USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 4, 2012

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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 $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$168,200$32,217$364,797
2$587,823$176,113$33,506$378,204
3$611,336$184,382$34,846$392,108
4$635,789$193,430$36,240$406,119
5$661,221$202,839$37,690$420,692
6$687,669$212,625$39,197$435,847
7$715,176$222,803$40,765$451,608
8$743,783$233,388$42,396$468,000
9$773,535$244,396$44,091$485,048
10$804,476$255,844$45,855$502,777
11$836,655$267,750$47,689$521,216
12$870,121$280,133$49,597$540,392
13$904,926$293,010$51,581$560,335
14$941,123$306,403$53,644$581,076
15$978,768$320,332$55,790$602,646
16$1,017,919$334,818$58,021$625,080
17$1,058,635$349,883$60,342$648,410
18$1,100,981$365,551$62,756$672,674
19$1,145,020$381,845$65,266$697,909
20$1,190,821$398,792$67,877$724,153
21$1,238,454$416,416$70,592$751,446
22$1,287,992$434,745$73,416$779,832
23$1,339,512$453,807$76,352$809,352
24$1,393,092$473,632$79,406$840,054
25$1,448,816$494,250$82,582$871,984
26$1,506,768$515,692$85,886$905,191
27$1,567,039$537,992$89,321$939,726
28$1,629,721$561,184$92,894$975,642
29$1,694,910$585,304$96,610$1,012,995
30$1,762,706$610,389$100,474$1,051,843
Total$31,700,000$10,475,948$1,806,899$19,417,156

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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.