USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jul 10, 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 $25,500,000 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, Jul 10, 2002
Jackpot:$25,500,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$454,668$127,903$25,916$300,849
2$472,854$134,268$26,953$311,633
3$491,768$140,888$28,031$322,849
4$511,439$147,773$29,152$334,514
5$531,897$154,933$30,318$346,645
6$553,173$162,380$31,531$359,262
7$575,299$170,124$32,792$372,383
8$598,311$178,178$34,104$386,029
9$622,244$186,555$35,468$400,221
10$647,134$195,397$36,887$414,850
11$673,019$204,974$38,362$429,683
12$699,940$214,935$39,897$445,108
13$727,937$225,294$41,492$461,151
14$757,055$236,068$43,152$477,835
15$787,337$247,272$44,878$495,187
16$818,831$258,925$46,673$513,233
17$851,584$271,043$48,540$532,000
18$885,647$283,647$50,482$551,519
19$921,073$296,754$52,501$571,818
20$957,916$310,386$54,601$592,929
21$996,233$324,563$56,785$614,884
22$1,036,082$339,308$59,057$637,718
23$1,077,525$354,642$61,419$661,465
24$1,120,626$370,589$63,876$686,162
25$1,165,451$387,174$66,431$711,846
26$1,212,069$404,423$69,088$738,558
27$1,260,552$422,361$71,851$766,339
28$1,310,974$441,018$74,726$795,231
29$1,363,413$460,420$77,715$825,278
30$1,417,950$480,599$80,823$856,528
Total$25,500,000$8,132,794$1,453,501$15,913,707

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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.