USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 29, 2014

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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 $170,200,000 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, Jan 29, 2014
Jackpot:$170,200,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,034,683$1,078,790$172,977$1,782,916
2$3,156,070$1,123,703$179,896$1,852,471
3$3,282,313$1,170,413$187,092$1,924,808
4$3,413,606$1,218,991$194,576$2,000,039
5$3,550,150$1,269,513$202,359$2,078,279
6$3,692,156$1,322,055$210,453$2,159,648
7$3,839,842$1,376,699$218,871$2,244,272
8$3,993,436$1,433,528$227,626$2,332,281
9$4,153,173$1,492,631$236,731$2,423,811
10$4,319,300$1,554,098$246,200$2,519,002
11$4,492,072$1,618,024$256,048$2,618,000
12$4,671,755$1,684,507$266,290$2,720,958
13$4,858,625$1,753,649$276,942$2,828,035
14$5,052,970$1,825,556$288,019$2,939,395
15$5,255,089$1,900,340$299,540$3,055,209
16$5,465,292$1,978,115$311,522$3,175,655
17$5,683,904$2,059,002$323,983$3,300,920
18$5,911,260$2,143,124$336,942$3,431,195
19$6,147,711$2,230,610$350,420$3,566,681
20$6,393,619$2,321,596$364,436$3,707,586
21$6,649,364$2,416,222$379,014$3,854,128
22$6,915,338$2,514,632$394,174$4,006,532
23$7,191,952$2,616,979$409,941$4,165,031
24$7,479,630$2,723,420$426,339$4,329,871
25$7,778,815$2,834,119$443,392$4,501,304
26$8,089,968$2,949,245$461,128$4,679,594
27$8,413,567$3,068,977$479,573$4,865,016
28$8,750,109$3,193,498$498,756$5,057,855
29$9,100,114$3,322,999$518,706$5,258,408
30$9,464,118$3,457,681$539,455$5,466,982
Total$170,200,000$61,652,716$9,701,401$98,845,882

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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.