USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 8, 2011

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The tax information provided here is based on 2025 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 $74,100,000 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, Oct 8, 2011
Jackpot:$74,100,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,321,210$445,868$75,309$800,033
2$1,374,059$465,422$78,321$830,315
3$1,429,021$485,758$81,454$861,809
4$1,486,182$506,908$84,712$894,562
5$1,545,629$528,903$88,101$928,625
6$1,607,454$551,778$91,625$964,051
7$1,671,753$575,569$95,290$1,000,894
8$1,738,623$600,311$99,101$1,039,211
9$1,808,168$626,042$103,066$1,079,060
10$1,880,494$652,803$107,188$1,120,503
11$1,955,714$680,634$111,476$1,163,604
12$2,033,943$709,579$115,935$1,208,429
13$2,115,300$739,681$120,572$1,255,047
14$2,199,912$770,988$125,395$1,303,530
15$2,287,909$803,547$130,411$1,353,952
16$2,379,425$837,408$135,627$1,406,390
17$2,474,602$872,623$141,052$1,460,927
18$2,573,586$909,247$146,694$1,517,645
19$2,676,530$947,336$152,562$1,576,631
20$2,783,591$986,949$158,665$1,637,977
21$2,894,935$1,028,146$165,011$1,701,777
22$3,010,732$1,070,991$171,612$1,768,129
23$3,131,161$1,115,550$178,476$1,837,135
24$3,256,408$1,161,891$185,615$1,908,901
25$3,386,664$1,210,086$193,040$1,983,538
26$3,522,131$1,260,209$200,761$2,061,161
27$3,663,016$1,312,336$208,792$2,141,888
28$3,809,536$1,366,549$217,144$2,225,844
29$3,961,918$1,422,930$225,829$2,313,159
30$4,120,395$1,481,566$234,862$2,403,966
Total$74,100,000$26,127,608$4,223,698$43,748,693

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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.