USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for May 10, 2000

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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 $29,400,000 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:Wed, May 10, 2000
Jackpot:$29,400,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$524,205$152,241$29,880$342,084
2$545,173$159,580$31,075$354,518
3$566,980$167,212$32,318$367,450
4$589,659$175,150$33,611$380,899
5$613,246$183,405$34,955$394,885
6$637,775$191,991$36,353$409,432
7$663,286$201,373$37,807$424,106
8$689,818$211,190$39,320$439,308
9$717,411$221,399$40,892$455,119
10$746,107$232,017$42,528$471,562
11$775,951$243,059$44,229$488,663
12$806,989$254,543$45,998$506,448
13$839,269$266,487$47,838$524,944
14$872,840$278,908$49,752$544,180
15$907,753$291,826$51,742$564,185
16$944,063$305,261$53,812$584,991
17$981,826$319,233$55,964$606,629
18$1,021,099$333,764$58,203$629,132
19$1,061,943$348,876$60,531$652,536
20$1,104,421$364,593$62,952$676,876
21$1,148,598$380,938$65,470$702,189
22$1,194,541$397,938$68,089$728,515
23$1,242,323$415,617$70,812$755,894
24$1,292,016$434,003$73,645$784,368
25$1,343,697$453,125$76,591$813,981
26$1,397,445$473,012$79,654$844,778
27$1,453,342$493,694$82,841$876,808
28$1,511,476$515,203$86,154$910,118
29$1,571,935$537,573$89,600$944,762
30$1,634,812$560,838$93,184$980,790
Total$29,400,000$9,564,049$1,675,800$18,160,150

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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.