Printer Friendly
Email to a Friend
TOPEKA, Kan. (AP) - Kansas could be a big winner if someone buys the winning ticket to the $1.3 billion Powerball drawing in the state.
The Kansas Lottery says a Kansas winner of Wednesday's jackpot would have to pay at least $40 million to the state.
The Topeka Capital-Journal reports that is far more than the state's current budget shortfall, which is more than $10 million.
Lottery spokeswoman Sally Lunsford says if the winner took the one-time payout of $806 million, the state's tax of 5 percent would generate a bit more than $40 million. After federal taxes, the winner would still get $564 million.
If the winner took the annuity payments, the state would withhold 5 percent every year. The state would reap millions but it would be spread over several years.
© Associated Press
|
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
One hospitalized, one jailed, after Atchison attack
Fentanyl find nets four in two Atchison cases
Services set for Effingham woman killed in crash
Barricaded fugitive arrested in Jackson County
Two file to challenge local legislator
Fatal Atchison apt fire investigation continues
USD 415 board select new member
U.S. 36 work in Doniphan Co to impact motorists
Support sought for fire ravaged family
Results from SE Nebraska contested Primary Elections
Date set for signals switch at Hiawatha intersection
Four injured in Richardson Co rollover crash
Flags to fly half staff Wednesday across KS
State Board approves land transfer agreements
Armed felon found, arrested, in Jackson Co
Memorial Day enforcement hits KS roads
LATEST STORIES
Four injured in Richardson Co rollover crash
Tuition increase by KU, others in state
KS grad requirements updated after two decades.
Fentanyl find nets four in two Atchison cases
Armed felon found, arrested, in Jackson Co
Support sought for fire ravaged family
Potts first to file for Sheriff's seat in Atchison Co
Senator Slama won't endorse candidate in legislative race
Local author brings "Broken and Chained" to Falls City Saturday
Hiawatha, Ks 66434