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Kansas Powerball Jackpot Annuity Payout Schedule for Oct 25, 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 $103,400,000 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, Oct 25, 2023
Jackpot:$103,400,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,556,318$532,858$88,710$934,750
2$1,634,134$561,650$93,146$979,339
3$1,715,841$591,881$97,803$1,026,157
4$1,801,633$623,625$102,693$1,075,316
5$1,891,715$656,955$107,828$1,126,932
6$1,986,300$691,951$113,219$1,181,130
7$2,085,616$728,698$118,880$1,238,037
8$2,189,896$767,282$124,824$1,297,790
9$2,299,391$807,795$131,065$1,360,531
10$2,414,361$850,334$137,619$1,426,408
11$2,535,079$894,999$144,499$1,495,580
12$2,661,833$941,898$151,724$1,568,210
13$2,794,924$991,142$159,311$1,644,471
14$2,934,670$1,042,848$167,276$1,724,546
15$3,081,404$1,097,140$175,640$1,808,624
16$3,235,474$1,154,146$184,422$1,896,906
17$3,397,248$1,214,002$193,643$1,989,603
18$3,567,110$1,276,851$203,325$2,086,934
19$3,745,466$1,342,843$213,492$2,189,132
20$3,932,739$1,412,134$224,166$2,296,439
21$4,129,376$1,484,889$235,374$2,409,112
22$4,335,845$1,561,283$247,143$2,527,419
23$4,552,637$1,641,496$259,500$2,651,641
24$4,780,269$1,725,720$272,475$2,782,074
25$5,019,282$1,814,155$286,099$2,919,029
26$5,270,247$1,907,011$300,404$3,062,831
27$5,533,759$2,004,511$315,424$3,213,824
28$5,810,447$2,106,886$331,195$3,372,366
29$6,100,969$2,214,379$347,755$3,538,835
30$6,406,018$2,327,247$365,143$3,713,628
Total$103,400,000$36,968,609$5,893,797$60,537,594

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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.