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Kentucky Powerball Jackpot Annuity Payout Schedule for Jan 1, 2025

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The tax information provided here is based on 2025 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 $181,100,000 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:Wed, Jan 1, 2025
Jackpot:$181,100,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,725,815$965,572$109,033$1,651,211
2$2,862,106$1,015,999$114,484$1,731,622
3$3,005,211$1,068,948$120,208$1,816,054
4$3,155,472$1,124,545$126,219$1,904,708
5$3,313,245$1,182,921$132,530$1,997,794
6$3,478,907$1,244,216$139,156$2,095,535
7$3,652,853$1,308,576$146,114$2,198,163
8$3,835,495$1,376,154$153,420$2,305,922
9$4,027,270$1,447,110$161,091$2,419,069
10$4,228,634$1,521,615$169,145$2,537,874
11$4,440,065$1,599,844$177,603$2,662,618
12$4,662,069$1,681,986$186,483$2,793,600
13$4,895,172$1,768,234$195,807$2,931,131
14$5,139,931$1,858,795$205,597$3,075,539
15$5,396,927$1,953,883$215,877$3,227,167
16$5,666,773$2,053,726$226,671$3,386,376
17$5,950,112$2,158,562$238,004$3,553,546
18$6,247,618$2,268,639$249,905$3,729,074
19$6,559,999$2,384,220$262,400$3,913,379
20$6,887,999$2,505,580$275,520$4,106,899
21$7,232,398$2,633,008$289,296$4,310,095
22$7,594,018$2,766,807$303,761$4,523,451
23$7,973,719$2,907,296$318,949$4,747,474
24$8,372,405$3,054,810$334,896$4,982,699
25$8,791,025$3,209,700$351,641$5,229,685
26$9,230,577$3,372,334$369,223$5,489,020
27$9,692,106$3,543,099$387,684$5,761,322
28$10,176,711$3,722,403$407,068$6,047,239
29$10,685,546$3,910,672$427,422$6,347,452
30$11,219,824$4,108,355$448,793$6,662,676
Total$181,100,000$65,717,609$7,244,000$108,138,394

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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.