USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 14, 2022

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The tax information provided here is based on 2024 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 $62,900,000 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, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$308,480$53,964$584,292
2$994,072$325,994$56,662$611,416
3$1,043,776$344,385$59,495$639,896
4$1,095,964$363,695$62,470$669,800
5$1,150,763$383,970$65,593$701,199
6$1,208,301$405,259$68,873$734,169
7$1,268,716$427,613$72,317$768,786
8$1,332,152$451,084$75,933$805,135
9$1,398,759$475,729$79,729$843,301
10$1,468,697$501,606$83,716$883,376
11$1,542,132$528,777$87,902$925,454
12$1,619,239$557,306$92,297$969,636
13$1,700,201$587,262$96,911$1,016,027
14$1,785,211$618,716$101,757$1,064,738
15$1,874,471$651,742$106,845$1,115,884
16$1,968,195$686,420$112,187$1,169,588
17$2,066,604$722,831$117,796$1,225,977
18$2,169,935$761,064$123,686$1,285,185
19$2,278,431$801,207$129,871$1,347,353
20$2,392,353$843,358$136,364$1,412,630
21$2,511,971$887,617$143,182$1,481,171
22$2,637,569$934,088$150,341$1,553,139
23$2,769,447$982,883$157,859$1,628,706
24$2,907,920$1,034,118$165,751$1,708,050
25$3,053,316$1,087,915$174,039$1,791,362
26$3,205,982$1,144,401$182,741$1,878,840
27$3,366,281$1,203,712$191,878$1,970,691
28$3,534,595$1,265,988$201,472$2,067,135
29$3,711,324$1,331,378$211,545$2,168,401
30$3,896,891$1,400,037$222,123$2,274,731
Total$62,900,000$22,018,635$3,585,299$37,296,068

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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.