USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Apr 14, 2006

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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 $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 14, 2006
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$1,181,144$188,745$1,941,427
2$3,476,882$1,242,403$198,182$2,036,296
3$3,650,726$1,306,726$208,091$2,135,908
4$3,833,262$1,374,264$218,496$2,240,502
5$4,024,925$1,445,179$229,421$2,350,325
6$4,226,171$1,519,641$240,892$2,465,639
7$4,437,480$1,597,825$252,936$2,586,719
8$4,659,354$1,679,918$265,583$2,713,852
9$4,892,322$1,766,116$278,862$2,847,343
10$5,136,938$1,856,624$292,805$2,987,508
11$5,393,784$1,951,657$307,446$3,134,681
12$5,663,474$2,051,442$322,818$3,289,213
13$5,946,647$2,156,217$338,959$3,451,472
14$6,243,980$2,266,230$355,907$3,621,843
15$6,556,179$2,381,743$373,702$3,800,733
16$6,883,988$2,503,033$392,387$3,988,568
17$7,228,187$2,630,386$412,007$4,185,794
18$7,589,596$2,764,108$432,607$4,392,881
19$7,969,076$2,904,515$454,237$4,610,323
20$8,367,530$3,051,943$476,949$4,838,637
21$8,785,906$3,206,743$500,797$5,078,367
22$9,225,202$3,369,282$525,836$5,330,083
23$9,686,462$3,539,948$552,128$5,594,385
24$10,170,785$3,719,148$579,735$5,871,902
25$10,679,324$3,907,307$608,721$6,163,295
26$11,213,290$4,104,875$639,158$6,469,258
27$11,773,955$4,312,321$671,115$6,790,519
28$12,362,653$4,530,139$704,671$7,127,843
29$12,980,785$4,758,848$739,905$7,482,033
30$13,629,825$4,998,992$776,900$7,853,932
Total$220,000,000$80,078,717$12,539,998$127,381,281

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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.