USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Dec 11, 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 $37,500,000 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, Dec 11, 2010
Jackpot:$37,500,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$668,629$203,350$38,112$427,167
2$695,374$213,246$39,636$442,492
3$723,189$223,537$41,222$458,430
4$752,116$234,240$42,871$475,005
5$782,201$245,372$44,585$492,244
6$813,489$256,948$46,369$510,172
7$846,029$268,988$48,224$528,817
8$879,870$281,509$50,153$548,208
9$915,065$294,531$52,159$568,375
10$951,667$308,074$54,245$589,348
11$989,734$322,159$56,415$611,160
12$1,029,323$336,807$58,671$633,845
13$1,070,496$352,041$61,018$657,437
14$1,113,316$367,884$63,459$681,973
15$1,157,849$384,361$65,997$707,490
16$1,204,163$401,497$68,637$734,028
17$1,252,329$419,319$71,383$761,627
18$1,302,422$437,853$74,238$790,331
19$1,354,519$457,129$77,208$820,182
20$1,408,700$477,176$80,296$851,228
21$1,465,048$498,025$83,508$883,515
22$1,523,650$519,708$86,848$917,094
23$1,584,596$542,258$90,322$952,016
24$1,647,980$565,710$93,935$988,335
25$1,713,899$590,100$97,692$1,026,107
26$1,782,455$615,465$101,600$1,065,389
27$1,853,753$641,846$105,664$1,106,243
28$1,927,903$669,281$109,890$1,148,731
29$2,005,019$697,814$114,286$1,192,919
30$2,085,220$727,489$118,858$1,238,874
Total$37,500,000$12,553,717$2,137,501$22,808,782

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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.