USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jul 20, 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 $76,300,000 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, Jul 20, 2011
Jackpot:$76,300,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,360,437$459,319$77,545$823,573
2$1,414,854$479,453$80,647$854,754
3$1,471,448$500,393$83,873$887,183
4$1,530,306$522,171$87,227$920,908
5$1,591,518$544,819$90,717$955,983
6$1,655,179$568,374$94,345$992,460
7$1,721,386$592,870$98,119$1,030,397
8$1,790,242$618,347$102,044$1,069,851
9$1,861,851$644,842$106,126$1,110,884
10$1,936,325$672,398$110,371$1,153,557
11$2,013,778$701,055$114,785$1,197,938
12$2,094,330$730,859$119,377$1,244,094
13$2,178,103$761,855$124,152$1,292,096
14$2,265,227$794,091$129,118$1,342,018
15$2,355,836$827,617$134,283$1,393,937
16$2,450,069$862,483$139,654$1,447,933
17$2,548,072$898,744$145,240$1,504,088
18$2,649,995$936,455$151,050$1,562,490
19$2,755,995$975,675$157,092$1,623,228
20$2,866,235$1,016,464$163,375$1,686,395
21$2,980,884$1,058,884$169,910$1,752,089
22$3,100,119$1,103,001$176,707$1,820,411
23$3,224,124$1,148,883$183,775$1,891,466
24$3,353,089$1,196,600$191,126$1,965,363
25$3,487,213$1,246,226$198,771$2,042,216
26$3,626,701$1,297,837$206,722$2,122,143
27$3,771,769$1,351,512$214,991$2,205,267
28$3,922,640$1,407,334$223,590$2,291,715
29$4,079,546$1,465,389$232,534$2,381,622
30$4,242,727$1,525,766$241,835$2,475,126
Total$76,300,000$26,909,716$4,349,101$45,041,185

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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.