USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Aug 10, 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 $228,900,000 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, Aug 10, 2011
Jackpot:$228,900,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,081,310$1,466,042$232,635$2,382,633
2$4,244,562$1,526,445$241,940$2,476,177
3$4,414,345$1,589,265$251,618$2,573,462
4$4,590,918$1,654,597$261,682$2,674,639
5$4,774,555$1,722,543$272,150$2,779,863
6$4,965,537$1,793,206$283,036$2,889,296
7$5,164,159$1,866,696$294,357$3,003,106
8$5,370,725$1,943,126$306,131$3,121,468
9$5,585,554$2,022,612$318,377$3,244,565
10$5,808,976$2,105,278$331,112$3,372,586
11$6,041,335$2,191,251$344,356$3,505,728
12$6,282,989$2,280,663$358,130$3,644,195
13$6,534,308$2,373,651$372,456$3,788,201
14$6,795,681$2,470,359$387,354$3,937,968
15$7,067,508$2,570,935$402,848$4,093,725
16$7,350,208$2,675,534$418,962$4,255,712
17$7,644,217$2,784,317$435,720$4,424,179
18$7,949,985$2,897,452$453,149$4,599,384
19$8,267,985$3,015,112$471,275$4,781,598
20$8,598,704$3,137,478$490,126$4,971,100
21$8,942,652$3,264,739$509,731$5,168,182
22$9,300,358$3,397,090$530,120$5,373,148
23$9,672,373$3,534,735$551,325$5,586,312
24$10,059,267$3,677,886$573,378$5,808,003
25$10,461,638$3,826,763$596,313$6,038,561
26$10,880,104$3,981,596$620,166$6,278,342
27$11,315,308$4,142,621$644,973$6,527,714
28$11,767,920$4,310,088$670,771$6,787,061
29$12,238,637$4,484,253$697,602$7,056,782
30$12,728,182$4,665,385$725,506$7,337,291
Total$228,900,000$83,371,718$13,047,299$132,480,981

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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.