USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Mar 16, 2013

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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 $217,700,000 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:Sat, Mar 16, 2013
Jackpot:$217,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,881,613$1,392,154$221,252$2,268,207
2$4,036,877$1,449,602$230,102$2,357,173
3$4,198,352$1,509,348$239,306$2,449,699
4$4,366,286$1,571,483$248,878$2,545,925
5$4,540,938$1,636,104$258,833$2,646,000
6$4,722,575$1,703,310$269,187$2,750,078
7$4,911,478$1,773,204$279,954$2,858,320
8$5,107,937$1,845,894$291,152$2,970,891
9$5,312,255$1,921,492$302,799$3,087,965
10$5,524,745$2,000,113$314,910$3,209,722
11$5,745,735$2,081,879$327,507$3,336,349
12$5,975,564$2,166,916$340,607$3,468,041
13$6,214,587$2,255,354$354,231$3,605,001
14$6,463,170$2,347,330$368,401$3,747,439
15$6,721,697$2,442,985$383,137$3,895,575
16$6,990,565$2,542,466$398,462$4,049,636
17$7,270,188$2,645,927$414,401$4,209,860
18$7,560,995$2,753,525$430,977$4,376,493
19$7,863,435$2,865,428$448,216$4,549,791
20$8,177,972$2,981,807$466,144$4,730,021
21$8,505,091$3,102,841$484,790$4,917,460
22$8,845,295$3,228,716$504,182$5,112,397
23$9,199,107$3,359,627$524,349$5,315,131
24$9,567,071$3,495,773$545,323$5,525,974
25$9,949,754$3,637,366$567,136$5,745,252
26$10,347,744$3,784,622$589,821$5,973,300
27$10,761,654$3,937,769$613,414$6,210,470
28$11,192,120$4,097,042$637,951$6,457,127
29$11,639,805$4,262,685$663,469$6,713,651
30$12,105,397$4,434,954$690,008$6,980,435
Total$217,700,000$79,227,716$12,408,899$126,063,383

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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.