USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 4, 2012

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The tax information provided here is based on 2025 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 $31,700,000 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, Jan 4, 2012
Jackpot:$31,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$565,214$167,372$32,217$365,625
2$587,823$175,285$33,506$379,032
3$611,336$183,515$34,846$392,975
4$635,789$192,262$36,240$407,287
5$661,221$201,672$37,690$421,859
6$687,669$211,458$39,197$437,014
7$715,176$221,635$40,765$452,776
8$743,783$232,220$42,396$469,168
9$773,535$243,228$44,091$486,215
10$804,476$254,676$45,855$503,944
11$836,655$266,583$47,689$522,383
12$870,121$278,965$49,597$541,559
13$904,926$291,843$51,581$561,502
14$941,123$305,236$53,644$582,243
15$978,768$319,164$55,790$603,814
16$1,017,919$333,650$58,021$626,247
17$1,058,635$348,715$60,342$649,578
18$1,100,981$364,383$62,756$673,842
19$1,145,020$380,678$65,266$699,076
20$1,190,821$397,624$67,877$725,320
21$1,238,454$415,248$70,592$752,614
22$1,287,992$433,577$73,416$780,999
23$1,339,512$452,640$76,352$810,520
24$1,393,092$472,464$79,406$841,222
25$1,448,816$493,082$82,582$873,151
26$1,506,768$514,525$85,886$906,358
27$1,567,039$536,825$89,321$940,893
28$1,629,721$560,017$92,894$976,810
29$1,694,910$584,137$96,610$1,014,163
30$1,762,706$609,221$100,474$1,053,010
Total$31,700,000$10,441,900$1,806,899$19,451,199

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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.