USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Nov 7, 2020

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The tax information provided here is based on 2021 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 $146,600,000 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, Nov 7, 2020
Jackpot:$146,600,000
Federal Tax:37% marginal rate
State Tax: 5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,206,540$780,492$110,327$1,315,721
2$2,316,867$821,313$115,843$1,379,711
3$2,432,711$864,175$121,636$1,446,900
4$2,554,346$909,180$127,717$1,517,449
5$2,682,064$956,436$134,103$1,591,525
6$2,816,167$1,006,054$140,808$1,669,304
7$2,956,975$1,058,153$147,849$1,750,973
8$3,104,824$1,112,857$155,241$1,836,726
9$3,260,065$1,170,296$163,003$1,926,766
10$3,423,068$1,230,608$171,153$2,021,307
11$3,594,222$1,293,934$179,711$2,120,576
12$3,773,933$1,360,427$188,697$2,224,809
13$3,962,630$1,430,245$198,131$2,334,253
14$4,160,761$1,503,554$208,038$2,449,169
15$4,368,799$1,580,528$218,440$2,569,831
16$4,587,239$1,661,351$229,362$2,696,526
17$4,816,601$1,746,215$240,830$2,829,556
18$5,057,431$1,835,322$252,872$2,969,238
19$5,310,303$1,928,884$265,515$3,115,903
20$5,575,818$2,027,125$278,791$3,269,902
21$5,854,609$2,130,277$292,730$3,431,601
22$6,147,339$2,238,588$307,367$3,601,384
23$6,454,706$2,352,313$322,735$3,779,657
24$6,777,441$2,471,725$338,872$3,966,844
25$7,116,313$2,597,108$355,816$4,163,389
26$7,472,129$2,728,760$373,606$4,369,763
27$7,845,735$2,866,994$392,287$4,586,454
28$8,238,022$3,012,140$411,901$4,813,981
29$8,649,923$3,164,544$432,496$5,052,883
30$9,082,419$3,324,567$454,121$5,303,731
Total$146,600,000$53,164,165$7,329,998$86,105,832

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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.