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Kansas Powerball Jackpot Annuity Payout Schedule for Nov 25, 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 $337,900,000 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, Nov 25, 2023
Jackpot:$337,900,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,085,880$1,839,963$289,895$2,956,021
2$5,340,174$1,934,052$304,390$3,101,732
3$5,607,183$2,032,845$319,609$3,254,728
4$5,887,542$2,136,578$335,590$3,415,374
5$6,181,919$2,245,498$352,369$3,584,052
6$6,491,015$2,359,863$369,988$3,761,164
7$6,815,566$2,479,947$388,487$3,947,131
8$7,156,344$2,606,035$407,912$4,142,397
9$7,514,161$2,738,427$428,307$4,347,427
10$7,889,869$2,877,439$449,723$4,562,707
11$8,284,363$3,023,402$472,209$4,788,752
12$8,698,581$3,176,663$495,819$5,026,099
13$9,133,510$3,337,586$520,610$5,275,313
14$9,590,185$3,506,556$546,641$5,536,988
15$10,069,694$3,683,975$573,973$5,811,747
16$10,573,179$3,870,264$602,671$6,100,244
17$11,101,838$4,065,868$632,805$6,403,165
18$11,656,930$4,271,252$664,445$6,721,233
19$12,239,776$4,486,905$697,667$7,055,204
20$12,851,765$4,713,341$732,551$7,405,874
21$13,494,353$4,951,099$769,178$7,774,077
22$14,169,071$5,200,744$807,637$8,160,690
23$14,877,525$5,462,872$848,019$8,566,634
24$15,621,401$5,738,106$890,420$8,992,875
25$16,402,471$6,027,102$934,941$9,440,428
26$17,222,595$6,330,548$981,688$9,910,359
27$18,083,724$6,649,166$1,030,772$10,403,786
28$18,987,910$6,983,715$1,082,311$10,921,885
29$19,937,306$7,334,991$1,136,426$11,465,889
30$20,934,171$7,703,831$1,193,248$12,037,092
Total$337,900,001$123,768,633$19,260,301$194,871,067

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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.