USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Aug 22, 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 $90,000,000 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:Mon, Aug 22, 2022
Jackpot:$90,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,354,629$459,401$77,214$818,015
2$1,422,361$484,461$81,075$856,825
3$1,493,479$510,775$85,128$897,576
4$1,568,153$538,404$89,385$940,364
5$1,646,560$567,415$93,854$985,291
6$1,728,888$597,876$98,547$1,032,465
7$1,815,333$629,861$103,474$1,081,998
8$1,906,099$663,444$108,648$1,134,007
9$2,001,404$698,707$114,080$1,188,617
10$2,101,474$735,733$119,784$1,245,957
11$2,206,548$774,611$125,773$1,306,164
12$2,316,876$815,432$132,062$1,369,382
13$2,432,719$858,294$138,665$1,435,760
14$2,554,355$903,299$145,598$1,505,458
15$2,682,073$950,555$152,878$1,578,640
16$2,816,177$1,000,173$160,522$1,655,482
17$2,956,986$1,052,272$168,548$1,736,165
18$3,104,835$1,106,977$176,976$1,820,883
19$3,260,077$1,164,416$185,824$1,909,836
20$3,423,080$1,224,728$195,116$2,003,237
21$3,594,234$1,288,054$204,871$2,101,309
22$3,773,946$1,354,548$215,115$2,204,283
23$3,962,643$1,424,366$225,871$2,312,407
24$4,160,776$1,497,675$237,164$2,425,937
25$4,368,814$1,574,649$249,022$2,545,143
26$4,587,255$1,655,472$261,474$2,670,309
27$4,816,618$1,740,336$274,547$2,801,734
28$5,057,449$1,829,444$288,275$2,939,730
29$5,310,321$1,923,007$302,688$3,084,626
30$5,575,837$2,021,248$317,823$3,236,767
Total$90,000,000$32,045,633$5,130,001$52,824,367

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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.