USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Feb 16, 2002

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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 $27,100,000 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, Feb 16, 2002
Jackpot:$27,100,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$483,196$137,888$27,542$317,766
2$502,524$144,652$28,644$329,227
3$522,624$151,688$29,790$341,147
4$543,529$159,005$30,981$353,544
5$565,271$166,614$32,220$366,436
6$587,881$174,528$33,509$379,844
7$611,397$182,758$34,850$393,789
8$635,853$191,318$36,244$408,291
9$661,287$200,633$37,693$422,960
10$687,738$210,420$39,201$438,117
11$715,248$220,599$40,769$453,880
12$743,858$231,185$42,400$470,273
13$773,612$242,194$44,096$487,322
14$804,556$253,643$45,860$505,054
15$836,739$265,551$47,694$523,494
16$870,208$277,934$49,602$542,672
17$905,016$290,813$51,586$562,617
18$941,217$304,208$53,649$583,360
19$978,866$318,138$55,795$604,933
20$1,018,020$332,625$58,027$627,368
21$1,058,741$347,692$60,348$650,701
22$1,101,091$363,361$62,762$674,968
23$1,145,135$379,657$65,273$700,205
24$1,190,940$396,605$67,884$726,451
25$1,238,578$414,231$70,599$753,748
26$1,288,121$432,562$73,423$782,136
27$1,339,645$451,626$76,360$811,660
28$1,393,231$471,453$79,414$842,364
29$1,448,961$492,073$82,591$874,297
30$1,506,919$513,517$85,894$907,507
Total$27,100,000$8,719,171$1,544,700$16,836,131

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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.