USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Feb 20, 2002

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The tax information provided here is based on 2024 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 $32,000,000 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:Wed, Feb 20, 2002
Jackpot:$32,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$570,563$170,072$32,522$367,969
2$593,386$178,060$33,823$381,503
3$617,121$186,523$35,176$395,423
4$641,806$195,656$36,583$409,567
5$667,478$205,155$38,046$424,277
6$694,177$215,033$39,568$439,576
7$721,944$225,307$41,151$455,486
8$750,822$235,992$42,797$472,033
9$780,855$247,104$44,509$489,242
10$812,089$258,661$46,289$507,139
11$844,573$270,680$48,141$525,753
12$878,356$283,179$50,066$545,110
13$913,490$296,179$52,069$565,242
14$950,030$309,699$54,152$586,179
15$988,031$323,759$56,318$607,954
16$1,027,552$338,382$58,570$630,600
17$1,068,654$353,590$60,913$654,151
18$1,111,400$369,406$63,350$678,645
19$1,155,856$385,855$65,884$704,118
20$1,202,091$402,961$68,519$730,610
21$1,250,174$420,752$71,260$758,162
22$1,300,181$439,255$74,110$786,816
23$1,352,188$458,497$77,075$816,616
24$1,406,276$478,510$80,158$847,608
25$1,462,527$499,323$83,364$879,840
26$1,521,028$520,968$86,699$913,361
27$1,581,869$543,479$90,167$948,223
28$1,645,144$566,891$93,773$984,480
29$1,710,950$591,239$97,524$1,022,186
30$1,779,388$616,561$101,425$1,061,401
Total$32,000,000$10,586,728$1,824,001$19,589,270

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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.