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Kentucky Powerball Jackpot Annuity Payout Schedule for Mar 4, 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 $462,700,000 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, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$278,572$4,150,749
2$7,312,514$2,663,818$292,501$4,356,196
3$7,678,140$2,799,099$307,126$4,571,915
4$8,062,047$2,941,145$322,482$4,798,420
5$8,465,149$3,090,293$338,606$5,036,250
6$8,888,406$3,246,898$355,536$5,285,972
7$9,332,827$3,411,334$373,313$5,548,180
8$9,799,468$3,583,991$391,979$5,823,499
9$10,289,442$3,765,281$411,578$6,112,583
10$10,803,914$3,955,636$432,157$6,416,121
11$11,344,109$4,155,508$453,764$6,734,837
12$11,911,315$4,365,374$476,453$7,069,488
13$12,506,880$4,585,734$500,275$7,420,872
14$13,132,225$4,817,111$525,289$7,789,825
15$13,788,836$5,060,057$551,553$8,177,225
16$14,478,278$5,315,150$579,131$8,583,996
17$15,202,191$5,582,999$608,088$9,011,105
18$15,962,301$5,864,239$638,492$9,459,570
19$16,760,416$6,159,542$670,417$9,930,458
20$17,598,437$6,469,609$703,937$10,424,890
21$18,478,359$6,795,180$739,134$10,944,044
22$19,402,276$7,137,030$776,091$11,489,155
23$20,372,390$7,495,972$814,896$12,061,523
24$21,391,010$7,872,861$855,640$12,662,508
25$22,460,560$8,268,595$898,422$13,293,543
26$23,583,589$8,684,116$943,344$13,956,130
27$24,762,768$9,120,412$990,511$14,651,845
28$26,000,906$9,578,523$1,040,036$15,382,347
29$27,300,951$10,059,540$1,092,038$16,149,374
30$28,665,999$10,564,607$1,146,640$16,954,752
Total$462,700,001$169,944,632$18,508,001$274,247,372

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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.