USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$60,877$653,789
2$1,110,744$369,163$63,312$678,268
3$1,155,174$385,602$65,845$703,727
4$1,201,381$402,699$68,479$730,203
5$1,249,436$420,479$71,218$757,739
6$1,299,413$438,971$74,067$786,376
7$1,351,390$458,202$77,029$816,159
8$1,405,445$478,203$80,110$847,132
9$1,461,663$499,003$83,315$879,345
10$1,520,130$520,636$86,647$912,847
11$1,580,935$543,134$90,113$947,688
12$1,644,172$566,531$93,718$983,923
13$1,709,939$590,865$97,467$1,021,607
14$1,778,337$616,172$101,365$1,060,799
15$1,849,470$642,492$105,420$1,101,559
16$1,923,449$669,864$109,637$1,143,949
17$2,000,387$698,331$114,022$1,188,034
18$2,080,402$727,937$118,583$1,233,883
19$2,163,619$758,727$123,326$1,281,566
20$2,250,163$790,748$128,259$1,331,156
21$2,340,170$824,051$133,390$1,382,730
22$2,433,777$858,685$138,725$1,436,366
23$2,531,128$894,705$144,274$1,492,148
24$2,632,373$932,166$150,045$1,550,162
25$2,737,668$971,125$156,047$1,610,496
26$2,847,174$1,011,642$162,289$1,673,243
27$2,961,061$1,053,780$168,780$1,738,500
28$3,079,504$1,097,604$175,532$1,806,368
29$3,202,684$1,143,181$182,553$1,876,950
30$3,330,791$1,190,581$189,855$1,950,356
Total$59,900,000$20,908,635$3,414,299$35,577,068

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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.