USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 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 Mega Millions 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 $850,000,000 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 prize money, as well as deductions claimed.

State:

Kansas

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$729,242$7,366,729
2$13,433,406$4,934,432$765,704$7,733,269
3$14,105,076$5,182,950$803,989$8,118,136
4$14,810,330$5,443,894$844,189$8,522,247
5$15,550,846$5,717,885$886,398$8,946,563
6$16,328,389$6,005,576$930,718$9,392,094
7$17,144,809$6,307,651$977,254$9,859,903
8$18,002,049$6,624,830$1,026,117$10,351,102
9$18,902,151$6,957,868$1,077,423$10,866,860
10$19,847,259$7,307,558$1,131,294$11,408,407
11$20,839,622$7,674,732$1,187,858$11,977,031
12$21,881,603$8,060,265$1,247,251$12,574,086
13$22,975,683$8,465,075$1,309,614$13,200,994
14$24,124,467$8,890,125$1,375,095$13,859,247
15$25,330,690$9,336,428$1,443,849$14,550,413
16$26,597,225$9,805,046$1,516,042$15,276,138
17$27,927,086$10,297,094$1,591,844$16,038,148
18$29,323,440$10,813,745$1,671,436$16,838,259
19$30,789,612$11,356,229$1,755,008$17,678,375
20$32,329,093$11,925,837$1,842,758$18,560,498
21$33,945,547$12,523,925$1,934,896$19,486,726
22$35,642,825$13,151,917$2,031,641$20,459,266
23$37,424,966$13,811,310$2,133,223$21,480,433
24$39,296,214$14,503,671$2,239,884$22,552,658
25$41,261,025$15,230,651$2,351,878$23,678,495
26$43,324,077$15,993,981$2,469,472$24,860,624
27$45,490,280$16,795,476$2,592,946$26,101,858
28$47,764,794$17,637,046$2,722,593$27,405,155
29$50,153,034$18,520,695$2,858,723$28,773,616
30$52,660,686$19,448,526$3,001,659$30,210,501
Total$850,000,002$313,422,167$48,449,998$488,127,831

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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.