USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 11, 2021

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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 $38,800,000 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:Mon, Oct 11, 2021
Jackpot:$38,800,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$583,996$173,168$33,288$377,540
2$613,195$183,388$34,952$394,856
3$643,855$194,184$36,700$412,972
4$676,048$206,095$38,535$431,418
5$709,850$218,602$40,461$450,787
6$745,343$231,734$42,485$471,124
7$782,610$245,523$44,609$492,478
8$821,741$260,001$46,839$514,900
9$862,828$275,203$49,181$538,443
10$905,969$291,166$51,640$563,163
11$951,267$307,926$54,222$589,119
12$998,831$325,525$56,933$616,373
13$1,048,772$344,003$59,780$644,989
14$1,101,211$363,405$62,769$675,037
15$1,156,272$383,778$65,907$706,586
16$1,214,085$405,169$69,203$739,714
17$1,274,789$427,629$72,663$774,497
18$1,338,529$451,213$76,296$811,020
19$1,405,455$475,976$80,111$849,369
20$1,475,728$501,977$84,116$889,635
21$1,549,514$529,278$88,322$931,914
22$1,626,990$557,944$92,738$976,308
23$1,708,340$588,043$97,375$1,022,921
24$1,793,757$619,647$102,244$1,071,865
25$1,883,444$652,832$107,356$1,123,256
26$1,977,617$687,675$112,724$1,177,217
27$2,076,498$724,261$118,360$1,233,876
28$2,180,322$762,677$124,278$1,293,367
29$2,289,338$803,012$130,492$1,355,834
30$2,403,805$845,365$137,017$1,421,423
Total$38,800,000$13,036,399$2,211,596$23,552,001

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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.