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Kansas Powerball Jackpot Annuity Payout Schedule for Jan 17, 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 $101,500,000 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, Jan 17, 2024
Jackpot:$101,500,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,527,721$523,444$87,080$917,196
2$1,604,107$551,707$91,434$960,965
3$1,684,312$581,383$96,006$1,006,923
4$1,768,528$612,543$100,806$1,055,179
5$1,856,954$645,261$105,846$1,105,847
6$1,949,802$679,614$111,139$1,159,049
7$2,047,292$715,686$116,696$1,214,910
8$2,149,656$753,561$122,530$1,273,565
9$2,257,139$793,329$128,657$1,335,153
10$2,369,996$835,086$135,090$1,399,820
11$2,488,496$878,931$141,844$1,467,720
12$2,612,921$924,968$148,936$1,539,016
13$2,743,567$973,307$156,383$1,613,876
14$2,880,745$1,024,063$164,202$1,692,479
15$3,024,782$1,077,357$172,413$1,775,013
16$3,176,022$1,133,316$181,033$1,861,673
17$3,334,823$1,192,072$190,085$1,952,666
18$3,501,564$1,253,766$199,589$2,048,208
19$3,676,642$1,318,545$209,569$2,148,528
20$3,860,474$1,386,563$220,047$2,253,864
21$4,053,498$1,457,982$231,049$2,364,466
22$4,256,173$1,532,972$242,602$2,480,599
23$4,468,981$1,611,711$254,732$2,602,539
24$4,692,430$1,694,387$267,469$2,730,575
25$4,927,052$1,781,197$280,842$2,865,013
26$5,173,404$1,872,347$294,884$3,006,173
27$5,432,075$1,968,055$309,628$3,154,391
28$5,703,678$2,068,549$325,110$3,310,020
29$5,988,862$2,174,067$341,365$3,473,430
30$6,288,305$2,284,861$358,433$3,645,011
Total$101,500,000$36,300,630$5,785,499$59,413,867

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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.