USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 26, 1993

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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 $48,000,000 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, Jun 26, 1993
Jackpot:$48,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$855,845$272,620$48,783$534,442
2$890,079$285,286$50,734$554,058
3$925,682$298,459$52,764$574,458
4$962,709$312,160$54,874$595,675
5$1,001,217$326,408$57,069$617,740
6$1,041,266$341,226$59,352$640,688
7$1,082,917$356,636$61,726$664,554
8$1,126,233$372,664$64,195$689,374
9$1,171,283$389,332$66,763$715,188
10$1,218,134$406,667$69,434$742,034
11$1,266,859$424,695$72,211$769,953
12$1,317,534$443,445$75,099$798,990
13$1,370,235$462,944$78,103$829,187
14$1,425,044$483,224$81,228$860,593
15$1,482,046$504,314$84,477$893,255
16$1,541,328$526,249$87,856$927,224
17$1,602,981$549,060$91,370$962,551
18$1,667,100$572,784$95,025$999,291
19$1,733,784$597,457$98,826$1,037,501
20$1,803,136$623,118$102,779$1,077,240
21$1,875,261$649,804$106,890$1,118,567
22$1,950,272$677,558$111,165$1,161,548
23$2,028,283$706,422$115,612$1,206,249
24$2,109,414$736,440$120,237$1,252,737
25$2,193,790$767,660$125,046$1,301,085
26$2,281,542$800,128$130,048$1,351,366
27$2,372,804$833,895$135,250$1,403,659
28$2,467,716$869,012$140,660$1,458,044
29$2,566,425$905,534$146,286$1,514,604
30$2,669,081$943,517$152,138$1,573,426
Total$48,000,000$16,438,718$2,736,000$28,825,281

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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.