USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$39,207$431,183
2$722,243$230,185$41,168$450,890
3$758,355$243,546$43,226$471,583
4$796,273$257,576$45,388$493,309
5$836,087$272,307$47,657$516,123
6$877,891$287,775$50,040$540,077
7$921,786$304,016$52,542$565,228
8$967,875$321,069$55,169$591,637
9$1,016,269$338,974$57,927$619,367
10$1,067,082$357,775$60,824$648,483
11$1,120,436$377,516$63,865$679,055
12$1,176,458$398,244$67,058$711,155
13$1,235,281$420,009$70,411$744,861
14$1,297,045$442,862$73,932$780,252
15$1,361,897$466,857$77,628$817,412
16$1,429,992$492,052$81,510$856,430
17$1,501,492$518,507$85,585$897,400
18$1,576,566$546,284$89,864$940,417
19$1,655,394$575,451$94,357$985,586
20$1,738,164$606,076$99,075$1,033,013
21$1,825,072$638,232$104,029$1,082,811
22$1,916,326$671,996$109,231$1,135,100
23$2,012,142$707,448$114,692$1,190,003
24$2,112,749$744,672$120,427$1,247,650
25$2,218,387$783,758$126,448$1,308,181
26$2,329,306$824,798$132,770$1,371,737
27$2,445,772$867,890$139,409$1,438,472
28$2,568,060$913,137$146,379$1,508,543
29$2,696,463$960,646$153,698$1,582,118
30$2,831,286$1,010,531$161,383$1,659,372
Total$45,700,000$15,797,649$2,604,899$27,297,448

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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.