USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 24, 2020

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2021 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 $105,700,000 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 prize money, as well as deductions claimed.

State:

Kansas

Drawing Date:Sat, Oct 24, 2020
Jackpot:$105,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,590,937$552,719$90,683$947,534
2$1,670,484$582,151$95,218$993,115
3$1,754,008$613,055$99,978$1,040,974
4$1,841,708$645,504$104,977$1,091,227
5$1,933,793$679,576$110,226$1,143,991
6$2,030,483$715,351$115,738$1,199,395
7$2,132,007$752,915$121,524$1,257,568
8$2,238,608$792,357$127,601$1,318,650
9$2,350,538$833,771$133,981$1,382,786
10$2,468,065$877,256$140,680$1,450,129
11$2,591,468$922,916$147,714$1,520,839
12$2,721,042$970,858$155,099$1,595,085
13$2,857,094$1,021,197$162,854$1,673,042
14$2,999,948$1,074,053$170,997$1,754,898
15$3,149,946$1,129,552$179,547$1,840,847
16$3,307,443$1,187,826$188,524$1,931,093
17$3,472,815$1,249,014$197,950$2,025,851
18$3,646,456$1,313,261$207,848$2,125,347
19$3,828,779$1,380,720$218,240$2,229,818
20$4,020,218$1,451,553$229,152$2,339,513
21$4,221,229$1,525,927$240,610$2,454,692
22$4,432,290$1,604,020$252,641$2,575,630
23$4,653,905$1,686,017$265,273$2,702,615
24$4,886,600$1,772,114$278,536$2,835,949
25$5,130,930$1,862,516$292,463$2,975,951
26$5,387,476$1,957,439$307,086$3,122,952
27$5,656,850$2,057,107$322,440$3,277,303
28$5,939,693$2,161,759$338,562$3,439,372
29$6,236,677$2,271,643$355,491$3,609,544
30$6,548,511$2,387,021$373,265$3,788,225
Total$105,700,000$38,031,168$6,024,898$61,643,935

◄ Back to Jackpot Analysis

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.