USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$50,816$553,812
2$927,165$300,071$52,848$574,245
3$964,252$313,793$54,962$595,496
4$1,002,822$328,064$57,161$617,597
5$1,042,935$342,906$59,447$640,581
6$1,084,652$358,342$61,825$664,485
7$1,128,038$374,394$64,298$689,346
8$1,173,160$391,089$66,870$715,200
9$1,220,086$408,452$69,545$742,089
10$1,268,890$426,509$72,327$770,053
11$1,319,645$445,289$75,220$799,136
12$1,372,431$464,820$78,229$829,383
13$1,427,328$485,132$81,358$860,839
14$1,484,421$506,256$84,612$893,553
15$1,543,798$528,226$87,996$927,576
16$1,605,550$551,074$91,516$962,960
17$1,669,772$574,836$95,177$999,759
18$1,736,563$599,549$98,984$1,038,030
19$1,806,025$625,250$102,943$1,077,832
20$1,878,266$651,979$107,061$1,119,226
21$1,953,397$679,777$111,344$1,162,276
22$2,031,533$708,687$115,797$1,207,048
23$2,112,794$738,754$120,429$1,253,611
24$2,197,306$770,024$125,246$1,302,036
25$2,285,198$802,544$130,256$1,352,398
26$2,376,606$836,365$135,467$1,404,775
27$2,471,671$871,538$140,885$1,459,247
28$2,570,537$908,119$146,521$1,515,898
29$2,673,359$946,163$152,381$1,574,814
30$2,780,293$985,729$158,477$1,636,088
Total$50,000,000$17,210,608$2,849,998$29,939,389

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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.