USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Aug 24, 1994

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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 $10,600,000 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, Aug 24, 1994
Jackpot:$10,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$188,999$37,958$10,773$140,268
2$196,559$39,772$11,204$145,583
3$204,421$41,871$11,652$150,899
4$212,598$44,487$12,118$155,993
5$221,102$47,209$12,603$161,291
6$229,946$50,039$13,107$166,801
7$239,144$52,982$13,631$172,531
8$248,710$56,043$14,176$178,490
9$258,658$59,300$14,744$184,615
10$269,005$62,921$15,333$190,750
11$279,765$66,687$15,947$197,131
12$290,955$70,604$16,584$203,767
13$302,594$74,677$17,248$210,669
14$314,697$78,913$17,938$217,846
15$327,285$83,319$18,655$225,311
16$340,377$87,901$19,401$233,074
17$353,992$92,666$20,178$241,148
18$368,151$97,622$20,985$249,544
19$382,877$102,776$21,824$258,277
20$398,192$108,137$22,697$267,359
21$414,120$113,711$23,605$276,804
22$430,685$119,509$24,549$286,627
23$447,912$125,539$25,531$296,843
24$465,829$131,809$26,552$307,467
25$484,462$138,331$27,614$318,517
26$503,841$145,113$28,719$330,008
27$523,994$152,167$29,868$341,959
28$544,954$159,503$31,062$354,388
29$566,752$167,132$32,305$367,315
30$589,422$175,067$33,597$380,758
Total$10,600,000$2,783,765$604,200$7,212,033

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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.