USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Dec 31, 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 $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$125,561$25,408$294,784
2$463,583$131,801$26,424$305,357
3$482,126$138,291$27,481$316,353
4$501,411$145,041$28,580$327,789
5$521,467$152,061$29,724$339,683
6$542,326$159,361$30,913$352,052
7$564,019$166,954$32,149$364,916
8$586,580$174,850$33,435$378,295
9$610,043$183,062$34,772$392,208
10$634,445$191,765$36,163$406,517
11$659,823$201,155$37,610$421,058
12$686,215$210,920$39,114$436,181
13$713,664$221,076$40,679$451,909
14$742,211$231,638$42,306$468,266
15$771,899$242,623$43,998$485,278
16$802,775$254,047$45,758$502,970
17$834,886$265,928$47,589$521,369
18$868,281$278,284$49,492$540,505
19$903,013$291,135$51,472$560,406
20$939,133$304,500$53,531$581,103
21$976,699$318,399$55,672$602,628
22$1,015,767$332,854$57,899$625,014
23$1,056,397$347,887$60,215$648,295
24$1,098,653$363,522$62,623$672,508
25$1,142,599$379,782$65,128$697,689
26$1,188,303$396,692$67,733$723,877
27$1,235,835$414,279$70,443$751,113
28$1,285,269$432,570$73,260$779,439
29$1,336,679$451,592$76,191$808,897
30$1,390,147$471,374$79,238$839,534
Total$25,000,000$7,979,004$1,425,000$15,595,993

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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.