USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jul 17, 2002

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $35,000,000 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, Jul 17, 2002
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$624,053$189,088$35,571$399,395
2$649,016$198,324$36,994$413,698
3$674,976$207,929$38,474$428,574
4$701,975$217,919$40,013$444,044
5$730,054$228,308$41,613$460,133
6$759,256$239,113$43,278$476,866
7$789,627$250,350$45,009$494,268
8$821,212$262,036$46,809$512,367
9$854,060$274,190$48,681$531,189
10$888,223$286,830$50,629$550,764
11$923,752$299,976$52,654$571,122
12$960,702$313,647$54,760$592,294
13$999,130$327,866$56,950$614,314
14$1,039,095$342,653$59,228$637,214
15$1,080,659$358,031$61,598$661,030
16$1,123,885$374,025$64,061$685,798
17$1,168,840$390,659$66,624$711,558
18$1,215,594$407,958$69,289$738,348
19$1,264,218$425,948$72,060$766,209
20$1,314,787$444,659$74,943$795,185
21$1,367,378$464,118$77,941$825,320
22$1,422,073$484,355$81,058$856,660
23$1,478,956$505,401$84,300$889,254
24$1,538,114$527,290$87,673$923,152
25$1,599,639$550,054$91,179$958,405
26$1,663,624$573,729$94,827$995,069
27$1,730,169$598,350$98,620$1,033,199
28$1,799,376$623,957$102,564$1,072,855
29$1,871,351$650,588$106,667$1,114,096
30$1,946,205$678,284$110,934$1,156,988
Total$35,000,000$11,695,635$1,995,001$21,309,368

◄ Back to Jackpot Analysis

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.