USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Mar 29, 2008

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The tax information provided here is based on 2024 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 $37,800,000 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, Mar 29, 2008
Jackpot:$37,800,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$673,978$207,560$38,417$428,001
2$700,937$217,534$39,953$443,449
3$728,974$227,908$41,552$459,515
4$758,133$238,697$43,214$476,223
5$788,459$249,917$44,942$493,599
6$819,997$261,587$46,740$511,671
7$852,797$273,723$48,609$530,465
8$886,909$286,344$50,554$550,011
9$922,385$299,470$52,576$570,339
10$959,280$313,122$54,679$591,480
11$997,652$327,319$56,866$613,467
12$1,037,558$342,084$59,141$636,333
13$1,079,060$357,440$61,506$660,114
14$1,122,222$373,410$63,967$684,846
15$1,167,111$390,019$66,525$710,567
16$1,213,796$407,292$69,186$737,317
17$1,262,348$425,256$71,954$765,137
18$1,312,842$443,939$74,832$794,070
19$1,365,355$463,369$77,825$824,161
20$1,419,969$483,576$80,938$855,455
21$1,476,768$504,592$84,176$888,000
22$1,535,839$526,448$87,543$921,848
23$1,597,273$549,179$91,045$957,049
24$1,661,163$572,818$94,686$993,659
25$1,727,610$597,403$98,474$1,031,733
26$1,796,714$622,972$102,413$1,071,330
27$1,868,583$649,563$106,509$1,112,510
28$1,943,326$677,218$110,770$1,155,338
29$2,021,059$705,980$115,200$1,199,879
30$2,101,902$735,891$119,808$1,246,202
Total$37,800,000$12,731,630$2,154,600$22,913,768

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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.