USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Sep 26, 2001

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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 $48,300,000 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, Sep 26, 2001
Jackpot:$48,300,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$861,194$274,599$49,088$537,507
2$895,642$287,345$51,052$557,245
3$931,467$300,600$53,094$577,773
4$968,726$314,386$55,217$599,123
5$1,007,475$328,723$57,426$621,326
6$1,047,774$343,634$59,723$644,417
7$1,089,685$359,141$62,112$668,432
8$1,133,272$375,268$64,597$693,408
9$1,178,603$392,040$67,180$719,382
10$1,225,747$409,484$69,868$746,396
11$1,274,777$427,625$72,662$774,490
12$1,325,768$446,492$75,569$803,708
13$1,378,799$466,113$78,592$834,095
14$1,433,951$486,519$81,735$865,697
15$1,491,309$507,742$85,005$898,563
16$1,550,961$529,813$88,405$932,744
17$1,613,000$552,767$91,941$968,292
18$1,677,520$576,640$95,619$1,005,262
19$1,744,621$601,467$99,443$1,043,710
20$1,814,405$627,287$103,421$1,083,697
21$1,886,982$654,140$107,558$1,125,283
22$1,962,461$682,068$111,860$1,168,533
23$2,040,959$711,112$116,335$1,213,512
24$2,122,598$741,318$120,988$1,260,291
25$2,207,502$772,733$125,828$1,308,941
26$2,295,802$805,404$130,861$1,359,537
27$2,387,634$839,382$136,095$1,412,157
28$2,483,139$874,719$141,539$1,466,881
29$2,582,465$911,469$147,200$1,523,795
30$2,685,763$949,690$153,089$1,582,985
Total$48,300,000$16,549,720$2,753,102$28,997,182

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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.