USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Apr 12, 2002

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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 $220,000,000 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, Apr 12, 2002
Jackpot:$220,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,311,316$1,183,375$188,745$1,939,196
2$3,476,882$1,244,634$198,182$2,034,065
3$3,650,726$1,308,956$208,091$2,133,678
4$3,833,262$1,376,495$218,496$2,238,271
5$4,024,925$1,447,410$229,421$2,348,094
6$4,226,171$1,521,871$240,892$2,463,408
7$4,437,480$1,600,055$252,936$2,584,488
8$4,659,354$1,682,149$265,583$2,711,622
9$4,892,322$1,768,347$278,862$2,845,112
10$5,136,938$1,858,855$292,805$2,985,277
11$5,393,784$1,953,888$307,446$3,132,451
12$5,663,474$2,053,673$322,818$3,286,983
13$5,946,647$2,158,447$338,959$3,449,241
14$6,243,980$2,268,460$355,907$3,619,613
15$6,556,179$2,383,974$373,702$3,798,503
16$6,883,988$2,505,263$392,387$3,986,337
17$7,228,187$2,632,617$412,007$4,183,563
18$7,589,596$2,766,338$432,607$4,390,651
19$7,969,076$2,906,746$454,237$4,608,093
20$8,367,530$3,054,174$476,949$4,836,407
21$8,785,906$3,208,973$500,797$5,076,137
22$9,225,202$3,371,512$525,836$5,327,853
23$9,686,462$3,542,179$552,128$5,592,155
24$10,170,785$3,721,378$579,735$5,869,672
25$10,679,324$3,909,538$608,721$6,161,065
26$11,213,290$4,107,105$639,158$6,467,028
27$11,773,955$4,314,551$671,115$6,788,288
28$12,362,653$4,532,369$704,671$7,125,612
29$12,980,785$4,761,078$739,905$7,479,802
30$13,629,825$5,001,223$776,900$7,851,702
Total$220,000,000$80,145,633$12,539,998$127,314,367

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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.