USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 16, 2021

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The tax information provided here is based on 2021 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 $60,000,000 for a ticket purchased in Kansas, 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 prize money, as well as deductions claimed.

State:

Kansas

Drawing Date:Sat, Oct 16, 2021
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$903,086$298,214$51,476$553,396
2$948,240$314,921$54,050$579,270
3$995,652$332,464$56,752$606,437
4$1,045,435$350,883$59,590$634,962
5$1,097,707$370,224$62,569$664,914
6$1,152,592$390,531$65,698$696,363
7$1,210,222$411,854$68,983$729,385
8$1,270,733$434,243$72,432$764,058
9$1,334,270$457,752$76,053$800,464
10$1,400,983$482,436$79,856$838,691
11$1,471,032$508,354$83,849$878,829
12$1,544,584$535,568$88,041$920,974
13$1,621,813$564,143$92,443$965,227
14$1,702,904$594,147$97,066$1,011,691
15$1,788,049$625,650$101,919$1,060,480
16$1,877,451$658,729$107,015$1,111,707
17$1,971,324$693,462$112,365$1,165,496
18$2,069,890$729,932$117,984$1,221,975
19$2,173,384$768,224$123,883$1,281,277
20$2,282,054$808,432$130,077$1,343,544
21$2,396,156$850,650$136,581$1,408,925
22$2,515,964$894,979$143,410$1,477,575
23$2,641,762$941,524$150,580$1,549,658
24$2,773,850$990,397$158,109$1,625,344
25$2,912,543$1,041,713$166,015$1,704,815
26$3,058,170$1,095,595$174,316$1,788,259
27$3,211,079$1,152,171$183,031$1,875,876
28$3,371,633$1,211,576$192,183$1,967,873
29$3,540,214$1,273,951$201,792$2,064,470
30$3,717,225$1,339,445$211,882$2,165,898
Total$60,000,000$21,122,164$3,420,000$35,457,833

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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.