USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 8, 2005

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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 $20,100,000 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, Jun 8, 2005
Jackpot:$20,100,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$358,385$94,982$20,428$242,975
2$372,720$99,999$21,245$251,476
3$387,629$105,217$22,095$260,317
4$403,134$110,644$22,979$269,511
5$419,260$116,288$23,898$279,074
6$436,030$122,158$24,854$289,019
7$453,471$128,262$25,848$299,361
8$471,610$134,611$26,882$310,118
9$490,475$141,213$27,957$321,304
10$510,094$148,080$29,075$332,938
11$530,497$155,221$30,238$345,038
12$551,717$162,648$31,448$357,621
13$573,786$170,372$32,706$370,708
14$596,737$178,405$34,014$384,318
15$620,607$186,760$35,375$398,473
16$645,431$195,830$36,790$412,812
17$671,248$205,382$38,261$427,605
18$698,098$215,317$39,792$442,990
19$726,022$225,648$41,383$458,990
20$755,063$236,394$43,039$475,631
21$785,266$247,569$44,760$492,937
22$816,676$259,190$46,551$510,935
23$849,343$271,277$48,413$529,653
24$883,317$283,848$50,349$549,120
25$918,650$296,921$52,363$569,366
26$955,396$310,517$54,458$590,422
27$993,612$324,657$56,636$612,319
28$1,033,356$339,362$58,901$635,093
29$1,074,690$354,656$61,257$658,777
30$1,117,678$370,561$63,708$683,409
Total$20,100,000$6,191,989$1,145,703$12,762,310

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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.