USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$464,596$78,358$831,746
2$1,429,689$484,942$81,492$863,254
3$1,486,876$506,101$84,752$896,023
4$1,546,351$528,107$88,142$930,102
5$1,608,205$550,993$91,668$965,544
6$1,672,534$574,795$95,334$1,002,404
7$1,739,435$599,548$99,148$1,040,739
8$1,809,012$625,292$103,114$1,080,607
9$1,881,373$652,065$107,238$1,122,069
10$1,956,628$679,909$111,528$1,165,190
11$2,034,893$708,868$115,989$1,210,036
12$2,116,288$738,984$120,628$1,256,676
13$2,200,940$770,305$125,454$1,305,181
14$2,288,978$802,879$130,472$1,355,627
15$2,380,537$836,756$135,691$1,408,090
16$2,475,758$871,988$141,118$1,462,652
17$2,574,789$908,629$146,763$1,519,397
18$2,677,780$946,736$152,633$1,578,411
19$2,784,891$986,367$158,739$1,639,785
20$2,896,287$1,027,583$165,088$1,703,615
21$3,012,138$1,070,448$171,692$1,769,998
22$3,132,624$1,115,028$178,560$1,839,036
23$3,257,929$1,161,391$185,702$1,910,836
24$3,388,246$1,209,608$193,130$1,985,508
25$3,523,776$1,259,754$200,855$2,063,166
26$3,664,727$1,311,906$208,889$2,143,931
27$3,811,316$1,366,144$217,245$2,227,927
28$3,963,769$1,422,552$225,935$2,315,282
29$4,122,319$1,481,215$234,972$2,406,132
30$4,287,212$1,542,226$244,371$2,500,615
Total$77,100,000$27,205,715$4,394,700$45,499,579

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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.