USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Feb 6, 2023

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The tax information provided here is based on 2022 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 $747,000,000 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:Mon, Feb 6, 2023
Jackpot:$747,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,243,422$4,123,021$640,875$6,479,526
2$11,805,593$4,331,024$672,919$6,801,650
3$12,395,873$4,549,428$706,565$7,139,880
4$13,015,667$4,778,752$741,893$7,495,022
5$13,666,449$5,019,541$778,988$7,867,921
6$14,349,772$5,272,371$817,937$8,259,464
7$15,067,261$5,537,842$858,834$8,670,586
8$15,820,624$5,816,586$901,776$9,102,263
9$16,611,655$6,109,267$946,864$9,555,523
10$17,442,238$6,416,583$994,208$10,031,447
11$18,314,350$6,739,264$1,043,918$10,531,167
12$19,230,067$7,078,080$1,096,114$11,055,874
13$20,191,571$7,433,836$1,150,920$11,606,815
14$21,201,149$7,807,380$1,208,466$12,185,304
15$22,261,207$8,199,601$1,268,889$12,792,716
16$23,374,267$8,611,434$1,332,333$13,430,500
17$24,542,980$9,043,858$1,398,950$14,100,173
18$25,770,129$9,497,903$1,468,897$14,803,329
19$27,058,636$9,974,650$1,542,342$15,541,643
20$28,411,568$10,475,235$1,619,459$16,316,873
21$29,832,146$11,000,849$1,700,432$17,130,864
22$31,323,753$11,552,744$1,785,454$17,985,555
23$32,889,941$12,132,233$1,874,727$18,882,981
24$34,534,437$12,740,697$1,968,463$19,825,278
25$36,261,159$13,379,584$2,066,886$20,814,689
26$38,074,218$14,050,416$2,170,230$21,853,572
27$39,977,929$14,754,789$2,278,742$22,944,398
28$41,976,825$15,494,380$2,392,679$24,089,766
29$44,075,666$16,270,951$2,512,313$25,292,402
30$46,279,450$17,086,351$2,637,929$26,555,170
Total$747,000,001$275,278,650$42,579,002$429,142,351

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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.