USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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The tax information provided here is based on 2022 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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$542,728$5,492,886
2$9,997,615$3,662,072$569,864$5,765,678
3$10,497,495$3,847,028$598,357$6,052,110
4$11,022,371$4,041,232$628,275$6,352,863
5$11,573,488$4,245,146$659,689$6,668,654
6$12,152,163$4,459,255$692,673$7,000,234
7$12,759,772$4,684,071$727,307$7,348,394
8$13,397,760$4,920,126$763,672$7,713,962
9$14,067,648$5,167,985$801,856$8,097,807
10$14,771,030$5,428,236$841,949$8,500,845
11$15,509,582$5,701,500$884,046$8,924,035
12$16,285,061$5,988,428$928,248$9,368,385
13$17,099,314$6,289,701$974,661$9,834,952
14$17,954,280$6,606,039$1,023,394$10,324,847
15$18,851,994$6,938,193$1,074,564$10,839,237
16$19,794,594$7,286,955$1,128,292$11,379,347
17$20,784,323$7,653,154$1,184,706$11,946,462
18$21,823,539$8,037,664$1,243,942$12,541,933
19$22,914,716$8,441,400$1,306,139$13,167,177
20$24,060,452$8,865,322$1,371,446$13,823,684
21$25,263,474$9,310,441$1,440,018$14,513,016
22$26,526,648$9,777,815$1,512,019$15,236,814
23$27,852,981$10,268,558$1,587,620$15,996,803
24$29,245,629$10,783,838$1,667,001$16,794,791
25$30,707,911$11,324,882$1,750,351$17,632,678
26$32,243,307$11,892,979$1,837,868$18,512,460
27$33,855,472$12,489,480$1,929,762$19,436,231
28$35,548,245$13,115,806$2,026,250$20,406,190
29$37,325,658$13,773,448$2,127,562$21,424,647
30$39,191,941$14,463,973$2,233,941$22,494,027
Total$632,600,001$232,950,651$36,058,200$363,591,149

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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.