USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Dec 17, 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 $89,700,000 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:Sat, Dec 17, 2011
Jackpot:$89,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,599,360$549,951$91,164$958,245
2$1,663,334$573,621$94,810$994,903
3$1,729,868$598,239$98,602$1,033,026
4$1,799,062$623,841$102,547$1,072,675
5$1,871,025$650,467$106,648$1,113,909
6$1,945,866$678,158$110,914$1,156,793
7$2,023,700$706,957$115,351$1,201,393
8$2,104,649$736,908$119,965$1,247,776
9$2,188,834$768,056$124,764$1,296,014
10$2,276,388$800,451$129,754$1,346,182
11$2,367,443$834,142$134,944$1,398,357
12$2,462,141$869,180$140,342$1,452,619
13$2,560,627$905,620$145,956$1,509,051
14$2,663,052$943,517$151,794$1,567,741
15$2,769,574$982,930$157,866$1,628,778
16$2,880,357$1,023,920$164,180$1,692,257
17$2,995,571$1,066,549$170,748$1,758,274
18$3,115,394$1,110,884$177,577$1,826,933
19$3,240,010$1,156,991$184,681$1,898,338
20$3,369,610$1,204,943$192,068$1,972,599
21$3,504,394$1,254,814$199,750$2,049,830
22$3,644,570$1,306,679$207,741$2,130,151
23$3,790,353$1,360,618$216,050$2,213,685
24$3,941,967$1,416,716$224,692$2,300,559
25$4,099,646$1,475,057$233,680$2,390,909
26$4,263,632$1,535,731$243,027$2,484,873
27$4,434,177$1,598,833$252,748$2,582,596
28$4,611,544$1,664,459$262,858$2,684,227
29$4,796,006$1,732,710$273,372$2,789,924
30$4,987,846$1,803,691$284,307$2,899,848
Total$89,700,000$31,934,633$5,112,900$52,652,465

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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.