USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 1998

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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 $15,000,000 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, Feb 13, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,310$12,869$163,593
2$237,060$52,922$13,512$170,625
3$248,913$56,715$14,188$178,010
4$261,359$61,023$14,897$185,439
5$274,427$65,597$15,642$193,188
6$288,148$70,399$16,424$201,325
7$302,555$75,442$17,246$209,868
8$317,683$80,736$18,108$218,839
9$333,567$86,296$19,013$228,258
10$350,246$92,133$19,964$238,148
11$367,758$98,263$20,962$248,533
12$386,146$104,698$22,010$259,437
13$405,453$111,456$23,111$270,887
14$425,726$118,551$24,266$282,908
15$447,012$126,002$25,480$295,531
16$469,363$133,824$26,754$308,785
17$492,831$142,038$28,091$322,701
18$517,472$150,663$29,496$337,314
19$543,346$159,718$30,971$352,657
20$570,513$169,227$32,519$368,767
21$599,039$179,211$34,145$385,683
22$628,991$189,747$35,852$403,392
23$660,441$201,383$37,645$421,412
24$693,463$213,601$39,527$440,334
25$728,136$226,430$41,504$460,202
26$764,543$239,901$43,579$481,063
27$802,770$254,045$45,758$502,967
28$842,908$268,896$48,046$525,966
29$885,054$284,490$50,448$550,115
30$929,306$300,864$52,970$575,472
Total$15,000,000$4,363,581$854,997$9,781,419

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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.