USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 16, 2010

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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 $34,600,000 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, Oct 16, 2010
Jackpot:$34,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$616,921$184,692$35,165$397,065
2$641,598$193,349$36,571$411,679
3$667,262$202,844$38,034$426,384
4$693,953$212,720$39,555$441,678
5$721,711$222,990$41,138$457,583
6$750,579$233,672$42,783$474,125
7$780,602$244,780$44,494$491,328
8$811,827$256,333$46,274$509,219
9$844,300$268,348$48,125$527,826
10$878,072$280,844$50,050$547,178
11$913,194$293,839$52,052$567,303
12$949,722$307,354$54,134$588,234
13$987,711$321,410$56,300$610,001
14$1,027,220$336,028$58,552$632,640
15$1,068,308$351,231$60,894$656,183
16$1,111,041$367,042$63,329$680,669
17$1,155,482$383,486$65,862$706,134
18$1,201,702$400,587$68,497$732,618
19$1,249,770$418,372$71,237$760,161
20$1,299,760$436,869$74,086$788,805
21$1,351,751$456,105$77,050$818,596
22$1,405,821$476,111$80,132$849,578
23$1,462,054$496,917$83,337$881,800
24$1,520,536$518,556$86,671$915,310
25$1,581,357$541,059$90,137$950,160
26$1,644,612$564,464$93,743$986,405
27$1,710,396$588,804$97,493$1,024,100
28$1,778,812$614,118$101,392$1,063,302
29$1,849,964$640,444$105,448$1,104,072
30$1,923,963$667,824$109,666$1,146,473
Total$34,600,000$11,481,192$1,972,201$21,146,609

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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.