12$11,527,743$4,228,220$518,748$6,780,775
13$12,104,130$4,441,483$544,686$7,117,961
14$12,709,337$4,665,410$571,920$7,472,007
15$13,344,804$4,900,532$600,516$7,843,755
16$14,012,044$5,147,411$630,542$8,234,091
17$14,712,646$5,406,634$662,069$8,643,943
18$15,448,278$5,678,818$695,173$9,074,288
19$16,220,692$5,964,611$729,931$9,526,150
20$17,031,727$6,264,694$766,428$10,000,605
21$17,883,313$6,579,781$804,749$10,498,783
22$18,777,479$6,910,622$844,987$11,021,870
23$19,716,353$7,258,006$887,236$11,571,111
24$20,702,170$7,622,758$931,598$12,147,815
25$21,737,279$8,005,748$978,178$12,753,353
26$22,824,143$8,407,888$1,027,086$13,389,169
27$23,965,350$8,830,135$1,078,441$14,056,775
28$25,163,617$9,273,493$1,132,363$14,757,761
29$26,421,798$9,739,020$1,188,981$15,493,797
30$27,742,888$10,227,824$1,248,430$16,266,635
Total$447,800,001$164,574,650$20,151,001$263,074,352

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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.