USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 2, 2011

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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 $254,200,000 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, Nov 2, 2011
Jackpot:$254,200,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,532,411$1,632,949$258,347$2,641,114
2$4,713,708$1,700,029$268,681$2,744,997
3$4,902,256$1,769,792$279,429$2,853,035
4$5,098,346$1,842,345$290,606$2,965,395
5$5,302,280$1,917,801$302,230$3,082,249
6$5,514,371$1,996,275$314,319$3,203,777
7$5,734,946$2,077,887$326,892$3,330,167
8$5,964,344$2,162,765$339,968$3,461,612
9$6,202,918$2,251,037$353,566$3,598,315
10$6,451,034$2,342,840$367,709$3,740,485
11$6,709,076$2,438,315$382,417$3,888,343
12$6,977,439$2,537,610$397,714$4,042,115
13$7,256,536$2,640,876$413,623$4,202,038
14$7,546,798$2,748,272$430,167$4,368,358
15$7,848,670$2,859,965$447,374$4,541,331
16$8,162,617$2,976,125$465,269$4,721,222
17$8,489,121$3,096,932$483,880$4,908,309
18$8,828,686$3,222,571$503,235$5,102,880
19$9,181,833$3,353,236$523,365$5,305,233
20$9,549,107$3,489,127$544,299$5,515,681
21$9,931,071$3,630,454$566,071$5,734,546
22$10,328,314$3,777,433$588,714$5,962,167
23$10,741,446$3,930,292$612,262$6,198,892
24$11,171,104$4,089,266$636,753$6,445,086
25$11,617,949$4,254,598$662,223$6,701,127
26$12,082,666$4,426,544$688,712$6,967,411
27$12,565,973$4,605,367$716,260$7,244,345
28$13,068,612$4,791,344$744,911$7,532,357
29$13,591,357$4,984,759$774,707$7,831,890
30$14,135,011$5,185,911$805,696$8,143,404
Total$254,200,000$92,732,717$14,489,399$146,977,881

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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.