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Kentucky Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $79,900,000 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, Dec 3, 2022
Jackpot:$79,900,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,202,610$403,153$48,104$751,352
2$1,262,740$425,402$50,510$786,829
3$1,325,877$448,762$53,035$824,080
4$1,392,171$473,291$55,687$863,193
5$1,461,780$499,046$58,471$904,262
6$1,534,869$526,089$61,395$947,385
7$1,611,612$554,484$64,464$992,663
8$1,692,193$584,299$67,688$1,040,206
9$1,776,802$615,605$71,072$1,090,126
10$1,865,642$648,475$74,626$1,142,541
11$1,958,924$682,990$78,357$1,197,578
12$2,056,871$719,230$82,275$1,255,366
13$2,159,714$757,282$86,389$1,316,044
14$2,267,700$797,237$90,708$1,379,755
15$2,381,085$839,189$95,243$1,446,652
16$2,500,139$883,239$100,006$1,516,894
17$2,625,146$929,492$105,006$1,590,648
18$2,756,403$978,057$110,256$1,668,090
19$2,894,224$1,029,050$115,769$1,749,404
20$3,038,935$1,082,594$121,557$1,834,784
21$3,190,881$1,138,814$127,635$1,924,432
22$3,350,426$1,197,845$134,017$2,018,563
23$3,517,947$1,259,828$140,718$2,117,401
24$3,693,844$1,324,910$147,754$2,221,180
25$3,878,536$1,393,246$155,141$2,330,149
26$4,072,463$1,464,999$162,899$2,444,566
27$4,276,086$1,540,340$171,043$2,564,703
28$4,489,891$1,619,447$179,596$2,690,848
29$4,714,385$1,702,510$188,575$2,823,299
30$4,950,104$1,789,726$198,004$2,962,374
Total$79,900,000$28,308,631$3,196,000$48,395,367

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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.