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Kentucky Powerball Jackpot Annuity Payout Schedule for Jul 19, 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 $292,900,000 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, Jul 19, 2025
Jackpot:$292,900,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,408,565$1,587,126$154,300$2,667,139
2$4,628,994$1,668,685$162,015$2,798,294
3$4,860,443$1,754,321$170,116$2,936,006
4$5,103,466$1,844,240$178,621$3,080,605
5$5,358,639$1,938,654$187,552$3,232,433
6$5,626,571$2,037,788$196,930$3,391,852
7$5,907,899$2,141,880$206,776$3,559,243
8$6,203,294$2,251,176$217,115$3,735,003
9$6,513,459$2,365,937$227,971$3,919,551
10$6,839,132$2,486,436$239,370$4,113,326
11$7,181,088$2,612,960$251,338$4,316,790
12$7,540,143$2,745,810$263,905$4,530,428
13$7,917,150$2,885,303$277,100$4,754,747
14$8,313,008$3,031,770$290,955$4,990,282
15$8,728,658$3,185,561$305,503$5,237,594
16$9,165,091$3,347,041$320,778$5,497,272
17$9,623,345$3,516,595$336,817$5,769,933
18$10,104,513$3,694,627$353,658$6,056,228
19$10,609,738$3,881,560$371,341$6,356,837
20$11,140,225$4,077,841$389,908$6,672,477
21$11,697,236$4,283,935$409,403$7,003,898
22$12,282,098$4,500,334$429,873$7,351,891
23$12,896,203$4,727,552$451,367$7,717,284
24$13,541,013$4,966,132$473,935$8,100,946
25$14,218,064$5,216,641$497,632$8,503,791
26$14,928,967$5,479,675$522,514$8,926,778
27$15,675,415$5,755,861$548,640$9,370,915
28$16,459,186$6,045,856$576,072$9,837,258
29$17,282,145$6,350,351$604,875$10,326,919
30$18,146,253$6,670,071$635,119$10,841,063
Total$292,900,001$107,051,719$10,251,499$175,596,783

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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.