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Kentucky Powerball Jackpot Annuity Payout Schedule for Nov 14, 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 $62,900,000 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:Mon, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$307,312$37,869$601,554
2$994,072$324,827$39,763$629,482
3$1,043,776$343,217$41,751$658,807
4$1,095,964$362,527$43,839$689,599
5$1,150,763$382,802$46,031$721,930
6$1,208,301$404,092$48,332$755,877
7$1,268,716$426,445$50,749$791,522
8$1,332,152$449,916$53,286$828,949
9$1,398,759$474,561$55,950$868,248
10$1,468,697$500,438$58,748$909,511
11$1,542,132$527,609$61,685$952,838
12$1,619,239$556,139$64,770$998,331
13$1,700,201$586,094$68,008$1,046,098
14$1,785,211$617,548$71,408$1,096,254
15$1,874,471$650,575$74,979$1,148,918
16$1,968,195$685,252$78,728$1,204,215
17$2,066,604$721,664$82,664$1,262,276
18$2,169,935$759,896$86,797$1,323,241
19$2,278,431$800,040$91,137$1,387,254
20$2,392,353$842,191$95,694$1,454,468
21$2,511,971$886,449$100,479$1,525,042
22$2,637,569$932,921$105,503$1,599,145
23$2,769,447$981,716$110,778$1,676,954
24$2,907,920$1,032,951$116,317$1,758,652
25$3,053,316$1,086,747$122,133$1,844,436
26$3,205,982$1,143,233$128,239$1,934,509
27$3,366,281$1,202,544$134,651$2,029,085
28$3,534,595$1,264,820$141,384$2,128,391
29$3,711,324$1,330,210$148,453$2,232,661
30$3,896,891$1,398,870$155,876$2,342,145
Total$62,900,000$21,983,606$2,516,001$38,400,392

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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.