USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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 prize money, as well as deductions claimed.

State:

Kansas

Drawing Date:Sat, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$79,702$838,258
2$1,468,192$506,186$83,687$878,319
3$1,541,602$533,348$87,871$920,383
4$1,618,682$561,867$92,265$964,550
5$1,699,616$591,813$96,878$1,010,925
6$1,784,597$623,256$101,722$1,059,619
7$1,873,827$656,271$106,808$1,110,748
8$1,967,518$690,937$112,149$1,164,433
9$2,065,894$727,336$117,756$1,220,802
10$2,169,189$765,555$123,644$1,279,990
11$2,277,648$805,685$129,826$1,342,137
12$2,391,530$847,821$136,317$1,407,392
13$2,511,107$892,065$143,133$1,475,909
14$2,636,662$938,520$150,290$1,547,853
15$2,768,495$987,298$157,804$1,623,393
16$2,906,920$1,038,515$165,694$1,702,710
17$3,052,266$1,092,293$173,979$1,785,994
18$3,204,880$1,148,760$182,678$1,873,441
19$3,365,123$1,208,051$191,812$1,965,261
20$3,533,380$1,270,305$201,403$2,061,672
21$3,710,049$1,335,673$211,473$2,162,903
22$3,895,551$1,404,309$222,046$2,269,196
23$4,090,329$1,476,377$233,149$2,380,803
24$4,294,845$1,552,048$244,806$2,497,991
25$4,509,587$1,631,502$257,046$2,621,039
26$4,735,067$1,714,930$269,899$2,750,238
27$4,971,820$1,802,528$283,394$2,885,898
28$5,220,411$1,894,507$297,563$3,028,340
29$5,481,432$1,991,085$312,442$3,177,905
30$5,755,503$2,092,491$328,064$3,334,948
Total$92,900,000$33,261,650$5,295,300$54,343,050

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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.