USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Nov 7, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $2,040,100,000 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 7, 2022
Jackpot:$2,040,100,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$30,706,433$11,324,335$1,381,789$18,000,308
2$32,241,755$11,892,404$1,450,879$18,898,471
3$33,853,842$12,488,876$1,523,423$19,841,542
4$35,546,535$13,115,173$1,599,594$20,831,768
5$37,323,860$13,772,783$1,679,574$21,871,503
6$39,190,054$14,463,275$1,763,552$22,963,226
7$41,149,558$15,188,291$1,851,730$24,109,536
8$43,207,035$15,949,558$1,944,317$25,313,161
9$45,367,387$16,748,888$2,041,532$26,576,966
10$47,635,756$17,588,185$2,143,609$27,903,962
11$50,017,544$18,469,446$2,250,789$29,297,308
12$52,518,421$19,394,771$2,363,329$30,760,321
13$55,144,342$20,366,361$2,481,495$32,296,485
14$57,901,559$21,386,532$2,605,570$33,909,457
15$60,796,637$22,457,711$2,735,849$35,603,077
16$63,836,469$23,582,449$2,872,641$37,381,379
17$67,028,291$24,763,423$3,016,273$39,248,595
18$70,379,706$26,003,446$3,167,087$41,209,173
19$73,898,691$27,305,471$3,325,441$43,267,779
20$77,593,627$28,672,597$3,491,713$45,429,317
21$81,473,307$30,108,079$3,666,299$47,698,930
22$85,546,973$31,615,335$3,849,614$50,082,024
23$89,824,322$33,197,954$4,042,094$52,584,273
24$94,315,537$34,859,704$4,244,199$55,211,634
25$99,031,314$36,604,541$4,456,409$57,970,363
26$103,982,881$38,436,621$4,679,230$60,867,030
27$109,182,025$40,360,304$4,913,191$63,908,530
28$114,641,124$42,380,171$5,158,851$67,102,103
29$120,373,181$44,501,032$5,416,793$70,455,356
30$126,391,841$46,727,936$5,687,633$73,976,272
Total$2,040,100,004$753,725,652$91,804,499$1,194,569,849

◄ Back to Jackpot Analysis

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.