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Kansas Powerball Jackpot Annuity Payout Schedule for May 22, 2024

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The tax information provided here is based on 2024 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 $100,000,000 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 money, as well as deductions claimed.

State:

Kansas

Drawing Date:Wed, May 22, 2024
Jackpot:$100,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,505,144$515,091$85,793$904,259
2$1,580,401$542,936$90,083$947,382
3$1,659,421$572,173$94,587$992,660
4$1,742,392$602,873$99,316$1,040,203
5$1,829,511$635,107$104,282$1,090,122
6$1,920,987$668,953$109,496$1,142,538
7$2,017,036$704,491$114,971$1,197,574
8$2,117,888$741,806$120,720$1,255,362
9$2,223,783$780,987$126,756$1,316,040
10$2,334,972$822,127$133,093$1,379,751
11$2,451,720$865,324$139,748$1,446,648
12$2,574,306$910,681$146,735$1,516,890
13$2,703,022$958,306$154,072$1,590,644
14$2,838,173$1,008,312$161,776$1,668,085
15$2,980,081$1,060,818$169,865$1,749,399
16$3,129,085$1,115,949$178,358$1,834,778
17$3,285,540$1,173,837$187,276$1,924,426
18$3,449,817$1,234,620$196,640$2,018,557
19$3,622,307$1,298,441$206,472$2,117,394
20$3,803,423$1,365,454$216,795$2,221,173
21$3,993,594$1,435,817$227,635$2,330,141
22$4,193,274$1,509,699$239,017$2,444,558
23$4,402,937$1,587,275$250,967$2,564,695
24$4,623,084$1,668,729$263,516$2,690,839
25$4,854,238$1,754,256$276,692$2,823,291
26$5,096,950$1,844,059$290,526$2,962,365
27$5,351,798$1,938,353$305,052$3,108,392
28$5,619,388$2,037,361$320,305$3,261,721
29$5,900,357$2,141,320$336,320$3,422,717
30$6,195,375$2,250,476$353,136$3,591,762
Total$100,000,000$35,745,631$5,700,000$58,554,366

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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.