USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Feb 7, 2023

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The tax information provided here is based on 2022 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 $31,000,000 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, Feb 7, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$137,061$26,596$302,938
2$489,924$145,226$27,926$316,772
3$514,420$153,800$29,322$331,298
4$540,141$162,807$30,788$346,546
5$567,149$172,800$32,327$362,021
6$595,506$183,292$33,944$378,270
7$625,281$194,309$35,641$395,331
8$656,545$205,877$37,423$413,245
9$689,373$218,023$39,294$432,055
10$723,841$230,776$41,259$451,806
11$760,033$244,167$43,322$472,544
12$798,035$258,228$45,488$494,319
13$837,937$272,992$47,762$517,183
14$879,834$288,493$50,151$541,190
15$923,825$304,770$52,658$566,397
16$970,016$321,861$55,291$592,864
17$1,018,517$339,806$58,055$620,655
18$1,069,443$358,649$60,958$649,836
19$1,122,915$378,434$64,006$680,475
20$1,179,061$399,208$67,206$712,647
21$1,238,014$421,020$70,567$746,427
22$1,299,915$443,923$74,095$781,896
23$1,364,911$467,972$77,800$819,139
24$1,433,156$493,223$81,690$858,243
25$1,504,814$519,736$85,774$899,303
26$1,580,055$547,575$90,063$942,416
27$1,659,057$576,806$94,566$987,685
28$1,742,010$607,499$99,295$1,035,217
29$1,829,111$639,726$104,259$1,085,125
30$1,920,566$673,564$109,472$1,137,529
Total$31,000,000$10,361,623$1,766,998$18,871,372

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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.