USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 2006

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $163,000,000 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, Sep 15, 2006
Jackpot:$163,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,453,384$863,709$139,843$1,449,832
2$2,576,053$909,097$146,835$1,520,121
3$2,704,856$956,754$154,177$1,593,925
4$2,840,099$1,006,794$161,886$1,671,419
5$2,982,103$1,059,336$169,980$1,752,788
6$3,131,209$1,114,504$178,479$1,838,225
7$3,287,769$1,172,432$187,403$1,927,934
8$3,452,158$1,233,256$196,773$2,022,129
9$3,624,765$1,297,120$206,612$2,121,033
10$3,806,004$1,364,179$216,942$2,224,883
11$3,996,304$1,434,590$227,789$2,333,925
12$4,196,119$1,508,521$239,179$2,448,419
13$4,405,925$1,586,150$251,138$2,568,638
14$4,626,221$1,667,659$263,695$2,694,868
15$4,857,532$1,753,244$276,879$2,827,409
16$5,100,409$1,843,109$290,723$2,966,577
17$5,355,429$1,937,466$305,259$3,112,704
18$5,623,201$2,036,542$320,522$3,266,137
19$5,904,361$2,140,571$336,549$3,427,242
20$6,199,579$2,249,801$353,376$3,596,402
21$6,509,558$2,364,494$371,045$3,774,019
22$6,835,036$2,484,920$389,597$3,960,518
23$7,176,788$2,611,369$409,077$4,156,342
24$7,535,627$2,744,139$429,531$4,361,957
25$7,912,408$2,883,548$451,007$4,577,853
26$8,308,029$3,029,928$473,558$4,804,543
27$8,723,430$3,183,626$497,236$5,042,568
28$9,159,602$3,345,010$522,097$5,292,494
29$9,617,582$3,514,462$548,202$5,554,917
30$10,098,461$3,692,388$575,612$5,830,461
Total$163,000,000$58,988,718$9,291,001$94,720,282

◄ Back to Jackpot Analysis

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.