USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Aug 24, 2011

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The tax information provided here is based on 2024 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 $47,900,000 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 24, 2011
Jackpot:$47,900,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$854,062$274,191$48,682$531,190
2$888,224$286,831$50,629$550,765
3$923,753$299,976$52,654$571,123
4$960,703$313,648$54,760$592,295
5$999,131$327,866$56,950$614,315
6$1,039,097$342,654$59,229$637,215
7$1,080,661$358,032$61,598$661,031
8$1,123,887$374,026$64,062$685,799
9$1,168,842$390,659$66,624$711,559
10$1,215,596$407,958$69,289$738,349
11$1,264,220$425,949$72,061$766,210
12$1,314,789$444,660$74,943$795,186
13$1,367,380$464,118$77,941$825,321
14$1,422,076$484,356$81,058$856,662
15$1,478,959$505,402$84,301$889,256
16$1,538,117$527,291$87,673$923,153
17$1,599,642$550,055$91,180$958,407
18$1,663,627$573,730$94,827$995,071
19$1,730,172$598,352$98,620$1,033,201
20$1,799,379$623,958$102,565$1,072,857
21$1,871,354$650,589$106,667$1,114,098
22$1,946,209$678,285$110,934$1,156,990
23$2,024,057$707,089$115,371$1,201,597
24$2,105,019$737,045$119,986$1,247,988
25$2,189,220$768,199$124,786$1,296,235
26$2,276,789$800,600$129,777$1,346,412
27$2,367,860$834,296$134,968$1,398,596
28$2,462,575$869,340$140,367$1,452,868
29$2,561,078$905,787$145,981$1,509,310
30$2,663,521$943,690$151,821$1,568,010
Total$47,900,000$16,468,632$2,730,304$28,701,069

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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.