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Kentucky Powerball Jackpot Annuity Payout Schedule for May 10, 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 $83,600,000 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:Sat, May 10, 2025
Jackpot:$83,600,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,258,300$421,528$44,040$792,731
2$1,321,215$444,807$46,243$830,166
3$1,387,276$469,249$48,555$869,472
4$1,456,640$494,914$50,982$910,743
5$1,529,471$521,862$53,532$954,078
6$1,605,945$550,157$56,208$999,580
7$1,686,242$579,867$59,018$1,047,357
8$1,770,554$611,062$61,969$1,097,523
9$1,859,082$643,818$65,068$1,150,197
10$1,952,036$678,211$68,321$1,205,504
11$2,049,638$714,323$71,737$1,263,577
12$2,152,120$752,242$75,324$1,324,554
13$2,259,726$792,056$79,090$1,388,580
14$2,372,712$833,861$83,045$1,455,807
15$2,491,348$877,756$87,197$1,526,395
16$2,615,915$923,846$91,557$1,600,512
17$2,746,711$972,240$96,135$1,678,336
18$2,884,047$1,023,054$100,942$1,760,050
19$3,028,249$1,076,409$105,989$1,845,851
20$3,179,661$1,132,432$111,288$1,935,941
21$3,338,644$1,191,256$116,853$2,030,536
22$3,505,577$1,253,021$122,695$2,129,861
23$3,680,855$1,317,874$128,830$2,234,152
24$3,864,898$1,385,970$135,271$2,343,657
25$4,058,143$1,457,470$142,035$2,458,638
26$4,261,050$1,532,546$149,137$2,579,368
27$4,474,103$1,611,375$156,594$2,706,134
28$4,697,808$1,694,146$164,423$2,839,238
29$4,932,698$1,781,056$172,644$2,978,998
30$5,179,333$1,872,311$181,277$3,125,746
Total$83,600,000$29,610,719$2,925,999$51,063,282

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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.