USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Mar 23, 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 $758,100,000 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, Mar 23, 2024
Jackpot:$758,100,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,410,493$4,180,070$650,398$6,580,025
2$11,981,018$4,391,164$682,918$6,906,935
3$12,580,068$4,612,813$717,064$7,250,191
4$13,209,072$4,845,544$752,917$7,610,611
5$13,869,525$5,089,912$790,563$7,989,050
6$14,563,002$5,346,498$830,091$8,386,412
7$15,291,152$5,615,914$871,596$8,803,642
8$16,055,710$5,898,800$915,175$9,241,734
9$16,858,495$6,195,831$960,934$9,701,730
10$17,701,420$6,507,713$1,008,981$10,184,726
11$18,586,491$6,835,189$1,059,430$10,691,871
12$19,515,815$7,179,039$1,112,401$11,224,374
13$20,491,606$7,540,082$1,168,022$11,783,502
14$21,516,186$7,919,177$1,226,423$12,370,587
15$22,591,996$8,317,226$1,287,744$12,987,026
16$23,721,596$8,735,178$1,352,131$13,634,287
17$24,907,675$9,174,027$1,419,737$14,313,910
18$26,153,059$9,634,820$1,490,724$15,027,515
19$27,460,712$10,118,651$1,565,261$15,776,800
20$28,833,747$10,626,674$1,643,524$16,563,550
21$30,275,435$11,160,099$1,725,700$17,389,636
22$31,789,206$11,720,194$1,811,985$18,257,028
23$33,378,667$12,308,295$1,902,584$19,167,788
24$35,047,600$12,925,800$1,997,713$20,124,087
25$36,799,980$13,574,180$2,097,599$21,128,201
26$38,639,979$14,254,980$2,202,479$22,182,520
27$40,571,978$14,969,820$2,312,603$23,289,556
28$42,600,577$15,720,401$2,428,233$24,451,943
29$44,730,606$16,508,512$2,549,645$25,672,449
30$46,967,136$17,336,028$2,677,127$26,953,981
Total$758,100,002$279,242,631$43,211,702$435,645,667

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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.