USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Oct 28, 2005

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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 $147,000,000 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, Oct 28, 2005
Jackpot:$147,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,212,561$774,605$126,116$1,311,840
2$2,323,189$815,537$132,422$1,375,230
3$2,439,348$858,516$139,043$1,441,789
4$2,561,316$903,644$145,995$1,511,677
5$2,689,382$951,028$153,295$1,585,058
6$2,823,851$1,000,782$160,959$1,662,109
7$2,965,043$1,053,023$169,007$1,743,013
8$3,113,296$1,107,877$177,458$1,827,961
9$3,268,960$1,165,473$186,331$1,917,157
10$3,432,408$1,225,948$195,647$2,010,813
11$3,604,029$1,289,448$205,430$2,109,151
12$3,784,230$1,356,122$215,701$2,212,407
13$3,973,442$1,426,131$226,486$2,320,825
14$4,172,114$1,499,639$237,810$2,434,664
15$4,380,719$1,576,823$249,701$2,554,195
16$4,599,755$1,657,867$262,186$2,679,703
17$4,829,743$1,742,962$275,295$2,811,486
18$5,071,230$1,832,312$289,060$2,949,858
19$5,324,792$1,926,130$303,513$3,095,148
20$5,591,031$2,024,639$318,689$3,247,704
21$5,870,583$2,128,073$334,623$3,407,887
22$6,164,112$2,236,679$351,354$3,576,079
23$6,472,318$2,350,715$368,922$3,752,681
24$6,795,933$2,470,453$387,368$3,938,113
25$7,135,730$2,596,177$406,737$4,132,816
26$7,492,517$2,728,188$427,073$4,337,255
27$7,867,143$2,866,800$448,427$4,551,915
28$8,260,500$3,012,342$470,848$4,777,309
29$8,673,525$3,165,161$494,391$5,013,972
30$9,107,201$3,325,622$519,110$5,262,469
Total$147,000,000$53,068,716$8,378,997$85,552,284

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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.