USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 1999

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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 $30,000,000 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, Jan 19, 1999
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$451,543$128,415$25,738$297,390
2$474,120$136,317$27,025$310,779
3$497,826$144,614$28,376$324,836
4$522,718$153,326$29,795$339,597
5$548,853$162,473$31,285$355,095
6$576,296$172,078$32,849$371,369
7$605,111$182,164$34,491$388,456
8$635,366$193,273$36,216$405,877
9$667,135$205,028$38,027$424,080
10$700,491$217,370$39,928$443,194
11$735,516$230,329$41,924$463,263
12$772,292$243,936$44,021$484,335
13$810,906$258,223$46,222$506,462
14$851,452$273,225$48,533$529,694
15$894,024$288,977$50,959$554,088
16$938,726$305,516$53,507$579,702
17$985,662$322,883$56,183$606,596
18$1,034,945$341,117$58,992$634,836
19$1,086,692$360,264$61,941$664,487
20$1,141,027$380,368$65,039$695,621
21$1,198,078$401,477$68,290$728,311
22$1,257,982$423,641$71,705$762,636
23$1,320,881$446,914$75,290$798,677
24$1,386,925$471,350$79,055$836,520
25$1,456,271$497,008$83,007$876,256
26$1,529,085$523,949$87,158$917,978
27$1,605,539$552,237$91,516$961,786
28$1,685,816$581,940$96,092$1,007,785
29$1,770,107$613,127$100,896$1,056,084
30$1,858,612$645,874$105,941$1,106,797
Total$30,000,000$9,857,413$1,710,001$18,432,587

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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.