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Kentucky Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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 money, as well as deductions claimed.

State:

Kentucky

Drawing Date:Sat, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,545,506$279,836$4,170,565
2$7,345,702$2,674,930$293,828$4,376,944
3$7,712,987$2,810,826$308,519$4,593,642
4$8,098,637$2,953,516$323,945$4,821,176
5$8,503,569$3,103,341$340,143$5,060,085
6$8,928,747$3,260,657$357,150$5,310,941
7$9,375,185$3,425,839$375,007$5,574,339
8$9,843,944$3,599,279$393,758$5,850,907
9$10,336,141$3,781,392$413,446$6,141,303
10$10,852,948$3,972,611$434,118$6,446,219
11$11,395,595$4,173,391$455,824$6,766,381
12$11,965,375$4,384,209$478,615$7,102,551
13$12,563,644$4,605,569$502,546$7,455,530
14$13,191,826$4,837,996$527,673$7,826,157
15$13,851,417$5,082,045$554,057$8,215,316
16$14,543,988$5,338,296$581,760$8,623,933
17$15,271,188$5,607,360$610,848$9,052,980
18$16,034,747$5,889,877$641,390$9,503,481
19$16,836,484$6,186,519$673,459$9,976,506
20$17,678,309$6,497,994$707,132$10,473,182
21$18,562,224$6,825,043$742,489$10,994,692
22$19,490,335$7,168,444$779,613$11,542,278
23$20,464,852$7,529,016$818,594$12,117,242
24$21,488,094$7,907,615$859,524$12,720,955
25$22,562,499$8,305,145$902,500$13,354,854
26$23,690,625$8,722,551$947,625$14,020,448
27$24,875,156$9,160,828$995,006$14,719,322
28$26,118,913$9,621,018$1,044,757$15,453,138
29$27,424,859$10,104,218$1,096,994$16,223,646
30$28,796,102$10,611,578$1,151,844$17,032,680
Total$464,800,001$170,686,609$18,592,000$275,521,393

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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.