USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Mar 24, 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 $45,200,000 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, Mar 24, 2010
Jackpot:$45,200,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$805,920$254,148$45,937$505,835
2$838,157$266,075$47,775$524,307
3$871,684$278,480$49,686$543,517
4$906,551$291,381$51,673$563,496
5$942,813$304,798$53,740$584,275
6$980,525$318,752$55,890$605,884
7$1,019,747$333,263$58,126$628,358
8$1,060,536$348,356$60,451$651,730
9$1,102,958$364,052$62,869$676,038
10$1,147,076$380,375$65,383$701,317
11$1,192,959$397,352$67,999$727,608
12$1,240,678$415,008$70,719$754,951
13$1,290,305$433,370$73,547$783,387
14$1,341,917$452,466$76,489$812,961
15$1,395,594$472,327$79,549$843,718
16$1,451,417$492,982$82,731$875,705
17$1,509,474$514,463$86,040$908,971
18$1,569,853$536,803$89,482$943,568
19$1,632,647$560,037$93,061$979,549
20$1,697,953$584,200$96,783$1,016,970
21$1,765,871$609,330$100,655$1,055,887
22$1,836,506$635,464$104,681$1,096,361
23$1,909,966$662,645$108,868$1,138,453
24$1,986,365$690,912$113,223$1,182,230
25$2,065,819$720,310$117,752$1,227,757
26$2,148,452$750,885$122,462$1,275,106
27$2,234,390$782,682$127,360$1,324,348
28$2,323,766$815,751$132,455$1,375,561
29$2,416,716$850,142$137,753$1,428,821
30$2,513,385$885,910$143,263$1,484,212
Total$45,200,000$15,402,719$2,576,402$27,220,881

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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.