USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jul 6, 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 $20,900,000 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, Jul 6, 2002
Jackpot:$20,900,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$372,649$99,196$21,241$252,212
2$387,555$104,414$22,091$261,051
3$403,057$109,839$22,974$270,244
4$419,180$115,482$23,893$279,804
5$435,947$121,351$24,849$289,747
6$453,385$127,454$25,843$300,088
7$471,520$133,801$26,877$310,842
8$490,381$140,403$27,952$322,027
9$509,996$147,268$29,070$333,658
10$530,396$154,408$30,233$345,755
11$551,612$161,833$31,442$358,336
12$573,676$169,556$32,700$371,421
13$596,623$177,587$34,008$385,028
14$620,488$185,940$35,368$399,180
15$645,308$194,721$36,783$413,804
16$671,120$204,272$38,254$428,594
17$697,965$214,204$39,784$443,977
18$725,883$224,534$41,375$459,974
19$754,919$235,277$43,030$476,611
20$785,115$246,450$44,752$493,914
21$816,520$258,070$46,542$511,909
22$849,181$270,154$48,403$530,623
23$883,148$282,722$50,339$550,087
24$918,474$295,793$52,353$570,328
25$955,213$309,386$54,447$591,380
26$993,421$323,523$56,625$613,273
27$1,033,158$338,226$58,890$636,042
28$1,074,485$353,517$61,246$659,722
29$1,117,464$369,419$63,695$684,350
30$1,162,163$385,957$66,243$709,962
Total$20,900,000$6,454,757$1,191,302$13,253,943

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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.