USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 2, 2023

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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 $1,066,200,000 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 money, as well as deductions claimed.

State:

Kansas

Drawing Date:Mon, Oct 2, 2023
Jackpot:$1,066,200,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,047,840$5,895,889$914,727$9,237,225
2$16,850,232$6,192,774$960,463$9,696,995
3$17,692,744$6,504,503$1,008,486$10,179,754
4$18,577,381$6,831,819$1,058,911$10,686,652
5$19,506,249$7,175,500$1,111,856$11,218,893
6$20,481,562$7,536,366$1,167,449$11,777,747
7$21,505,641$7,915,275$1,225,822$12,364,545
8$22,580,923$8,313,129$1,287,113$12,980,681
9$23,709,969$8,730,876$1,351,468$13,627,624
10$24,895,467$9,169,511$1,419,042$14,306,915
11$26,140,241$9,630,077$1,489,994$15,020,170
12$27,447,253$10,113,671$1,564,493$15,769,088
13$28,819,615$10,621,445$1,642,718$16,555,452
14$30,260,596$11,154,608$1,724,854$17,381,134
15$31,773,626$11,714,429$1,811,097$18,248,100
16$33,362,307$12,302,242$1,901,652$19,158,414
17$35,030,422$12,919,444$1,996,734$20,114,244
18$36,781,944$13,567,507$2,096,571$21,117,866
19$38,621,040$14,247,973$2,201,399$22,171,668
20$40,552,093$14,962,462$2,311,469$23,278,161
21$42,579,697$15,712,676$2,427,043$24,439,979
22$44,708,682$16,500,400$2,548,395$25,659,887
23$46,944,116$17,327,511$2,675,815$26,940,791
24$49,291,322$18,195,977$2,809,605$28,285,740
25$51,755,888$19,107,866$2,950,086$29,697,936
26$54,343,683$20,065,350$3,097,590$31,180,743
27$57,060,867$21,070,709$3,252,469$32,737,689
28$59,913,910$22,126,334$3,415,093$34,372,482
29$62,909,605$23,234,742$3,585,848$36,089,016
30$66,055,086$24,398,570$3,765,140$37,891,377
Total$1,066,200,002$393,239,635$60,773,402$612,186,968

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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.