USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 20, 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 $730,000,000 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:Wed, Jan 20, 2021
Jackpot:$730,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,987,548$4,029,465$626,290$6,331,792
2$11,536,925$4,232,735$657,605$6,646,586
3$12,113,771$4,446,168$690,485$6,977,119
4$12,719,460$4,670,273$725,009$7,324,178
5$13,355,432$4,905,582$761,260$7,688,591
6$14,023,204$5,152,658$799,323$8,071,224
7$14,724,365$5,412,087$839,289$8,472,989
8$15,460,583$5,684,488$881,253$8,894,842
9$16,233,612$5,970,509$925,316$9,337,788
10$17,045,293$6,270,831$971,582$9,802,880
11$17,897,557$6,586,169$1,020,161$10,291,228
12$18,792,435$6,917,273$1,071,169$10,803,993
13$19,732,057$7,264,933$1,124,727$11,342,396
14$20,718,660$7,629,976$1,180,964$11,907,720
15$21,754,593$8,013,272$1,240,012$12,501,309
16$22,842,323$8,415,732$1,302,012$13,124,579
17$23,984,438$8,838,314$1,367,113$13,779,011
18$25,183,660$9,282,027$1,435,469$14,466,165
19$26,442,843$9,747,924$1,507,242$15,187,677
20$27,764,986$10,237,117$1,582,604$15,945,265
21$29,153,235$10,750,769$1,661,734$16,740,731
22$30,610,897$11,290,104$1,744,821$17,575,971
23$32,141,442$11,856,406$1,832,062$18,452,974
24$33,748,513$12,451,022$1,923,665$19,373,826
25$35,435,939$13,075,370$2,019,849$20,340,721
26$37,207,736$13,730,935$2,120,841$21,355,961
27$39,068,123$14,419,278$2,226,883$22,421,962
28$41,021,529$15,142,038$2,338,227$23,541,264
29$43,072,605$15,900,936$2,455,139$24,716,531
30$45,226,236$16,697,780$2,577,895$25,950,561
Total$730,000,001$269,022,171$41,610,001$419,367,834

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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.