USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Aug 5, 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 $14,000,000 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, Aug 5, 2000
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$249,621$56,335$14,228$179,058
2$259,606$59,631$14,798$185,177
3$269,990$63,266$15,389$191,335
4$280,790$67,046$16,005$197,739
5$292,022$70,977$16,645$204,400
6$303,703$75,065$17,311$211,326
7$315,851$79,317$18,003$218,530
8$328,485$83,739$18,724$226,022
9$341,624$88,338$19,473$233,814
10$355,289$93,120$20,251$241,917
11$369,501$98,094$21,062$250,345
12$384,281$103,267$21,904$259,109
13$399,652$108,647$22,780$268,224
14$415,638$114,243$23,691$277,704
15$432,263$120,061$24,639$287,563
16$449,554$126,113$25,625$297,816
17$467,536$132,407$26,650$308,480
18$486,238$138,952$27,716$319,570
19$505,687$145,760$28,824$331,103
20$525,915$152,839$29,977$343,098
21$546,951$160,202$31,176$355,573
22$568,829$167,859$32,423$368,546
23$591,582$175,823$33,720$382,039
24$615,246$184,105$35,069$396,071
25$639,856$192,719$36,472$410,665
26$665,450$202,174$37,931$425,345
27$692,068$212,022$39,448$440,598
28$719,750$222,265$41,026$456,460
29$748,540$232,917$42,667$472,956
30$778,482$243,996$44,373$490,113
Total$14,000,000$3,971,299$798,000$9,230,696

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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.