USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jul 23, 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 $93,600,000 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, Jul 23, 2011
Jackpot:$93,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,668,897$573,449$95,127$1,000,321
2$1,735,653$598,149$98,932$1,038,572
3$1,805,079$623,837$102,890$1,078,353
4$1,877,282$650,552$107,005$1,119,726
5$1,952,374$678,336$111,285$1,162,753
6$2,030,469$707,231$115,737$1,207,501
7$2,111,687$737,282$120,366$1,254,040
8$2,196,155$768,535$125,181$1,302,440
9$2,284,001$801,038$130,188$1,352,775
10$2,375,361$834,841$135,396$1,405,125
11$2,470,376$869,996$140,811$1,459,568
12$2,569,191$906,558$146,444$1,516,189
13$2,671,958$944,582$152,302$1,575,075
14$2,778,837$984,127$158,394$1,636,316
15$2,889,990$1,025,254$164,729$1,700,007
16$3,005,590$1,068,025$171,319$1,766,246
17$3,125,813$1,112,508$178,171$1,835,134
18$3,250,846$1,158,770$185,298$1,906,777
19$3,380,880$1,206,883$192,710$1,981,287
20$3,516,115$1,256,920$200,419$2,058,777
21$3,656,759$1,308,958$208,435$2,139,366
22$3,803,030$1,363,078$216,773$2,223,179
23$3,955,151$1,419,363$225,444$2,310,344
24$4,113,357$1,477,899$234,461$2,400,996
25$4,277,891$1,538,777$243,840$2,495,274
26$4,449,007$1,602,090$253,593$2,593,324
27$4,626,967$1,667,935$263,737$2,695,295
28$4,812,046$1,736,414$274,287$2,801,345
29$5,004,528$1,807,633$285,258$2,911,637
30$5,204,709$1,881,700$296,668$3,026,341
Total$93,600,000$33,310,720$5,335,200$54,954,083

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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.