USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Jun 10, 2024

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The tax information provided here is based on 2025 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 $222,600,000 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:Mon, Jun 10, 2024
Jackpot:$222,600,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,350,449$1,196,687$190,976$1,962,787
2$3,517,972$1,258,670$200,524$2,058,778
3$3,693,870$1,323,752$210,551$2,159,568
4$3,878,564$1,392,089$221,078$2,265,397
5$4,072,492$1,463,842$232,132$2,376,518
6$4,276,117$1,539,183$243,739$2,493,195
7$4,489,923$1,618,292$255,926$2,615,706
8$4,714,419$1,701,355$268,722$2,744,342
9$4,950,140$1,788,572$282,158$2,879,410
10$5,197,647$1,880,150$296,266$3,021,231
11$5,457,529$1,976,306$311,079$3,170,144
12$5,730,406$2,077,270$326,633$3,326,502
13$6,016,926$2,183,283$342,965$3,490,678
14$6,317,772$2,294,596$360,113$3,663,063
15$6,633,661$2,411,475$378,119$3,844,067
16$6,965,344$2,534,197$397,025$4,034,122
17$7,313,611$2,663,056$416,876$4,233,679
18$7,679,292$2,798,358$437,720$4,443,214
19$8,063,256$2,940,425$459,606$4,663,225
20$8,466,419$3,089,595$482,586$4,894,238
21$8,889,740$3,246,224$506,715$5,136,801
22$9,334,227$3,410,684$532,051$5,391,492
23$9,800,938$3,583,367$558,653$5,658,917
24$10,290,985$3,764,685$586,586$5,939,714
25$10,805,534$3,955,068$615,915$6,234,551
26$11,345,811$4,154,970$646,711$6,544,130
27$11,913,102$4,364,868$679,047$6,869,187
28$12,508,757$4,585,260$712,999$7,210,497
29$13,134,194$4,816,672$748,649$7,568,873
30$13,790,904$5,059,655$786,082$7,945,168
Total$222,600,000$81,072,606$12,688,202$128,839,194

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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.