USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Apr 18, 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 $265,000,000 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 18, 2006
Jackpot:$265,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,988,630$1,431,750$227,352$2,329,528
2$4,188,062$1,505,540$238,720$2,443,802
3$4,397,465$1,583,019$250,655$2,563,790
4$4,617,338$1,664,372$263,188$2,689,778
5$4,848,205$1,749,793$276,348$2,822,064
6$5,090,615$1,839,485$290,165$2,960,965
7$5,345,146$1,933,661$304,673$3,106,812
8$5,612,403$2,032,547$319,907$3,259,950
9$5,893,024$2,136,376$335,902$3,420,745
10$6,187,675$2,245,397$352,697$3,589,580
11$6,497,059$2,359,869$370,332$3,766,857
12$6,821,911$2,480,064$388,849$3,952,998
13$7,163,007$2,606,270$408,291$4,148,446
14$7,521,157$2,738,785$428,706$4,353,666
15$7,897,215$2,877,927$450,141$4,569,147
16$8,292,076$3,024,025$472,648$4,795,402
17$8,706,680$3,177,429$496,281$5,032,970
18$9,142,014$3,338,502$521,095$5,282,417
19$9,599,114$3,507,630$547,150$5,544,335
20$10,079,070$3,685,213$574,507$5,819,350
21$10,583,024$3,871,676$603,232$6,108,115
22$11,112,175$4,067,462$633,394$6,411,319
23$11,667,784$4,273,037$665,064$6,729,683
24$12,251,173$4,488,891$698,317$7,063,965
25$12,863,731$4,715,538$733,233$7,414,961
26$13,506,918$4,953,517$769,894$7,783,507
27$14,182,264$5,203,395$808,389$8,170,480
28$14,891,377$5,465,767$848,808$8,576,802
29$15,635,946$5,741,257$891,249$9,003,440
30$16,417,743$6,030,522$935,811$9,451,410
Total$265,000,001$96,728,716$15,104,998$153,166,284

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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.