USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 17, 2009

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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 $163,200,000 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, Jan 17, 2009
Jackpot:$163,200,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,909,872$1,032,610$165,863$1,711,400
2$3,026,267$1,075,676$172,497$1,778,094
3$3,147,318$1,120,465$179,397$1,847,456
4$3,273,210$1,167,045$186,573$1,919,592
5$3,404,139$1,215,489$194,036$1,994,614
6$3,540,304$1,265,870$201,797$2,072,637
7$3,681,917$1,318,266$209,869$2,153,781
8$3,829,193$1,372,759$218,264$2,238,170
9$3,982,361$1,429,431$226,995$2,325,936
10$4,141,655$1,488,370$236,074$2,417,211
11$4,307,322$1,549,666$245,517$2,512,138
12$4,479,615$1,613,415$255,338$2,610,862
13$4,658,799$1,679,713$265,552$2,713,535
14$4,845,151$1,748,663$276,174$2,820,314
15$5,038,957$1,820,371$287,221$2,931,365
16$5,240,515$1,894,948$298,709$3,046,858
17$5,450,136$1,972,508$310,658$3,166,971
18$5,668,141$2,053,170$323,084$3,291,888
19$5,894,867$2,137,058$336,007$3,421,802
20$6,130,662$2,224,302$349,448$3,556,912
21$6,375,888$2,315,036$363,426$3,697,427
22$6,630,924$2,409,399$377,963$3,843,562
23$6,896,161$2,507,537$393,081$3,995,543
24$7,172,007$2,609,600$408,804$4,153,603
25$7,458,887$2,715,746$425,157$4,317,985
26$7,757,243$2,826,137$442,163$4,488,943
27$8,067,533$2,940,944$459,849$4,666,739
28$8,390,234$3,060,344$478,243$4,851,647
29$8,725,843$3,184,519$497,373$5,043,951
30$9,074,877$3,313,662$517,268$5,243,947
Total$163,200,000$59,062,719$9,302,400$94,834,883

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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.