USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 2, 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 $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$1,005,813$161,391$1,664,216
2$2,944,677$1,047,718$167,847$1,729,112
3$3,062,464$1,091,299$174,560$1,796,604
4$3,184,962$1,136,624$181,543$1,866,796
5$3,312,361$1,183,761$188,805$1,939,795
6$3,444,855$1,232,784$196,357$2,015,714
7$3,582,649$1,283,768$204,211$2,094,670
8$3,725,955$1,336,791$212,379$2,176,785
9$3,874,993$1,391,935$220,875$2,262,183
10$4,029,993$1,449,285$229,710$2,350,998
11$4,191,193$1,508,929$238,898$2,443,366
12$4,358,841$1,570,959$248,454$2,539,428
13$4,533,194$1,635,470$258,392$2,639,333
14$4,714,522$1,702,561$268,728$2,743,233
15$4,903,103$1,772,336$279,477$2,851,290
16$5,099,227$1,844,902$290,656$2,963,669
17$5,303,196$1,920,370$302,282$3,080,544
18$5,515,324$1,998,858$314,373$3,202,093
19$5,735,937$2,080,484$326,948$3,328,504
20$5,965,374$2,165,376$340,026$3,459,972
21$6,203,989$2,253,664$353,627$3,596,698
22$6,452,149$2,345,483$367,772$3,738,894
23$6,710,235$2,440,975$382,483$3,886,777
24$6,978,644$2,540,286$397,783$4,040,575
25$7,257,790$2,643,570$413,694$4,200,526
26$7,548,102$2,750,985$430,242$4,366,874
27$7,850,026$2,862,697$447,451$4,539,877
28$8,164,027$2,978,878$465,350$4,719,800
29$8,490,588$3,099,705$483,964$4,906,919
30$8,830,211$3,225,366$503,322$5,101,523
Total$158,800,000$57,501,632$9,051,600$92,246,768

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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.