USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 15, 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 $47,800,000 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:Sat, Jan 15, 2022
Jackpot:$47,800,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$719,459$222,157$41,009$456,293
2$755,432$235,467$43,060$476,905
3$793,203$249,442$45,213$498,548
4$832,863$264,117$47,473$521,273
5$874,506$279,525$49,847$545,135
6$918,232$295,703$52,339$570,190
7$964,143$312,690$54,956$596,497
8$1,012,351$330,527$57,704$624,120
9$1,062,968$349,255$60,589$653,123
10$1,116,116$368,920$63,619$683,577
11$1,171,922$389,568$66,800$715,554
12$1,230,518$411,249$70,140$749,130
13$1,292,044$434,014$73,647$784,384
14$1,356,647$457,916$77,329$821,401
15$1,424,479$483,014$81,195$860,269
16$1,495,703$509,367$85,255$901,080
17$1,570,488$537,038$89,518$943,932
18$1,649,012$566,092$93,994$988,927
19$1,731,463$596,599$98,693$1,036,171
20$1,818,036$628,631$103,628$1,085,777
21$1,908,938$662,264$108,809$1,137,864
22$2,004,385$697,580$114,250$1,192,555
23$2,104,604$734,661$119,962$1,249,981
24$2,209,834$773,596$125,961$1,310,278
25$2,320,326$814,478$132,259$1,373,589
26$2,436,342$857,404$138,872$1,440,067
27$2,558,159$902,476$145,815$1,509,868
28$2,686,067$949,802$153,106$1,583,159
29$2,820,371$999,494$160,761$1,660,115
30$2,961,389$1,051,671$168,799$1,740,919
Total$47,800,000$16,364,717$2,724,602$28,710,681

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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.