USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Sep 8, 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 $63,700,000 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, Sep 8, 2010
Jackpot:$63,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,135,777$376,195$64,739$694,843
2$1,181,208$393,004$67,329$720,875
3$1,228,457$410,486$70,022$747,948
4$1,277,595$428,667$72,823$776,105
5$1,328,699$447,576$75,736$805,387
6$1,381,847$467,241$78,765$835,841
7$1,437,121$487,692$81,916$867,513
8$1,494,605$508,961$85,193$900,452
9$1,554,390$531,081$88,600$934,708
10$1,616,565$554,086$92,144$970,335
11$1,681,228$578,012$95,830$1,007,386
12$1,748,477$602,894$99,663$1,045,920
13$1,818,416$628,771$103,650$1,085,995
14$1,891,153$655,684$107,796$1,127,673
15$1,966,799$683,673$112,108$1,171,018
16$2,045,471$712,781$116,592$1,216,098
17$2,127,290$743,054$121,256$1,262,980
18$2,212,381$774,538$126,106$1,311,737
19$2,300,876$807,282$131,150$1,362,445
20$2,392,911$841,335$136,396$1,415,181
21$2,488,628$876,750$141,852$1,470,027
22$2,588,173$913,581$147,526$1,527,066
23$2,691,700$951,886$153,427$1,586,387
24$2,799,368$991,723$159,564$1,648,081
25$2,911,343$1,033,154$165,947$1,712,242
26$3,027,796$1,076,242$172,584$1,778,970
27$3,148,908$1,121,053$179,488$1,848,367
28$3,274,865$1,167,657$186,667$1,920,540
29$3,405,859$1,216,125$194,134$1,995,600
30$3,542,094$1,266,532$201,899$2,073,662
Total$63,700,000$22,247,716$3,630,902$37,821,382

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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.