USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 2, 2023

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The tax information provided here is based on 2025 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$5,894,721$914,727$9,238,392
2$16,850,232$6,191,606$960,463$9,698,163
3$17,692,744$6,503,335$1,008,486$10,180,922
4$18,577,381$6,830,651$1,058,911$10,687,819
5$19,506,249$7,174,333$1,111,856$11,220,061
6$20,481,562$7,535,198$1,167,449$11,778,915
7$21,505,641$7,914,107$1,225,822$12,365,712
8$22,580,923$8,311,962$1,287,113$12,981,849
9$23,709,969$8,729,709$1,351,468$13,628,792
10$24,895,467$9,168,343$1,419,042$14,308,082
11$26,140,241$9,628,909$1,489,994$15,021,338
12$27,447,253$10,112,504$1,564,493$15,770,256
13$28,819,615$10,620,278$1,642,718$16,556,619
14$30,260,596$11,153,441$1,724,854$17,382,301
15$31,773,626$11,713,262$1,811,097$18,249,267
16$33,362,307$12,301,074$1,901,652$19,159,582
17$35,030,422$12,918,276$1,996,734$20,115,412
18$36,781,944$13,566,339$2,096,571$21,119,033
19$38,621,040$14,246,805$2,201,399$22,172,836
20$40,552,093$14,961,295$2,311,469$23,279,329
21$42,579,697$15,711,508$2,427,043$24,441,146
22$44,708,682$16,499,233$2,548,395$25,661,055
23$46,944,116$17,326,343$2,675,815$26,941,958
24$49,291,322$18,194,809$2,809,605$28,286,907
25$51,755,888$19,106,699$2,950,086$29,699,103
26$54,343,683$20,064,183$3,097,590$31,181,910
27$57,060,867$21,069,541$3,252,469$32,738,857
28$59,913,910$22,125,167$3,415,093$34,373,650
29$62,909,605$23,233,574$3,585,848$36,090,184
30$66,055,086$24,397,402$3,765,140$37,892,544
Total$1,066,200,002$393,204,607$60,773,402$612,221,994

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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.