USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 19, 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 $76,000,000 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 19, 1999
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,355,088$457,340$77,240$820,508
2$1,409,291$477,395$80,330$851,567
3$1,465,663$498,252$83,543$883,867
4$1,524,289$519,944$86,884$917,460
5$1,585,261$542,504$90,360$952,397
6$1,648,671$565,966$93,974$988,731
7$1,714,618$590,366$97,733$1,026,519
8$1,783,203$615,742$101,643$1,065,818
9$1,854,531$642,134$105,708$1,106,689
10$1,928,712$669,581$109,937$1,149,195
11$2,005,861$698,126$114,334$1,193,401
12$2,086,095$727,812$118,907$1,239,375
13$2,169,539$758,687$123,664$1,287,188
14$2,256,320$790,796$128,610$1,336,914
15$2,346,573$824,189$133,755$1,388,629
16$2,440,436$858,919$139,105$1,442,413
17$2,538,054$895,037$144,669$1,498,347
18$2,639,576$932,600$150,456$1,556,520
19$2,745,159$971,666$156,474$1,617,019
20$2,854,965$1,012,294$162,733$1,679,938
21$2,969,164$1,054,548$169,242$1,745,374
22$3,087,930$1,098,491$176,012$1,813,427
23$3,211,447$1,144,193$183,053$1,884,202
24$3,339,905$1,191,722$190,375$1,957,808
25$3,473,502$1,241,153$197,990$2,034,359
26$3,612,442$1,292,561$205,909$2,113,972
27$3,756,939$1,346,025$214,146$2,196,769
28$3,907,217$1,401,627$222,711$2,282,878
29$4,063,505$1,459,454$231,620$2,372,431
30$4,226,046$1,519,594$240,885$2,465,567
Total$76,000,000$26,798,718$4,332,002$44,869,282

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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.