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Kentucky Powerball Jackpot Annuity Payout Schedule for Apr 30, 2025

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The tax information provided here is based on 2026 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 $30,100,000 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, Apr 30, 2025
Jackpot:$30,100,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$453,048$127,336$15,857$309,855
2$475,701$135,264$16,650$323,787
3$499,486$143,589$17,482$338,414
4$524,460$152,330$18,356$353,774
5$550,683$161,508$19,274$369,901
6$578,217$171,145$20,238$386,834
7$607,128$181,264$21,249$404,614
8$637,484$191,889$22,312$423,284
9$669,359$203,620$23,428$442,311
10$702,826$216,003$24,599$462,224
11$737,968$229,005$25,829$483,134
12$774,866$242,658$27,120$505,088
13$813,609$256,993$28,476$528,140
14$854,290$272,045$29,900$552,345
15$897,004$287,849$31,395$577,760
16$941,855$304,443$32,965$604,446
17$988,947$321,868$34,613$632,466
18$1,038,395$340,163$36,344$661,888
19$1,090,314$359,374$38,161$692,780
20$1,144,830$379,544$40,069$725,217
21$1,202,072$400,724$42,073$759,275
22$1,262,175$422,962$44,176$795,037
23$1,325,284$446,312$46,385$832,587
24$1,391,548$470,830$48,704$872,014
25$1,461,126$496,574$51,139$913,413
26$1,534,182$523,605$53,696$956,881
27$1,610,891$551,987$56,381$1,002,523
28$1,691,436$581,788$59,200$1,050,447
29$1,776,007$613,080$62,160$1,100,767
30$1,864,808$645,936$65,268$1,153,603
Total$30,100,000$9,831,688$1,053,499$19,214,809

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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.