USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for May 17, 1997

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The tax information provided here is based on 2024 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 $11,000,000 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, May 17, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$196,131$40,448$11,179$144,503
2$203,976$42,959$11,627$149,391
3$212,135$45,570$12,092$154,474
4$220,621$48,285$12,575$159,760
5$229,446$51,109$13,078$165,258
6$238,623$54,046$13,602$170,976
7$248,168$57,234$14,146$176,789
8$258,095$60,708$14,711$182,676
9$268,419$64,321$15,300$188,798
10$279,156$68,079$15,912$195,165
11$290,322$71,987$16,548$201,786
12$301,935$76,052$17,210$208,673
13$314,012$80,279$17,899$215,834
14$326,573$84,675$18,615$223,283
15$339,636$89,247$19,359$231,029
16$353,221$94,002$20,134$239,085
17$367,350$98,947$20,939$247,464
18$382,044$104,090$21,776$256,177
19$397,326$109,439$22,648$265,239
20$413,219$115,001$23,553$274,664
21$429,747$120,786$24,496$284,465
22$446,937$126,803$25,475$294,659
23$464,815$133,060$26,494$305,260
24$483,407$139,567$27,554$316,286
25$502,744$146,335$28,656$327,752
26$522,853$153,373$29,803$339,677
27$543,768$160,693$30,995$352,079
28$565,518$168,306$32,235$364,978
29$588,139$176,223$33,524$378,392
30$611,665$184,504$34,865$392,296
Total$11,000,000$2,966,128$627,000$7,406,868

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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.