USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Sep 8, 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 $22,000,000 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, Sep 8, 2001
Jackpot:$22,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$392,262$106,061$22,359$263,842
2$407,953$111,553$23,253$273,147
3$424,271$117,264$24,183$282,823
4$441,242$123,204$25,151$292,887
5$458,891$129,381$26,157$303,353
6$477,247$135,806$27,203$314,238
7$496,337$142,487$28,291$325,558
8$516,190$149,436$29,423$337,332
9$536,838$156,663$30,600$349,576
10$558,311$164,178$31,824$362,309
11$580,644$171,995$33,097$375,553
12$603,870$180,124$34,421$389,325
13$628,024$188,578$35,797$403,649
14$653,145$197,621$37,229$418,295
15$679,271$207,288$38,718$433,265
16$706,442$217,341$40,267$448,834
17$734,700$227,796$41,878$465,026
18$764,088$238,670$43,553$481,865
19$794,651$249,978$45,295$499,378
20$826,437$261,739$47,107$517,591
21$859,495$273,970$48,991$536,533
22$893,875$286,691$50,951$556,233
23$929,630$299,920$52,989$576,720
24$966,815$313,679$55,108$598,028
25$1,005,487$327,988$57,313$620,187
26$1,045,707$342,869$59,605$643,233
27$1,087,535$358,345$61,989$667,200
28$1,131,036$374,441$64,469$692,127
29$1,176,278$391,180$67,048$718,050
30$1,223,329$408,589$69,730$745,010
Total$22,000,000$6,854,835$1,253,999$13,891,167

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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.