USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jan 13, 2024

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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 $78,400,000 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:Sat, Jan 13, 2024
Jackpot:$78,400,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,180,033$394,800$67,262$717,971
2$1,239,034$416,630$70,625$751,779
3$1,300,986$439,553$74,156$787,277
4$1,366,035$463,621$77,864$824,550
5$1,434,337$488,892$81,757$863,687
6$1,506,054$515,428$85,845$904,781
7$1,581,356$543,290$90,137$947,930
8$1,660,424$572,545$94,644$993,235
9$1,743,445$603,263$99,376$1,040,807
10$1,830,618$635,516$104,345$1,090,756
11$1,922,149$669,383$109,562$1,143,203
12$2,018,256$704,942$115,041$1,198,273
13$2,119,169$742,280$120,793$1,256,096
14$2,225,127$781,485$126,832$1,316,810
15$2,336,384$822,650$133,174$1,380,560
16$2,453,203$865,873$139,833$1,447,497
17$2,575,863$911,257$146,824$1,517,782
18$2,704,656$958,911$154,165$1,591,580
19$2,839,889$1,008,947$161,874$1,669,069
20$2,981,883$1,061,485$169,967$1,750,431
21$3,130,978$1,116,649$178,466$1,835,862
22$3,287,526$1,174,573$187,389$1,925,565
23$3,451,903$1,235,392$196,758$2,019,753
24$3,624,498$1,299,252$206,596$2,118,650
25$3,805,723$1,366,305$216,926$2,222,491
26$3,996,009$1,436,711$227,773$2,331,525
27$4,195,809$1,510,637$239,161$2,446,011
28$4,405,600$1,588,260$251,119$2,566,221
29$4,625,880$1,669,763$263,675$2,692,441
30$4,857,174$1,755,342$276,859$2,824,973
Total$78,400,000$27,753,635$4,468,798$46,177,566

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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.