USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Kansas

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

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $378,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Kansas

Drawing Date:  Fri, Jun 5, 2020
Jackpot:$378,000,000
Federal Tax:  24%
State Tax:5.00%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,689,442$1,365,466$284,472$4,039,504
2$5,973,915$1,433,740$298,696$4,241,479
3$6,272,610$1,505,426$313,631$4,453,553
4$6,586,241$1,580,698$329,312$4,676,231
5$6,915,553$1,659,733$345,778$4,910,042
6$7,261,330$1,742,719$363,067$5,155,545
7$7,624,397$1,829,855$381,220$5,413,322
8$8,005,617$1,921,348$400,281$5,683,988
9$8,405,898$2,017,415$420,295$5,968,187
10$8,826,193$2,118,286$441,310$6,266,597
11$9,267,502$2,224,201$463,375$6,579,927
12$9,730,877$2,335,411$486,544$6,908,923
13$10,217,421$2,452,181$510,871$7,254,369
14$10,728,292$2,574,790$536,415$7,617,088
15$11,264,707$2,703,530$563,235$7,997,942
16$11,827,942$2,838,706$591,397$8,397,839
17$12,419,339$2,980,641$620,967$8,817,731
18$13,040,306$3,129,674$652,015$9,258,618
19$13,692,322$3,286,157$684,616$9,721,548
20$14,376,938$3,450,465$718,847$10,207,626
21$15,095,785$3,622,988$754,789$10,718,007
22$15,850,574$3,804,138$792,529$11,253,907
23$16,643,103$3,994,345$832,155$11,816,603
24$17,475,258$4,194,062$873,763$12,407,433
25$18,349,020$4,403,765$917,451$13,027,804
26$19,266,472$4,623,953$963,324$13,679,195
27$20,229,795$4,855,151$1,011,490$14,363,155
28$21,241,285$5,097,908$1,062,064$15,081,312
29$22,303,349$5,352,804$1,115,167$15,835,378
30$23,418,517$5,620,444$1,170,926$16,627,147
Total$378,000,001$90,720,000$18,900,000$268,380,001
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.