USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 20, 2004

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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 $83,200,000 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, Nov 20, 2004
Jackpot:$83,200,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,483,464$504,839$84,557$894,068
2$1,542,803$526,794$87,940$928,069
3$1,604,515$549,628$91,457$963,430
4$1,668,696$573,375$95,116$1,000,205
5$1,735,443$598,071$98,920$1,038,452
6$1,804,861$623,756$102,877$1,078,228
7$1,877,056$650,468$106,992$1,119,596
8$1,952,138$678,248$111,272$1,162,618
9$2,030,223$707,140$115,723$1,207,361
10$2,111,432$737,187$120,352$1,253,893
11$2,195,889$768,436$125,166$1,302,287
12$2,283,725$800,936$130,172$1,352,617
13$2,375,074$834,735$135,379$1,404,960
14$2,470,077$869,886$140,794$1,459,397
15$2,568,880$906,443$146,426$1,516,011
16$2,671,635$944,462$152,283$1,574,890
17$2,778,501$984,003$158,375$1,636,124
18$2,889,641$1,025,124$164,710$1,699,807
19$3,005,226$1,067,891$171,298$1,766,037
20$3,125,435$1,112,368$178,150$1,834,917
21$3,250,453$1,158,625$185,276$1,906,552
22$3,380,471$1,206,732$192,687$1,981,053
23$3,515,690$1,256,762$200,394$2,058,533
24$3,656,317$1,308,795$208,410$2,139,113
25$3,802,570$1,362,908$216,746$2,222,915
26$3,954,673$1,419,186$225,416$2,310,070
27$4,112,860$1,477,715$234,433$2,400,711
28$4,277,374$1,538,586$243,810$2,494,978
29$4,448,469$1,601,891$253,563$2,593,016
30$4,626,408$1,667,728$263,705$2,694,974
Total$83,200,000$29,462,718$4,742,399$48,994,882

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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.