USA Mega

Kansas Powerball Jackpot Annuity Payout Schedule for Sep 21, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $196,800,000 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, Sep 21, 2024
Jackpot:$196,800,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,962,122$1,054,173$168,841$1,739,108
2$3,110,229$1,108,972$177,283$1,823,973
3$3,265,740$1,166,512$186,147$1,913,081
4$3,429,027$1,226,928$195,455$2,006,645
5$3,600,478$1,290,365$205,227$2,104,886
6$3,780,502$1,356,974$215,489$2,208,040
7$3,969,527$1,426,913$226,263$2,316,351
8$4,168,004$1,500,349$237,576$2,430,078
9$4,376,404$1,577,457$249,455$2,549,492
10$4,595,224$1,658,421$261,928$2,674,876
11$4,824,985$1,743,432$275,024$2,806,529
12$5,066,235$1,832,695$288,775$2,944,765
13$5,319,546$1,926,420$303,214$3,089,912
14$5,585,524$2,024,832$318,375$3,242,317
15$5,864,800$2,128,164$334,294$3,402,343
16$6,158,040$2,236,663$351,008$3,570,369
17$6,465,942$2,350,586$368,559$3,746,797
18$6,789,239$2,470,206$386,987$3,932,046
19$7,128,701$2,595,807$406,336$4,126,558
20$7,485,136$2,727,688$426,653$4,330,795
21$7,859,393$2,866,163$447,985$4,545,244
22$8,252,362$3,011,562$470,385$4,770,416
23$8,664,980$3,164,231$493,904$5,006,846
24$9,098,229$3,324,533$518,599$5,255,098
25$9,553,141$3,492,850$544,529$5,515,762
26$10,030,798$3,669,583$571,755$5,789,460
27$10,532,338$3,855,153$600,343$6,076,842
28$11,058,955$4,050,001$630,360$6,378,593
29$11,611,902$4,254,592$661,878$6,695,432
30$12,192,498$4,469,412$694,972$7,028,113
Total$196,800,000$71,561,637$11,217,599$114,020,767

◄ Back to Jackpot Analysis

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.