USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2022 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$182,632$1,872,976
2$3,332,232$1,195,881$189,937$1,946,414
3$3,465,521$1,245,198$197,535$2,022,788
4$3,604,142$1,296,487$205,436$2,102,218
5$3,748,307$1,349,829$213,654$2,184,825
6$3,898,240$1,405,304$222,200$2,270,736
7$4,054,169$1,462,998$231,088$2,360,084
8$4,216,336$1,522,999$240,331$2,453,006
9$4,384,989$1,585,401$249,944$2,549,644
10$4,560,389$1,650,299$259,942$2,650,148
11$4,742,805$1,717,793$270,340$2,754,672
12$4,932,517$1,787,986$281,153$2,863,377
13$5,129,817$1,860,987$292,400$2,976,430
14$5,335,010$1,936,909$304,096$3,094,006
15$5,548,411$2,015,867$316,259$3,216,284
16$5,770,347$2,097,983$328,910$3,343,454
17$6,001,161$2,183,384$342,066$3,475,710
18$6,241,207$2,272,202$355,749$3,613,257
19$6,490,856$2,364,572$369,979$3,756,305
20$6,750,490$2,460,636$384,778$3,905,076
21$7,020,509$2,560,543$400,169$4,059,797
22$7,301,330$2,664,447$416,176$4,220,707
23$7,593,383$2,772,507$432,823$4,388,053
24$7,897,118$2,884,889$450,136$4,562,094
25$8,213,003$3,001,766$468,141$4,743,096
26$8,541,523$3,123,319$486,867$4,931,338
27$8,883,184$3,249,733$506,341$5,127,109
28$9,238,511$3,381,204$526,595$5,330,712
29$9,608,052$3,517,934$547,659$5,542,459
30$9,992,374$3,660,133$569,565$5,762,675
Total$179,700,000$65,377,650$10,242,901$104,079,450

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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.