USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 22, 2008

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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 $57,600,000 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 22, 2008
Jackpot:$57,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,027,014$337,015$58,540$631,459
2$1,068,094$352,215$60,881$654,998
3$1,110,818$368,023$63,317$679,478
4$1,155,251$384,463$65,849$704,938
5$1,201,461$401,561$68,483$731,417
6$1,249,519$419,342$71,223$758,954
7$1,299,500$437,835$74,071$787,593
8$1,351,480$457,068$77,034$817,378
9$1,405,539$477,070$80,116$848,354
10$1,461,761$497,872$83,320$880,569
11$1,520,231$519,506$86,653$914,072
12$1,581,040$542,005$90,119$948,916
13$1,644,282$565,405$93,724$985,153
14$1,710,053$589,740$97,473$1,022,840
15$1,778,455$615,049$101,372$1,062,035
16$1,849,594$641,370$105,427$1,102,797
17$1,923,577$668,744$109,644$1,145,190
18$2,000,521$697,213$114,030$1,189,278
19$2,080,541$726,821$118,591$1,235,130
20$2,163,763$757,613$123,334$1,282,816
21$2,250,314$789,636$128,268$1,332,409
22$2,340,326$822,941$133,399$1,383,987
23$2,433,939$857,578$138,735$1,437,627
24$2,531,297$893,600$144,284$1,493,413
25$2,632,549$931,063$150,055$1,551,430
26$2,737,850$970,025$156,057$1,611,768
27$2,847,364$1,010,545$162,300$1,674,520
28$2,961,259$1,052,686$168,792$1,739,781
29$3,079,709$1,096,513$175,543$1,807,653
30$3,202,898$1,142,092$182,565$1,878,240
Total$57,600,000$20,022,609$3,283,199$34,294,193

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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.