USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for May 4, 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 $54,400,000 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, May 4, 2002
Jackpot:$54,400,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$969,957$314,841$55,288$599,828
2$1,008,756$329,197$57,499$622,060
3$1,049,106$344,126$59,799$645,180
4$1,091,070$359,653$62,191$669,226
5$1,134,713$375,801$64,679$694,233
6$1,180,101$392,595$67,266$720,241
7$1,227,306$410,060$69,956$747,289
8$1,276,398$428,224$72,755$775,419
9$1,327,454$447,115$75,665$804,674
10$1,380,552$466,761$78,691$835,099
11$1,435,774$487,194$81,839$866,741
12$1,493,205$508,443$85,113$899,649
13$1,552,933$530,542$88,517$933,873
14$1,615,050$553,526$92,058$969,467
15$1,679,652$577,429$95,740$1,006,484
16$1,746,838$602,287$99,570$1,044,981
17$1,816,712$628,141$103,553$1,085,019
18$1,889,380$655,028$107,695$1,126,658
19$1,964,956$682,991$112,002$1,169,962
20$2,043,554$712,072$116,483$1,214,999
21$2,125,296$742,317$121,142$1,261,837
22$2,210,308$773,771$125,988$1,310,549
23$2,298,720$806,484$131,027$1,361,209
24$2,390,669$840,505$136,268$1,413,896
25$2,486,296$875,887$141,719$1,468,690
26$2,585,748$912,684$147,388$1,525,676
27$2,689,178$950,953$153,283$1,584,941
28$2,796,745$990,753$159,414$1,646,577
29$2,908,614$1,032,145$165,791$1,710,679
30$3,024,959$1,075,192$172,423$1,777,344
Total$54,400,000$18,806,717$3,100,802$32,492,480

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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.