USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Feb 11, 2012

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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 $336,400,000 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, Feb 11, 2012
Jackpot:$336,400,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,998,045$2,175,234$341,889$3,480,923
2$6,237,967$2,264,005$355,564$3,618,398
3$6,487,486$2,356,327$369,787$3,761,372
4$6,746,985$2,452,342$384,578$3,910,065
5$7,016,865$2,552,197$399,961$4,064,706
6$7,297,539$2,656,047$415,960$4,225,533
7$7,589,441$2,764,050$432,598$4,392,792
8$7,893,018$2,876,374$449,902$4,566,742
9$8,208,739$2,993,191$467,898$4,747,650
10$8,537,089$3,114,680$486,614$4,935,795
11$8,878,572$3,241,029$506,079$5,131,465
12$9,233,715$3,372,432$526,322$5,334,962
13$9,603,064$3,509,091$547,375$5,546,598
14$9,987,186$3,651,216$569,270$5,766,701
15$10,386,674$3,799,027$592,040$5,995,607
16$10,802,141$3,952,749$615,722$6,233,669
17$11,234,226$4,112,621$640,351$6,481,255
18$11,683,596$4,278,888$665,965$6,738,743
19$12,150,939$4,451,805$692,604$7,006,531
20$12,636,977$4,631,639$720,308$7,285,031
21$13,142,456$4,818,666$749,120$7,574,670
22$13,668,154$5,013,174$779,085$7,875,895
23$14,214,880$5,215,463$810,248$8,189,169
24$14,783,476$5,425,843$842,658$8,514,974
25$15,374,815$5,644,639$876,364$8,853,812
26$15,989,807$5,872,186$911,419$9,206,202
27$16,629,399$6,108,835$947,876$9,572,689
28$17,294,575$6,354,950$985,791$9,953,834
29$17,986,358$6,610,910$1,025,222$10,350,226
30$18,705,813$6,877,108$1,066,231$10,762,474
Total$336,400,000$123,146,718$19,174,801$194,078,483

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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.