USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 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 $18,000,000 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 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$15,443$190,284
2$284,472$69,940$16,215$198,317
3$298,696$74,918$17,026$206,752
4$313,631$80,145$17,877$215,608
5$329,312$85,634$18,771$224,907
6$345,778$91,397$19,709$234,671
7$363,067$97,448$20,695$244,924
8$381,220$103,802$21,730$255,689
9$400,281$110,473$22,816$266,992
10$420,295$117,478$23,957$278,860
11$441,310$124,833$25,155$291,322
12$463,375$132,556$26,412$304,407
13$486,544$140,665$27,733$318,146
14$510,871$149,180$29,120$332,572
15$536,415$158,120$30,576$347,719
16$563,235$167,507$32,104$363,624
17$591,397$177,364$33,710$380,324
18$620,967$187,946$35,395$397,626
19$652,015$199,433$37,165$415,417
20$684,616$211,496$39,023$434,097
21$718,847$224,161$40,974$453,712
22$754,789$237,460$43,023$474,306
23$792,529$251,423$45,174$495,931
24$832,155$266,085$47,433$518,637
25$873,763$281,480$49,804$542,478
26$917,451$297,645$52,295$567,512
27$963,324$314,617$54,909$593,797
28$1,011,490$332,439$57,655$621,396
29$1,062,064$351,152$60,538$650,375
30$1,115,167$370,800$63,565$680,803
Total$18,000,000$5,472,796$1,026,002$11,501,205

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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.