USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Feb 7, 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 $66,600,000 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, Feb 7, 2009
Jackpot:$66,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,187,485$395,327$67,687$724,471
2$1,234,984$412,901$70,394$751,689
3$1,284,383$431,179$73,210$779,994
4$1,335,759$450,188$76,138$809,432
5$1,389,189$469,957$79,184$840,048
6$1,444,757$490,517$82,351$871,888
7$1,502,547$511,900$85,645$905,002
8$1,562,649$534,137$89,071$939,440
9$1,625,155$557,264$92,634$975,256
10$1,690,161$581,317$96,339$1,012,505
11$1,757,767$606,331$100,193$1,051,243
12$1,828,078$632,346$104,200$1,091,531
13$1,901,201$659,402$108,368$1,133,431
14$1,977,249$687,539$112,703$1,177,007
15$2,056,339$716,803$117,211$1,222,325
16$2,138,593$747,237$121,900$1,269,456
17$2,224,136$778,888$126,776$1,318,473
18$2,313,102$811,805$131,847$1,369,450
19$2,405,626$846,039$137,121$1,422,466
20$2,501,851$881,642$142,606$1,477,603
21$2,601,925$918,669$148,310$1,534,946
22$2,706,002$957,178$154,242$1,594,582
23$2,814,242$997,227$160,412$1,656,603
24$2,926,812$1,038,878$166,828$1,721,106
25$3,043,884$1,082,194$173,501$1,788,188
26$3,165,640$1,127,244$180,441$1,857,954
27$3,292,265$1,174,095$187,659$1,930,511
28$3,423,956$1,222,821$195,165$2,005,969
29$3,560,914$1,273,495$202,972$2,084,446
30$3,703,351$1,326,197$211,091$2,166,063
Total$66,600,000$23,320,717$3,796,199$39,483,078

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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.