USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 23, 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 $32,200,000 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, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$27,625$313,648
2$508,889$151,864$29,007$328,018
3$534,333$160,770$30,457$343,107
4$561,050$170,544$31,980$358,527
5$589,103$180,923$33,579$374,601
6$618,558$191,821$35,258$391,479
7$649,486$203,265$37,021$409,200
8$681,960$215,280$38,872$427,808
9$716,058$227,896$40,815$447,346
10$751,861$241,144$42,856$467,861
11$789,454$255,053$44,999$489,402
12$828,927$269,658$47,249$512,020
13$870,373$284,993$49,611$535,769
14$913,892$301,095$52,092$560,705
15$959,586$318,002$54,696$586,888
16$1,007,565$335,754$57,431$614,380
17$1,057,944$354,394$60,303$643,247
18$1,110,841$373,966$63,318$673,557
19$1,166,383$394,517$66,484$705,382
20$1,224,702$416,095$69,808$738,799
21$1,285,937$438,752$73,298$773,887
22$1,350,234$462,542$76,963$810,729
23$1,417,746$487,521$80,812$849,413
24$1,488,633$513,749$84,852$890,032
25$1,563,065$541,289$89,095$932,681
26$1,641,218$570,206$93,549$977,463
27$1,723,279$600,568$98,227$1,024,484
28$1,809,443$632,449$103,138$1,073,856
29$1,899,915$665,924$108,295$1,125,696
30$1,994,911$701,072$113,710$1,180,129
Total$32,200,000$10,804,489$1,835,400$19,560,114

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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.