USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Apr 17, 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 $43,000,000 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, Apr 17, 2001
Jackpot:$43,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$647,212$195,426$36,891$414,895
2$679,572$207,399$38,736$433,438
3$713,551$219,971$40,672$452,907
4$749,228$233,172$42,706$473,351
5$786,690$247,032$44,841$494,816
6$826,024$261,586$47,083$517,355
7$867,326$276,868$49,438$541,020
8$910,692$292,913$51,909$565,869
9$956,226$309,761$54,505$591,961
10$1,004,038$327,451$57,230$619,356
11$1,054,240$346,026$60,092$648,122
12$1,106,952$365,529$63,096$678,326
13$1,162,299$386,008$66,251$710,040
14$1,220,414$407,511$69,564$743,340
15$1,281,435$430,088$73,042$778,305
16$1,345,507$453,795$76,694$815,018
17$1,412,782$478,687$80,529$853,567
18$1,483,421$504,823$84,555$894,043
19$1,557,592$532,266$88,783$936,543
20$1,635,472$561,082$93,222$981,168
21$1,717,245$591,338$97,883$1,028,024
22$1,803,108$623,107$102,777$1,077,223
23$1,893,263$656,465$107,916$1,128,882
24$1,987,926$691,490$113,312$1,183,124
25$2,087,322$728,267$118,977$1,240,079
26$2,191,689$766,882$124,926$1,299,880
27$2,301,273$807,428$131,173$1,362,672
28$2,416,337$850,002$137,731$1,428,604
29$2,537,153$894,704$144,618$1,497,832
30$2,664,011$941,641$151,849$1,570,521
Total$43,000,000$14,588,718$2,451,001$25,960,281

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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.