USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Sep 18, 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 $399,400,000 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, Sep 18, 2013
Jackpot:$399,400,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,121,342$2,590,854$405,916$4,124,571
2$7,406,195$2,696,249$422,153$4,287,793
3$7,702,443$2,805,861$439,039$4,457,543
4$8,010,541$2,919,857$456,601$4,634,083
5$8,330,962$3,038,413$474,865$4,817,684
6$8,664,201$3,161,712$493,859$5,008,630
7$9,010,769$3,289,942$513,614$5,207,213
8$9,371,200$3,423,301$534,158$5,413,740
9$9,746,048$3,561,995$555,525$5,628,528
10$10,135,890$3,706,236$577,746$5,851,907
11$10,541,325$3,856,248$600,856$6,084,222
12$10,962,978$4,012,259$624,890$6,325,829
13$11,401,497$4,174,511$649,885$6,577,101
14$11,857,557$4,343,253$675,881$6,838,423
15$12,331,860$4,518,745$702,916$7,110,198
16$12,825,134$4,701,257$731,033$7,392,844
17$13,338,139$4,891,069$760,274$7,686,797
18$13,871,665$5,088,473$790,685$7,992,507
19$14,426,531$5,293,774$822,312$8,310,445
20$15,003,593$5,507,287$855,205$8,641,101
21$15,603,736$5,729,340$889,413$8,984,984
22$16,227,886$5,960,275$924,989$9,342,621
23$16,877,001$6,200,448$961,989$9,714,564
24$17,552,081$6,450,227$1,000,469$10,101,385
25$18,254,165$6,709,998$1,040,487$10,503,679
26$18,984,331$6,980,160$1,082,107$10,922,064
27$19,743,704$7,261,128$1,125,391$11,357,185
28$20,533,453$7,553,335$1,170,407$11,809,711
29$21,354,791$7,857,230$1,217,223$12,280,338
30$22,208,982$8,173,281$1,265,912$12,769,790
Total$399,400,000$146,456,718$22,765,800$230,177,480

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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.