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Kentucky Powerball Jackpot Annuity Payout Schedule for Nov 19, 2022

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The tax information provided here is based on 2024 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 $92,900,000 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:Sat, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$475,551$55,931$866,796
2$1,468,192$501,419$58,728$908,046
3$1,541,602$528,580$61,664$951,357
4$1,618,682$557,100$64,747$996,835
5$1,699,616$587,046$67,985$1,044,586
6$1,784,597$618,489$71,384$1,094,724
7$1,873,827$651,504$74,953$1,147,370
8$1,967,518$686,169$78,701$1,202,648
9$2,065,894$722,569$82,636$1,260,690
10$2,169,189$760,788$86,768$1,321,634
11$2,277,648$800,918$91,106$1,385,625
12$2,391,530$843,054$95,661$1,452,815
13$2,511,107$887,297$100,444$1,523,365
14$2,636,662$933,753$105,466$1,597,443
15$2,768,495$982,531$110,740$1,675,225
16$2,906,920$1,033,748$116,277$1,756,895
17$3,052,266$1,087,526$122,091$1,842,649
18$3,204,880$1,143,993$128,195$1,932,691
19$3,365,123$1,203,283$134,605$2,027,235
20$3,533,380$1,265,538$141,335$2,126,506
21$3,710,049$1,330,906$148,402$2,230,741
22$3,895,551$1,399,542$155,822$2,340,187
23$4,090,329$1,471,609$163,613$2,455,106
24$4,294,845$1,547,280$171,794$2,575,771
25$4,509,587$1,626,735$180,383$2,702,469
26$4,735,067$1,710,162$189,403$2,835,502
27$4,971,820$1,797,761$198,873$2,975,186
28$5,220,411$1,889,740$208,816$3,121,855
29$5,481,432$1,986,317$219,257$3,275,857
30$5,755,503$2,087,724$230,220$3,437,559
Total$92,900,000$33,118,632$3,716,000$56,065,368

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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.