USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Dec 31, 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 $25,000,000 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 31, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$25,408$293,956
2$463,583$132,629$26,424$304,530
3$482,126$139,119$27,481$315,526
4$501,411$145,869$28,580$326,962
5$521,467$152,888$29,724$338,855
6$542,326$160,189$30,913$351,225
7$564,019$167,781$32,149$364,089
8$586,580$175,678$33,435$377,467
9$610,043$183,904$34,772$391,367
10$634,445$192,932$36,163$405,349
11$659,823$202,322$37,610$419,891
12$686,215$212,087$39,114$435,014
13$713,664$222,243$40,679$450,742
14$742,211$232,806$42,306$467,099
15$771,899$243,790$43,998$484,110
16$802,775$255,215$45,758$501,802
17$834,886$267,096$47,589$520,202
18$868,281$279,452$49,492$539,338
19$903,013$292,302$51,472$559,239
20$939,133$305,667$53,531$579,936
21$976,699$319,566$55,672$601,461
22$1,015,767$334,021$57,899$623,846
23$1,056,397$349,055$60,215$647,128
24$1,098,653$364,689$62,623$671,340
25$1,142,599$380,949$65,128$696,522
26$1,188,303$397,860$67,733$722,710
27$1,235,835$415,447$70,443$749,946
28$1,285,269$433,737$73,260$778,271
29$1,336,679$452,759$76,191$807,730
30$1,390,147$472,542$79,238$838,366
Total$25,000,000$8,010,982$1,425,000$15,564,019

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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.