Jackpot Analysis Kansas Powerball

Jackpot Analysis for Kansas Powerball
The jackpot for the Powerball draw on Wed Jan 29, 2025, is projected to be $69 Million, with an option for a cash payout of $30.7 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Kansas residents, the state will deduct 5% from your lottery earnings.

Kansas Powerball Jackpot/Cash Option for Wed Jan 29, 2025
Draw DateWed Jan 29, 2025
Projected Jackpot$69,000,000
Cash Value$30,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$30,700,000
Federal Tax(24%)$7,368,000
Additional Federal Tax$3,951,330
State Tax(5%)$1,535,000
Net Lumpsum Payment$17,845,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,038,519 $344,582
$51,926
$642,011
2 $1,090,476 $363,807
$54,524
$672,145
3 $1,144,986 $383,975
$57,249
$703,762
4 $1,202,256 $405,165
$60,113
$736,978
5 $1,262,355 $427,402
$63,118
$771,835
6 $1,325,490 $450,762
$66,275
$808,453
7 $1,391,730 $475,270
$69,587
$846,873
8 $1,461,351 $501,030
$73,068
$887,253
9 $1,534,422 $528,067
$76,721
$929,634
10 $1,611,150 $556,456
$80,558
$974,136
11 $1,691,673 $586,249
$84,584
$1,020,840
12 $1,776,267 $617,549
$88,813
$1,069,905
13 $1,865,070 $650,406
$93,254
$1,121,410
14 $1,958,358 $684,923
$97,918
$1,175,517
15 $2,056,269 $721,150
$102,813
$1,232,306
16 $2,159,079 $759,190
$107,954
$1,291,935
17 $2,266,995 $799,119
$113,350
$1,354,526
18 $2,380,362 $841,064
$119,018
$1,420,280
19 $2,499,387 $885,104
$124,969
$1,489,314
20 $2,624,346 $931,338
$131,217
$1,561,791
21 $2,755,584 $979,896
$137,779
$1,637,909
22 $2,893,377 $1,030,880
$144,669
$1,717,828
23 $3,038,001 $1,084,391
$151,900
$1,801,710
24 $3,189,939 $1,140,608
$159,497
$1,889,834
25 $3,349,398 $1,199,608
$167,470
$1,982,320
26 $3,516,930 $1,261,594
$175,847
$2,079,489
27 $3,692,742 $1,326,645
$184,637
$2,181,460
28 $3,877,386 $1,394,963
$193,869
$2,288,554
29 $4,071,276 $1,466,703
$203,564
$2,401,009
30 $4,274,826 $1,542,016
$213,741
$2,519,069