USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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The tax information provided here is based on 2024 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 $125,800,000 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, Oct 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$127,853$1,327,066
2$2,332,748$821,304$132,967$1,378,477
3$2,426,057$855,829$138,285$1,431,943
4$2,523,100$891,735$143,817$1,487,548
5$2,624,024$929,077$149,569$1,545,378
6$2,728,985$967,912$155,552$1,605,520
7$2,838,144$1,008,301$161,774$1,668,069
8$2,951,670$1,050,306$168,245$1,733,119
9$3,069,737$1,093,990$174,975$1,800,771
10$3,192,526$1,139,422$181,974$1,871,130
11$3,320,227$1,186,672$189,253$1,944,302
12$3,453,036$1,235,811$196,823$2,020,402
13$3,591,158$1,286,916$204,696$2,099,546
14$3,734,804$1,340,065$212,884$2,181,855
15$3,884,196$1,395,340$221,399$2,267,457
16$4,039,564$1,452,826$230,255$2,356,482
17$4,201,147$1,512,612$239,465$2,449,069
18$4,369,192$1,574,789$249,044$2,545,359
19$4,543,960$1,639,453$259,006$2,645,501
20$4,725,718$1,706,704$269,366$2,749,649
21$4,914,747$1,776,644$280,141$2,857,962
22$5,111,337$1,849,382$291,346$2,970,608
23$5,315,791$1,925,030$303,000$3,087,760
24$5,528,422$2,003,704$315,120$3,209,598
25$5,749,559$2,085,525$327,725$3,336,310
26$5,979,541$2,170,618$340,834$3,468,090
27$6,218,723$2,259,115$354,467$3,605,141
28$6,467,472$2,351,152$368,646$3,747,674
29$6,726,171$2,446,871$383,392$3,895,908
30$6,995,218$2,546,418$398,727$4,050,072
Total$125,800,000$45,291,631$7,170,600$73,337,766

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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.