USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Apr 13, 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 $28,000,000 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:Wed, Apr 13, 2011
Jackpot:$28,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$499,243$143,504$28,457$327,282
2$519,212$150,494$29,595$339,124
3$539,981$157,763$30,779$351,439
4$561,580$165,322$32,010$364,248
5$584,043$173,184$33,290$377,569
6$607,405$181,361$34,622$391,422
7$631,701$189,865$36,007$405,830
8$656,969$199,036$37,447$420,486
9$683,248$208,759$38,945$435,544
10$710,578$218,871$40,503$451,204
11$739,001$229,388$42,123$467,490
12$768,561$240,325$43,808$484,428
13$799,304$251,700$45,560$502,044
14$831,276$263,529$47,383$520,364
15$864,527$275,832$49,278$539,417
16$899,108$288,627$51,249$559,232
17$935,072$301,934$53,299$579,839
18$972,475$315,773$55,431$601,271
19$1,011,374$330,166$57,648$623,560
20$1,051,829$345,134$59,954$646,741
21$1,093,902$360,701$62,352$670,849
22$1,137,658$376,891$64,847$695,921
23$1,183,165$393,728$67,440$721,996
24$1,230,491$411,239$70,138$749,114
25$1,279,711$429,450$72,944$777,317
26$1,330,900$448,390$75,861$806,648
27$1,384,136$468,087$78,896$837,152
28$1,439,501$488,573$82,052$868,877
29$1,497,081$509,877$85,334$901,870
30$1,556,964$532,034$88,747$936,183
Total$28,000,000$9,049,537$1,595,999$17,354,461

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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.