USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Dec 22, 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 $36,200,000 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:Wed, Dec 22, 2010
Jackpot:$36,200,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$645,450$194,774$36,791$413,885
2$671,268$204,326$38,262$428,679
3$698,118$214,261$39,793$444,065
4$726,043$224,593$41,384$460,065
5$755,085$235,339$43,040$476,706
6$785,288$246,514$44,761$494,013
7$816,700$258,136$46,552$512,012
8$849,368$270,223$48,414$530,730
9$883,342$282,794$50,351$550,198
10$918,676$295,867$52,365$570,444
11$955,423$309,464$54,459$591,500
12$993,640$323,604$56,637$613,398
13$1,033,386$338,310$58,903$636,173
14$1,074,721$353,604$61,259$659,858
15$1,117,710$369,510$63,709$684,490
16$1,162,418$386,052$66,258$710,108
17$1,208,915$403,256$68,908$736,751
18$1,257,272$421,148$71,664$764,459
19$1,307,562$439,755$74,531$793,276
20$1,359,865$459,107$77,512$823,245
21$1,414,260$479,233$80,613$854,413
22$1,470,830$500,164$83,837$886,828
23$1,529,663$521,933$87,191$920,540
24$1,590,850$544,572$90,678$955,600
25$1,654,484$568,116$94,306$992,062
26$1,720,663$592,603$98,078$1,029,983
27$1,789,489$618,068$102,001$1,069,420
28$1,861,069$644,553$106,081$1,110,435
29$1,935,512$672,097$110,324$1,153,091
30$2,012,932$700,742$114,737$1,197,453
Total$36,200,000$12,072,718$2,063,399$22,063,880

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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.