USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Dec 4, 1998

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The tax information provided here is based on 2024 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 $9,000,000 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, Dec 4, 1998
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,554$7,721$102,188
2$142,236$27,179$8,107$106,949
3$149,348$28,886$8,513$111,949
4$156,815$30,678$8,938$117,199
5$164,656$32,560$9,385$122,711
6$172,889$34,536$9,855$128,498
7$181,533$36,610$10,347$134,575
8$190,610$38,789$10,865$140,956
9$200,140$41,731$11,408$147,001
10$210,147$44,934$11,978$153,235
11$220,655$48,296$12,577$159,781
12$231,688$51,827$13,206$166,655
13$243,272$55,534$13,867$173,872
14$255,436$59,777$14,560$181,099
15$268,207$64,247$15,288$188,672
16$281,618$68,941$16,052$196,625
17$295,699$73,869$16,855$204,974
18$310,483$79,044$17,698$213,742
19$326,008$84,477$18,582$222,948
20$342,308$90,183$19,512$232,614
21$359,423$96,173$20,487$242,763
22$377,395$102,463$21,511$253,420
23$396,264$109,067$22,587$264,610
24$416,078$116,002$23,716$276,359
25$436,881$123,283$24,902$288,696
26$458,726$130,929$26,147$301,649
27$481,662$138,956$27,455$315,251
28$505,745$147,385$28,827$329,532
29$531,032$156,236$30,269$344,527
30$557,584$165,529$31,782$360,272
Total$9,000,000$2,303,675$512,997$6,183,322

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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.