USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Oct 28, 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 $124,600,000 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:Sat, Oct 28, 2023
Jackpot:$124,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,875,409$652,089$106,898$1,116,421
2$1,969,179$686,784$112,243$1,170,152
3$2,067,638$723,214$117,855$1,226,569
4$2,171,020$761,465$123,748$1,285,807
5$2,279,571$801,629$129,936$1,348,006
6$2,393,550$843,801$136,432$1,413,316
7$2,513,227$888,082$143,254$1,481,891
8$2,638,889$934,577$150,417$1,553,895
9$2,770,833$983,396$157,937$1,629,500
10$2,909,375$1,034,656$165,834$1,708,884
11$3,054,843$1,088,480$174,126$1,792,238
12$3,207,586$1,144,994$182,832$1,879,759
13$3,367,965$1,204,335$191,974$1,971,656
14$3,536,363$1,266,642$201,573$2,068,148
15$3,713,181$1,332,065$211,651$2,169,465
16$3,898,840$1,400,759$222,234$2,275,848
17$4,093,782$1,472,887$233,346$2,387,549
18$4,298,471$1,548,622$245,013$2,504,836
19$4,513,395$1,628,144$257,264$2,627,988
20$4,739,065$1,711,642$270,127$2,757,296
21$4,976,018$1,799,314$283,633$2,893,070
22$5,224,819$1,891,371$297,815$3,035,633
23$5,486,060$1,988,030$312,705$3,185,324
24$5,760,363$2,089,522$328,341$3,342,500
25$6,048,381$2,196,089$344,758$3,507,534
26$6,350,800$2,307,984$361,996$3,680,821
27$6,668,340$2,425,474$380,095$3,862,771
28$7,001,757$2,548,838$399,100$4,053,819
29$7,351,845$2,678,370$419,055$4,254,419
30$7,719,437$2,814,379$440,008$4,465,050
Total$124,600,000$44,847,634$7,102,200$72,650,165

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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.