USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Sep 4, 2002

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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 $70,100,000 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, Sep 4, 2002
Jackpot:$70,100,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,249,890$420,647$71,244$757,999
2$1,299,886$439,145$74,093$786,647
3$1,351,881$458,384$77,057$816,440
4$1,405,956$478,392$80,140$847,425
5$1,462,194$499,200$83,345$879,650
6$1,520,682$520,840$86,679$913,163
7$1,581,510$543,346$90,146$948,017
8$1,644,770$566,753$93,752$984,265
9$1,710,561$591,095$97,502$1,021,964
10$1,778,983$616,412$101,402$1,061,170
11$1,850,142$642,740$105,458$1,101,944
12$1,924,148$670,123$109,676$1,144,349
13$2,001,114$698,600$114,064$1,188,451
14$2,081,159$728,216$118,626$1,234,316
15$2,164,405$759,018$123,371$1,282,016
16$2,250,981$791,051$128,306$1,331,624
17$2,341,020$824,365$133,438$1,383,217
18$2,434,661$859,012$138,776$1,436,873
19$2,532,048$895,045$144,327$1,492,676
20$2,633,330$932,520$150,100$1,550,710
21$2,738,663$971,493$156,104$1,611,066
22$2,848,209$1,012,025$162,348$1,673,836
23$2,962,138$1,054,179$168,842$1,739,117
24$3,080,623$1,098,018$175,596$1,807,009
25$3,203,848$1,143,612$182,619$1,877,617
26$3,332,002$1,191,029$189,924$1,951,049
27$3,465,282$1,240,342$197,521$2,027,419
28$3,603,893$1,291,628$205,422$2,106,843
29$3,748,049$1,344,966$213,639$2,189,444
30$3,897,971$1,400,437$222,184$2,275,350
Total$70,100,000$24,682,633$3,995,701$41,421,666

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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.