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Kentucky Powerball Jackpot Annuity Payout Schedule for Jan 13, 2024

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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 $78,400,000 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, Jan 13, 2024
Jackpot:$78,400,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,180,033$394,800$47,201$738,031
2$1,239,034$416,630$49,561$772,842
3$1,300,986$439,553$52,039$809,394
4$1,366,035$463,621$54,641$847,773
5$1,434,337$488,892$57,373$888,071
6$1,506,054$515,428$60,242$930,384
7$1,581,356$543,290$63,254$974,813
8$1,660,424$572,545$66,417$1,021,463
9$1,743,445$603,263$69,738$1,070,445
10$1,830,618$635,516$73,225$1,121,877
11$1,922,149$669,383$76,886$1,175,880
12$2,018,256$704,942$80,730$1,232,583
13$2,119,169$742,280$84,767$1,292,122
14$2,225,127$781,485$89,005$1,354,637
15$2,336,384$822,650$93,455$1,420,279
16$2,453,203$865,873$98,128$1,489,202
17$2,575,863$911,257$103,035$1,561,571
18$2,704,656$958,911$108,186$1,637,559
19$2,839,889$1,008,947$113,596$1,717,347
20$2,981,883$1,061,485$119,275$1,801,123
21$3,130,978$1,116,649$125,239$1,889,089
22$3,287,526$1,174,573$131,501$1,981,453
23$3,451,903$1,235,392$138,076$2,078,435
24$3,624,498$1,299,252$144,980$2,180,266
25$3,805,723$1,366,305$152,229$2,287,189
26$3,996,009$1,436,711$159,840$2,399,458
27$4,195,809$1,510,637$167,832$2,517,340
28$4,405,600$1,588,260$176,224$2,641,116
29$4,625,880$1,669,763$185,035$2,771,081
30$4,857,174$1,755,342$194,287$2,907,545
Total$78,400,000$27,753,635$3,135,997$47,510,368

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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.