USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 16, 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 $76,000,000 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, Nov 16, 2022
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,143,909$381,434$65,203$697,272
2$1,201,105$402,596$68,463$730,045
3$1,261,160$424,817$71,886$764,457
4$1,324,218$448,148$75,480$800,589
5$1,390,429$472,646$79,254$838,528
6$1,459,950$498,369$83,217$878,364
7$1,532,948$525,378$87,378$920,191
8$1,609,595$553,738$91,747$964,110
9$1,690,075$583,515$96,334$1,010,225
10$1,774,578$614,782$101,151$1,058,646
11$1,863,307$647,611$106,209$1,109,487
12$1,956,473$682,083$111,519$1,162,871
13$2,054,296$718,277$117,095$1,218,924
14$2,157,011$756,282$122,950$1,277,780
15$2,264,862$796,187$129,097$1,339,578
16$2,378,105$838,087$135,552$1,404,466
17$2,497,010$882,081$142,330$1,472,599
18$2,621,861$928,276$149,446$1,544,138
19$2,752,954$976,781$156,918$1,619,255
20$2,890,601$1,027,710$164,764$1,698,127
21$3,035,131$1,081,186$173,002$1,780,942
22$3,186,888$1,137,336$181,653$1,867,899
23$3,346,232$1,196,294$190,735$1,959,203
24$3,513,544$1,258,199$200,272$2,055,073
25$3,689,221$1,323,200$210,286$2,155,736
26$3,873,682$1,391,450$220,800$2,261,432
27$4,067,366$1,463,113$231,840$2,372,413
28$4,270,735$1,538,360$243,432$2,488,943
29$4,484,271$1,617,368$255,603$2,611,300
30$4,708,485$1,700,327$268,384$2,739,774
Total$76,000,000$26,865,631$4,332,000$44,802,367

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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.