USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Nov 14, 1997

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The tax information provided here is based on 2025 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 $11,000,000 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 money, as well as deductions claimed.

State:

Kansas

Drawing Date:Fri, Nov 14, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,566$32,583$9,437$123,546
2$173,844$34,570$9,909$129,365
3$182,536$36,656$10,405$135,476
4$191,663$38,846$10,925$141,892
5$201,246$41,462$11,471$148,313
6$211,309$44,682$12,045$154,582
7$221,874$48,063$12,647$161,164
8$232,968$51,613$13,279$168,076
9$244,616$55,340$13,943$175,333
10$256,847$59,444$14,640$182,763
11$269,689$63,938$15,372$190,378
12$283,174$68,658$16,141$198,375
13$297,332$73,614$16,948$206,771
14$312,199$78,817$17,795$215,587
15$327,809$84,280$18,685$224,843
16$344,199$90,017$19,619$234,563
17$361,409$96,041$20,600$244,768
18$379,480$102,365$21,630$255,484
19$398,454$109,006$22,712$266,736
20$418,376$115,979$23,847$278,550
21$439,295$123,301$25,040$290,955
22$461,260$130,988$26,292$303,980
23$484,323$139,060$27,606$317,656
24$508,539$147,536$28,987$332,017
25$533,966$156,435$30,436$347,095
26$560,665$165,780$31,958$362,927
27$588,698$175,591$33,556$379,551
28$618,133$185,894$35,234$397,005
29$649,039$197,165$36,995$414,879
30$681,491$209,172$38,845$433,474
Total$11,000,000$2,956,896$626,999$7,416,104

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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.