USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Mar 2, 2001

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The tax information provided here is based on 2026 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:Fri, Mar 2, 2001
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$63,593$15,443$191,890
2$284,472$68,334$16,215$199,923
3$298,696$73,313$17,026$208,357
4$313,631$78,540$17,877$217,214
5$329,312$84,028$18,771$226,513
6$345,778$89,791$19,709$236,277
7$363,067$95,843$20,695$246,529
8$381,220$102,196$21,730$257,294
9$400,281$108,868$22,816$268,597
10$420,295$115,872$23,957$280,466
11$441,310$123,228$25,155$292,927
12$463,375$130,951$26,412$306,012
13$486,544$139,060$27,733$319,751
14$510,871$147,574$29,120$334,177
15$536,415$156,514$30,576$349,325
16$563,235$165,902$32,104$365,229
17$591,397$175,758$33,710$381,929
18$620,967$186,108$35,395$399,464
19$652,015$197,203$37,165$417,648
20$684,616$209,265$39,023$436,328
21$718,847$221,931$40,974$455,942
22$754,789$235,229$43,023$476,537
23$792,529$249,193$45,174$498,162
24$832,155$263,855$47,433$520,868
25$873,763$279,250$49,804$544,709
26$917,451$295,414$52,295$569,742
27$963,324$312,387$54,909$596,027
28$1,011,490$330,208$57,655$623,626
29$1,062,064$348,921$60,538$652,606
30$1,115,167$368,569$63,565$683,034
Total$18,000,000$5,416,898$1,026,002$11,557,103

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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.