USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 28, 1992

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The tax information provided here is based on 2026 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 $7,000,000 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:Sat, Nov 28, 1992
Jackpot:$7,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$124,811$22,553$7,114$95,144
2$129,803$23,751$7,399$98,654
3$134,995$24,997$7,695$102,304
4$140,395$26,293$8,003$106,100
5$146,011$27,641$8,323$110,048
6$151,851$29,042$8,656$114,153
7$157,925$30,500$9,002$118,424
8$164,242$32,016$9,362$122,864
9$170,812$33,593$9,736$127,483
10$177,645$35,233$10,126$132,286
11$184,750$36,938$10,531$137,281
12$192,140$38,712$10,952$142,477
13$199,826$40,556$11,390$147,880
14$207,819$42,958$11,846$153,015
15$216,132$45,618$12,320$158,194
16$224,777$48,385$12,812$163,580
17$233,768$51,262$13,325$169,182
18$243,119$54,254$13,858$175,007
19$252,844$57,366$14,412$181,066
20$262,957$60,804$14,989$187,164
21$273,476$64,486$15,588$193,402
22$284,415$68,314$16,212$199,889
23$295,791$72,296$16,860$206,635
24$307,623$76,437$17,535$213,651
25$319,928$80,744$18,236$220,948
26$332,725$85,223$18,965$228,537
27$346,034$89,881$19,724$236,429
28$359,875$94,726$20,513$244,637
29$374,270$99,764$21,333$253,173
30$389,241$105,004$22,187$262,051
Total$7,000,000$1,599,347$399,004$5,001,658

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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.