USA Mega

Kentucky Powerball Jackpot Annuity Payout Schedule for Jul 29, 2024

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

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 $142,600,000 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, Jul 29, 2024
Jackpot:$142,600,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,146,335$752,332$85,853$1,308,150
2$2,253,651$792,039$90,146$1,371,467
3$2,366,334$833,731$94,653$1,437,949
4$2,484,651$877,509$99,386$1,507,756
5$2,608,883$923,475$104,355$1,581,053
6$2,739,327$971,739$109,573$1,658,015
7$2,876,294$1,022,416$115,052$1,738,826
8$3,020,108$1,075,628$120,804$1,823,676
9$3,171,114$1,131,500$126,845$1,912,769
10$3,329,670$1,190,165$133,187$2,006,317
11$3,496,153$1,251,764$139,846$2,104,543
12$3,670,961$1,316,443$146,838$2,207,679
13$3,854,509$1,384,356$154,180$2,315,972
14$4,047,234$1,455,664$161,889$2,429,680
15$4,249,596$1,530,538$169,984$2,549,074
16$4,462,076$1,609,156$178,483$2,674,437
17$4,685,179$1,691,704$187,407$2,806,068
18$4,919,438$1,778,380$196,778$2,944,281
19$5,165,410$1,869,390$206,616$3,089,404
20$5,423,681$1,964,950$216,947$3,241,784
21$5,694,865$2,065,288$227,795$3,401,782
22$5,979,608$2,170,643$239,184$3,569,781
23$6,278,588$2,281,265$251,144$3,746,179
24$6,592,518$2,397,419$263,701$3,931,398
25$6,922,144$2,519,381$276,886$4,125,877
26$7,268,251$2,647,441$290,730$4,330,080
27$7,631,664$2,781,903$305,267$4,544,494
28$8,013,247$2,923,089$320,530$4,769,628
29$8,413,909$3,071,334$336,556$5,006,019
30$8,834,604$3,226,991$353,384$5,254,229
Total$142,600,000$51,507,633$5,703,999$85,388,367

◄ 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.