USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Mar 28, 2007

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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 $30,100,000 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, Mar 28, 2007
Jackpot:$30,100,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$536,686$156,609$30,591$349,486
2$558,153$164,123$31,815$362,216
3$580,480$171,937$33,087$375,455
4$603,699$180,064$34,411$389,224
5$627,847$188,516$35,787$403,544
6$652,961$197,553$37,219$418,189
7$679,079$207,216$38,708$433,155
8$706,242$217,267$40,256$448,719
9$734,492$227,719$41,866$464,907
10$763,872$238,590$43,541$481,741
11$794,426$249,895$45,282$499,249
12$826,203$261,653$47,094$517,457
13$859,252$273,880$48,977$536,394
14$893,622$286,597$50,936$556,088
15$929,366$299,823$52,974$576,570
16$966,541$313,577$55,093$597,871
17$1,005,203$327,882$57,297$620,024
18$1,045,411$342,759$59,588$643,063
19$1,087,227$358,231$61,972$667,024
20$1,130,716$374,322$64,451$691,943
21$1,175,945$391,057$67,029$717,859
22$1,222,983$408,461$69,710$744,812
23$1,271,902$426,561$72,498$772,843
24$1,322,778$445,385$75,398$801,995
25$1,375,689$464,962$78,414$832,313
26$1,430,717$485,323$81,551$863,844
27$1,487,946$506,497$84,813$896,636
28$1,547,464$528,519$88,205$930,739
29$1,609,362$551,421$91,734$966,207
30$1,673,737$575,240$95,403$1,003,094
Total$30,100,000$9,821,639$1,715,700$18,562,661

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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.