USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jul 17, 2002

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The tax information provided here is based on 2025 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$187,966$35,571$400,516
2$649,016$197,156$36,994$414,866
3$674,976$206,761$38,474$429,741
4$701,975$216,751$40,013$445,212
5$730,054$227,140$41,613$461,301
6$759,256$237,945$43,278$478,034
7$789,627$249,182$45,009$495,436
8$821,212$260,869$46,809$513,534
9$854,060$273,023$48,681$532,356
10$888,223$285,663$50,629$551,931
11$923,752$298,808$52,654$572,289
12$960,702$312,480$54,760$593,462
13$999,130$326,698$56,950$615,481
14$1,039,095$341,485$59,228$638,381
15$1,080,659$356,864$61,598$662,197
16$1,123,885$372,858$64,061$686,966
17$1,168,840$389,491$66,624$712,725
18$1,215,594$406,790$69,289$739,515
19$1,264,218$424,781$72,060$767,377
20$1,314,787$443,491$74,943$796,352
21$1,367,378$462,950$77,941$826,487
22$1,422,073$483,187$81,058$857,828
23$1,478,956$504,234$84,300$890,422
24$1,538,114$526,123$87,673$924,319
25$1,599,639$548,887$91,179$959,573
26$1,663,624$572,561$94,827$996,237
27$1,730,169$597,183$98,620$1,034,367
28$1,799,376$622,789$102,564$1,074,022
29$1,871,351$649,420$106,667$1,115,264
30$1,946,205$677,116$110,934$1,158,155
Total$35,000,000$11,660,652$1,995,001$21,344,346

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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.