USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Dec 11, 1999

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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 $47,400,000 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, Dec 11, 1999
Jackpot:$47,400,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$845,147$268,662$48,173$528,312
2$878,953$281,170$50,100$547,683
3$914,111$294,178$52,104$567,828
4$950,675$307,707$54,188$588,780
5$988,702$321,777$56,356$610,569
6$1,028,250$336,410$58,610$633,230
7$1,069,380$351,628$60,955$656,798
8$1,112,155$367,455$63,393$681,308
9$1,156,642$383,915$65,929$706,798
10$1,202,907$401,033$68,566$733,309
11$1,251,024$418,836$71,308$760,879
12$1,301,065$437,351$74,161$789,553
13$1,353,107$456,607$77,127$819,373
14$1,407,231$476,633$80,212$850,386
15$1,463,521$497,460$83,421$882,640
16$1,522,061$519,120$86,758$916,184
17$1,582,944$541,646$90,228$951,070
18$1,646,262$565,074$93,837$987,351
19$1,712,112$589,439$97,590$1,025,083
20$1,780,597$614,778$101,494$1,064,325
21$1,851,820$641,131$105,554$1,105,136
22$1,925,893$668,538$109,776$1,147,580
23$2,002,929$697,041$114,167$1,191,721
24$2,083,046$726,684$118,734$1,237,628
25$2,166,368$757,513$123,483$1,285,372
26$2,253,023$789,576$128,422$1,335,025
27$2,343,144$822,920$133,559$1,386,664
28$2,436,869$857,599$138,902$1,440,369
29$2,534,344$893,665$144,458$1,496,222
30$2,635,718$931,173$150,236$1,554,309
Total$47,400,000$16,216,719$2,701,801$28,481,485

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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.