USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Feb 19, 2003

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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 $33,500,000 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, Feb 19, 2003
Jackpot:$33,500,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$597,308$177,827$34,047$385,435
2$621,201$186,189$35,408$399,603
3$646,049$194,995$36,825$414,229
4$671,891$204,557$38,298$429,036
5$698,766$214,501$39,830$444,436
6$726,717$224,843$41,423$460,452
7$755,786$235,598$43,080$477,108
8$786,017$246,784$44,803$494,430
9$817,458$258,417$46,595$512,446
10$850,156$270,515$48,459$531,182
11$884,162$283,097$50,397$550,668
12$919,529$296,183$52,413$570,933
13$956,310$309,792$54,510$592,008
14$994,562$323,945$56,690$613,927
15$1,034,345$338,665$58,958$636,722
16$1,075,719$353,973$61,316$660,429
17$1,118,747$369,894$63,769$685,085
18$1,163,497$386,451$66,319$710,727
19$1,210,037$403,671$68,972$737,394
20$1,258,439$421,580$71,731$765,128
21$1,308,776$440,204$74,600$793,971
22$1,361,127$459,574$77,584$823,969
23$1,415,572$479,719$80,688$855,166
24$1,472,195$500,669$83,915$887,611
25$1,531,083$522,458$87,272$921,353
26$1,592,326$545,118$90,763$956,446
27$1,656,019$568,684$94,393$992,942
28$1,722,260$593,193$98,169$1,030,898
29$1,791,150$618,683$102,096$1,070,372
30$1,862,796$645,192$106,179$1,111,425
Total$33,500,000$11,074,971$1,909,502$20,515,531

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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.