USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 2, 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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,004,646$161,391$1,665,383
2$2,944,677$1,046,551$167,847$1,730,279
3$3,062,464$1,090,132$174,560$1,797,771
4$3,184,962$1,135,456$181,543$1,867,963
5$3,312,361$1,182,594$188,805$1,940,962
6$3,444,855$1,231,617$196,357$2,016,882
7$3,582,649$1,282,600$204,211$2,095,838
8$3,725,955$1,335,624$212,379$2,177,952
9$3,874,993$1,390,768$220,875$2,263,351
10$4,029,993$1,448,118$229,710$2,352,166
11$4,191,193$1,507,762$238,898$2,444,533
12$4,358,841$1,569,791$248,454$2,540,595
13$4,533,194$1,634,302$258,392$2,640,500
14$4,714,522$1,701,393$268,728$2,744,401
15$4,903,103$1,771,168$279,477$2,852,458
16$5,099,227$1,843,734$290,656$2,964,837
17$5,303,196$1,919,203$302,282$3,081,711
18$5,515,324$1,997,690$314,373$3,203,260
19$5,735,937$2,079,317$326,948$3,329,672
20$5,965,374$2,164,209$340,026$3,461,139
21$6,203,989$2,252,496$353,627$3,597,866
22$6,452,149$2,344,315$367,772$3,740,061
23$6,710,235$2,439,807$382,483$3,887,944
24$6,978,644$2,539,119$397,783$4,041,743
25$7,257,790$2,642,403$413,694$4,201,693
26$7,548,102$2,749,818$430,242$4,368,042
27$7,850,026$2,861,530$447,451$4,541,044
28$8,164,027$2,977,710$465,350$4,720,967
29$8,490,588$3,098,538$483,964$4,908,087
30$8,830,211$3,224,198$503,322$5,102,691
Total$158,800,000$57,466,609$9,051,600$92,281,791

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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.