USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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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 $285,600,000 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, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$245,025$2,499,077
2$4,513,624$1,634,113$257,277$2,622,235
3$4,739,306$1,717,615$270,140$2,751,550
4$4,976,271$1,805,293$283,647$2,887,331
5$5,225,084$1,897,353$297,830$3,029,901
6$5,486,339$1,994,018$312,721$3,179,600
7$5,760,656$2,095,515$328,357$3,336,783
8$6,048,688$2,202,087$344,775$3,501,826
9$6,351,123$2,313,988$362,014$3,675,121
10$6,668,679$2,431,483$380,115$3,857,081
11$7,002,113$2,554,854$399,120$4,048,138
12$7,352,219$2,684,393$419,076$4,248,749
13$7,719,829$2,820,409$440,030$4,459,390
14$8,105,821$2,963,226$462,032$4,680,563
15$8,511,112$3,113,184$485,133$4,912,795
16$8,936,668$3,270,639$509,390$5,156,638
17$9,383,501$3,435,968$534,860$5,412,674
18$9,852,676$3,609,562$561,603$5,681,511
19$10,345,310$3,791,837$589,683$5,963,790
20$10,862,575$3,983,225$619,167$6,260,183
21$11,405,704$4,184,183$650,125$6,571,396
22$11,975,989$4,395,188$682,631$6,898,170
23$12,574,789$4,616,744$716,763$7,241,282
24$13,203,528$4,849,378$752,601$7,601,549
25$13,863,704$5,093,643$790,231$7,979,830
26$14,556,890$5,350,121$829,743$8,377,026
27$15,284,734$5,619,424$871,230$8,794,080
28$16,048,971$5,902,191$914,791$9,231,988
29$16,851,419$6,199,097$960,531$9,691,791
30$17,693,990$6,510,849$1,008,557$10,174,584
Total$285,600,001$104,594,167$16,279,198$164,726,632

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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.