USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Mar 8, 2002

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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 $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:Fri, Mar 8, 2002
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$127,587$25,738$298,218
2$474,120$135,489$27,025$311,606
3$497,826$143,786$28,376$325,664
4$522,718$152,498$29,795$340,424
5$548,853$161,646$31,285$355,923
6$576,296$171,251$32,849$372,196
7$605,111$181,336$34,491$389,284
8$635,366$192,106$36,216$407,045
9$667,135$203,860$38,027$425,248
10$700,491$216,202$39,928$444,361
11$735,516$229,161$41,924$464,430
12$772,292$242,768$44,021$485,503
13$810,906$257,056$46,222$507,629
14$851,452$272,057$48,533$530,862
15$894,024$287,809$50,959$555,256
16$938,726$304,349$53,507$580,870
17$985,662$321,715$56,183$607,764
18$1,034,945$339,950$58,992$636,003
19$1,086,692$359,096$61,941$665,654
20$1,141,027$379,200$65,039$696,788
21$1,198,078$400,309$68,290$729,479
22$1,257,982$422,474$71,705$763,803
23$1,320,881$445,746$75,290$799,845
24$1,386,925$470,183$79,055$837,688
25$1,456,271$495,841$83,007$877,423
26$1,529,085$522,782$87,158$919,145
27$1,605,539$551,070$91,516$962,954
28$1,685,816$580,772$96,092$1,008,952
29$1,770,107$611,960$100,896$1,057,251
30$1,858,612$644,707$105,941$1,107,965
Total$30,000,000$9,824,766$1,710,001$18,465,233

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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.