USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Aug 18, 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 $19,000,000 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:Tue, Aug 18, 1998
Jackpot:$19,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,977$69,639$16,301$200,037
2$300,276$74,644$17,116$208,516
3$315,290$79,899$17,972$217,420
4$331,054$85,416$18,870$226,768
5$347,607$91,210$19,814$236,584
6$364,988$97,293$20,804$246,890
7$383,237$103,680$21,845$257,712
8$402,399$110,387$22,937$269,075
9$422,519$117,429$24,084$281,006
10$443,645$124,823$25,288$293,534
11$465,827$132,587$26,552$306,688
12$489,118$140,739$27,880$320,500
13$513,574$149,298$29,274$335,002
14$539,253$158,286$30,737$350,230
15$566,215$167,723$32,274$366,218
16$594,526$177,631$33,888$383,007
17$624,253$188,036$35,582$400,634
18$655,465$199,542$37,362$418,561
19$688,238$211,668$39,230$437,340
20$722,650$224,401$41,191$457,058
21$758,783$237,770$43,251$477,762
22$796,722$251,807$45,413$499,501
23$836,558$266,547$47,684$522,328
24$878,386$282,023$50,068$546,295
25$922,305$298,273$52,571$571,461
26$968,421$315,336$55,200$597,885
27$1,016,842$333,252$57,960$625,630
28$1,067,684$352,063$60,858$654,762
29$1,121,068$371,815$63,901$685,352
30$1,177,121$392,555$67,096$717,470
Total$19,000,000$5,805,772$1,083,003$12,111,226

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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.