USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 22, 2022

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The tax information provided here is based on 2026 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 $313,700,000 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 money, as well as deductions claimed.

State:

Kansas

Drawing Date:Wed, Jun 22, 2022
Jackpot:$313,700,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,721,635$1,702,962$269,133$2,749,540
2$4,957,717$1,790,313$282,590$2,884,815
3$5,205,603$1,882,030$296,719$3,026,853
4$5,465,883$1,978,334$311,555$3,175,994
5$5,739,177$2,079,453$327,133$3,332,591
6$6,026,136$2,185,628$343,490$3,497,019
7$6,327,443$2,297,111$360,664$3,669,668
8$6,643,815$2,414,169$378,697$3,850,949
9$6,976,006$2,537,079$397,632$4,041,294
10$7,324,806$2,666,135$417,514$4,241,157
11$7,691,046$2,801,644$438,390$4,451,012
12$8,075,599$2,943,929$460,309$4,671,361
13$8,479,378$3,093,327$483,325$4,902,727
14$8,903,347$3,250,196$507,491$5,145,661
15$9,348,515$3,414,908$532,865$5,400,742
16$9,815,941$3,587,855$559,509$5,668,577
17$10,306,737$3,769,450$587,484$5,949,803
18$10,822,074$3,960,125$616,858$6,245,091
19$11,363,178$4,160,333$647,701$6,555,144
20$11,931,337$4,370,552$680,086$6,880,699
21$12,527,904$4,591,282$714,091$7,222,532
22$13,154,299$4,823,048$749,795$7,581,456
23$13,812,014$5,066,402$787,285$7,958,327
24$14,502,615$5,321,925$826,649$8,354,041
25$15,227,745$5,590,223$867,981$8,769,541
26$15,989,133$5,871,936$911,381$9,205,816
27$16,788,589$6,167,735$956,950$9,663,904
28$17,628,019$6,478,324$1,004,797$10,144,897
29$18,509,420$6,804,443$1,055,037$10,649,940
30$19,434,891$7,146,867$1,107,789$11,180,235
Total$313,700,001$114,747,718$17,880,900$181,071,386

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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.