USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 10, 2007

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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 $84,100,000 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:Sat, Nov 10, 2007
Jackpot:$84,100,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,499,511$511,839$85,472$902,200
2$1,559,492$534,032$88,891$936,569
3$1,621,871$557,113$92,447$972,312
4$1,686,746$581,116$96,145$1,009,485
5$1,754,216$606,080$99,990$1,048,146
6$1,824,385$632,043$103,990$1,088,352
7$1,897,360$659,044$108,150$1,130,167
8$1,973,255$687,124$112,476$1,173,655
9$2,052,185$716,329$116,975$1,218,882
10$2,134,272$746,701$121,654$1,265,918
11$2,219,643$778,288$126,520$1,314,835
12$2,308,429$811,139$131,580$1,365,709
13$2,400,766$845,304$136,844$1,418,619
14$2,496,797$880,835$142,317$1,473,644
15$2,596,668$917,788$148,010$1,530,871
16$2,700,535$956,218$153,931$1,590,386
17$2,808,557$996,186$160,088$1,652,283
18$2,920,899$1,037,753$166,491$1,716,655
19$3,037,735$1,080,982$173,151$1,783,602
20$3,159,244$1,125,941$180,077$1,853,227
21$3,285,614$1,172,697$187,280$1,925,637
22$3,417,039$1,221,325$194,771$2,000,943
23$3,553,720$1,271,897$202,562$2,079,261
24$3,695,869$1,324,492$210,665$2,160,713
25$3,843,704$1,379,191$219,091$2,245,422
26$3,997,452$1,436,077$227,855$2,333,520
27$4,157,350$1,495,240$236,969$2,425,141
28$4,323,644$1,556,768$246,448$2,520,428
29$4,496,590$1,620,758$256,306$2,619,526
30$4,676,453$1,687,308$266,558$2,722,587
Total$84,100,000$29,827,608$4,793,704$49,478,695

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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.