As the Powerball jackpot climbs to an astronomical $1.3 billion, a Kansas winner wouldn’t only experience instant wealth — but also could transform the state’s financial health overnight.
That is because such a large payout would produce an impressive tax haul.
A Kansas winner on a $1.3 billion jackpot would have to surrender at least $40 million to the state. The amount is greater than the size of the state’s current shortfall, estimated at more than $10 million.
Here is how the math would work, according to figures ...