USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Mar 7, 2015

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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 $101,500,000 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 7, 2015
Jackpot:$101,500,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,809,755$626,630$103,156$1,079,969
2$1,882,145$653,414$107,282$1,121,449
3$1,957,431$681,270$111,574$1,164,588
4$2,035,728$710,240$116,037$1,209,452
5$2,117,157$740,369$120,678$1,256,111
6$2,201,844$771,702$125,505$1,304,636
7$2,289,917$804,290$130,525$1,355,102
8$2,381,514$838,181$135,746$1,407,587
9$2,476,775$873,427$141,176$1,462,172
10$2,575,846$910,083$146,823$1,518,939
11$2,678,880$948,206$152,696$1,577,978
12$2,786,035$987,853$158,804$1,639,378
13$2,897,476$1,029,086$165,156$1,703,234
14$3,013,375$1,071,969$171,762$1,769,644
15$3,133,910$1,116,567$178,633$1,838,710
16$3,259,267$1,162,949$185,778$1,910,540
17$3,389,637$1,211,186$193,209$1,985,242
18$3,525,223$1,261,353$200,938$2,062,932
19$3,666,232$1,313,526$208,975$2,143,731
20$3,812,881$1,367,786$217,334$2,227,761
21$3,965,396$1,424,217$226,028$2,315,152
22$4,124,012$1,482,905$235,069$2,406,039
23$4,288,973$1,543,940$244,471$2,500,561
24$4,460,531$1,607,417$254,250$2,598,864
25$4,638,953$1,673,433$264,420$2,701,100
26$4,824,511$1,742,089$274,997$2,807,424
27$5,017,491$1,813,492$285,997$2,918,002
28$5,218,191$1,887,751$297,437$3,033,003
29$5,426,919$1,964,980$309,334$3,152,604
30$5,643,995$2,045,298$321,708$3,276,989
Total$101,500,000$36,265,609$5,785,498$59,448,893

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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.