USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 12, 2022

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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 $35,500,000 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:Wed, Jan 12, 2022
Jackpot:$35,500,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$534,326$155,783$30,457$348,086
2$561,042$165,134$31,979$363,929
3$589,094$174,952$33,578$380,564
4$618,549$185,261$35,257$398,030
5$649,477$196,264$37,020$416,193
6$681,950$208,279$38,871$434,800
7$716,048$220,895$40,815$454,338
8$751,850$234,142$42,855$474,853
9$789,443$248,051$44,998$496,393
10$828,915$262,656$47,248$519,011
11$870,361$277,991$49,611$542,759
12$913,879$294,092$52,091$567,695
13$959,573$310,999$54,696$593,878
14$1,007,551$328,751$57,430$621,370
15$1,057,929$347,391$60,302$650,236
16$1,110,825$366,963$63,317$680,546
17$1,166,367$387,513$66,483$712,371
18$1,224,685$409,091$69,807$745,787
19$1,285,919$431,747$73,297$780,874
20$1,350,215$455,537$76,962$817,716
21$1,417,726$480,516$80,810$856,400
22$1,488,612$506,744$84,851$897,017
23$1,563,043$534,283$89,093$939,666
24$1,641,195$563,199$93,548$984,447
25$1,723,255$593,561$98,226$1,031,468
26$1,809,417$625,442$103,137$1,080,839
27$1,899,888$658,916$108,294$1,132,679
28$1,994,883$694,064$113,708$1,187,110
29$2,094,627$730,969$119,394$1,244,264
30$2,199,358$769,720$125,363$1,304,275
Total$35,500,000$11,818,906$2,023,498$21,657,594

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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.