USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 4, 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 $1,200,000,000 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, Oct 4, 2023
Jackpot:$1,200,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$18,061,722$6,645,792$1,029,518$10,386,412
2$18,964,808$6,979,934$1,080,994$10,903,880
3$19,913,048$7,330,783$1,135,044$11,447,222
4$20,908,702$7,699,175$1,191,796$12,017,731
5$21,954,136$8,085,985$1,251,386$12,616,765
6$23,051,843$8,492,137$1,313,955$13,245,751
7$24,204,436$8,918,596$1,379,653$13,906,187
8$25,414,657$9,366,378$1,448,635$14,599,644
9$26,685,390$9,836,549$1,521,067$15,327,773
10$28,019,659$10,330,229$1,597,121$16,092,310
11$29,420,642$10,848,593$1,676,977$16,895,073
12$30,891,674$11,392,875$1,760,825$17,737,974
13$32,436,258$11,964,370$1,848,867$18,623,021
14$34,058,071$12,564,441$1,941,310$19,552,320
15$35,760,974$13,194,516$2,038,376$20,528,083
16$37,549,024$13,856,094$2,140,294$21,552,636
17$39,426,474$14,550,750$2,247,309$22,628,415
18$41,397,798$15,280,140$2,359,674$23,757,983
19$43,467,688$16,045,999$2,477,658$24,944,030
20$45,641,072$16,850,152$2,601,541$26,189,379
21$47,923,126$17,694,511$2,731,618$27,496,996
22$50,319,282$18,581,089$2,868,199$28,869,994
23$52,835,246$19,511,996$3,011,609$30,311,641
24$55,477,008$20,489,448$3,162,189$31,825,371
25$58,250,858$21,515,773$3,320,299$33,414,787
26$61,163,402$22,593,414$3,486,314$35,083,675
27$64,221,572$23,724,937$3,660,630$36,836,006
28$67,432,650$24,913,036$3,843,661$38,675,953
29$70,804,283$26,160,540$4,035,844$40,607,899
30$74,344,498$27,470,419$4,237,636$42,636,442
Total$1,200,000,002$442,888,651$68,399,999$688,711,353

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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.