USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for May 18, 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 $98,900,000 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, May 18, 2011
Jackpot:$98,900,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,763,397$608,414$100,514$1,054,469
2$1,833,933$634,512$104,534$1,094,886
3$1,907,290$661,655$108,716$1,136,920
4$1,983,582$689,882$113,064$1,180,635
5$2,062,925$719,239$117,587$1,226,099
6$2,145,442$749,771$122,290$1,273,381
7$2,231,260$781,523$127,182$1,322,554
8$2,320,510$814,546$132,269$1,373,695
9$2,413,330$848,889$137,560$1,426,881
10$2,509,864$884,607$143,062$1,482,195
11$2,610,258$921,753$148,785$1,539,721
12$2,714,668$960,385$154,736$1,599,548
13$2,823,255$1,000,562$160,926$1,661,768
14$2,936,185$1,042,346$167,363$1,726,477
15$3,053,633$1,085,801$174,057$1,793,774
16$3,175,778$1,130,995$181,019$1,863,764
17$3,302,809$1,177,997$188,260$1,936,552
18$3,434,922$1,226,878$195,791$2,012,253
19$3,572,318$1,277,715$203,622$2,090,981
20$3,715,211$1,330,585$211,767$2,172,859
21$3,863,820$1,385,570$220,238$2,258,011
22$4,018,372$1,442,755$229,047$2,346,570
23$4,179,107$1,502,227$238,209$2,438,671
24$4,346,272$1,564,078$247,737$2,534,456
25$4,520,122$1,628,403$257,647$2,634,073
26$4,700,927$1,695,300$267,953$2,737,674
27$4,888,964$1,764,874$278,671$2,845,419
28$5,084,523$1,837,231$289,818$2,957,474
29$5,287,904$1,912,482$301,411$3,074,012
30$5,499,420$1,990,743$313,467$3,195,210
Total$98,900,000$35,271,718$5,637,302$57,990,982

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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.