USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Sep 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 $286,000,000 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 prize money, as well as deductions claimed.

State:

Kansas

Drawing Date:Mon, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$245,368$2,503,644
2$4,519,946$1,635,335$257,637$2,626,974
3$4,745,943$1,718,954$270,519$2,756,470
4$4,983,241$1,806,754$284,045$2,892,442
5$5,232,402$1,898,944$298,247$3,035,212
6$5,494,023$1,995,743$313,159$3,185,120
7$5,768,724$2,097,383$328,817$3,342,524
8$6,057,160$2,204,104$345,258$3,507,798
9$6,360,018$2,316,162$362,521$3,681,335
10$6,678,019$2,433,822$380,647$3,863,550
11$7,011,920$2,557,365$399,679$4,054,875
12$7,362,516$2,687,086$419,663$4,255,767
13$7,730,641$2,823,292$440,647$4,466,703
14$8,117,174$2,966,309$462,679$4,688,185
15$8,523,032$3,116,477$485,813$4,920,742
16$8,949,184$3,274,153$510,103$5,164,927
17$9,396,643$3,439,713$535,609$5,421,321
18$9,866,475$3,613,551$562,389$5,690,535
19$10,359,799$3,796,081$590,509$5,973,210
20$10,877,789$3,987,737$620,034$6,270,018
21$11,421,678$4,188,976$651,036$6,581,667
22$11,992,762$4,400,277$683,587$6,908,898
23$12,592,400$4,622,143$717,767$7,252,490
24$13,222,020$4,855,102$753,655$7,613,263
25$13,883,121$5,099,710$791,338$7,992,073
26$14,577,278$5,356,548$830,905$8,389,825
27$15,306,141$5,626,227$872,450$8,807,464
28$16,071,448$5,909,391$916,073$9,245,985
29$16,875,021$6,206,713$961,876$9,706,432
30$17,718,772$6,518,901$1,009,970$10,189,901
Total$286,000,001$104,708,651$16,302,000$164,989,350

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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.