USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jun 26, 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 $13,000,000 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, Jun 26, 1998
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$40,300$11,153$144,215
2$205,452$43,431$11,711$150,310
3$215,725$46,718$12,296$156,710
4$226,511$50,170$12,911$163,430
5$237,836$53,794$13,557$170,486
6$249,728$57,780$14,235$177,714
7$262,215$62,150$14,946$185,119
8$275,325$66,739$15,694$192,893
9$289,092$71,557$16,478$201,057
10$303,546$76,616$17,302$209,628
11$318,724$81,928$18,167$218,628
12$334,660$87,506$19,076$228,079
13$351,393$93,362$20,029$238,001
14$368,962$99,512$21,031$248,420
15$387,411$105,968$22,082$259,360
16$406,781$112,748$23,187$270,846
17$427,120$119,867$24,346$282,907
18$448,476$127,341$25,563$295,572
19$470,900$135,190$26,841$308,869
20$494,445$143,430$28,183$322,831
21$519,167$152,083$29,593$337,491
22$545,126$161,169$31,072$352,885
23$572,382$170,708$32,626$369,048
24$601,001$180,725$34,257$386,019
25$631,051$191,677$35,970$403,404
26$662,604$203,351$37,768$421,484
27$695,734$215,609$39,657$440,468
28$730,520$228,480$41,640$460,400
29$767,046$241,995$43,722$481,330
30$805,399$256,185$45,908$503,306
Total$13,000,000$3,678,089$741,001$8,580,910

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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.