USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Apr 6, 2007

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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 $105,000,000 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 6, 2007
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$540,705$90,083$949,612
2$1,659,421$569,943$94,587$994,891
3$1,742,392$600,642$99,316$1,042,433
4$1,829,511$632,876$104,282$1,092,353
5$1,920,987$666,722$109,496$1,144,768
6$2,017,036$702,261$114,971$1,199,805
7$2,117,888$739,576$120,720$1,257,593
8$2,223,783$778,757$126,756$1,318,270
9$2,334,972$819,897$133,093$1,381,981
10$2,451,720$863,094$139,748$1,448,878
11$2,574,306$908,451$146,735$1,519,120
12$2,703,022$956,075$154,072$1,592,874
13$2,838,173$1,006,081$161,776$1,670,316
14$2,980,081$1,058,587$169,865$1,751,629
15$3,129,085$1,113,719$178,358$1,837,009
16$3,285,540$1,171,607$187,276$1,926,657
17$3,449,816$1,232,389$196,640$2,020,788
18$3,622,307$1,296,211$206,472$2,119,625
19$3,803,423$1,363,224$216,795$2,223,404
20$3,993,594$1,433,587$227,635$2,332,372
21$4,193,273$1,507,468$239,017$2,446,788
22$4,402,937$1,585,044$250,967$2,566,926
23$4,623,084$1,666,498$263,516$2,693,070
24$4,854,238$1,752,025$276,692$2,825,521
25$5,096,950$1,841,829$290,526$2,964,595
26$5,351,798$1,936,122$305,052$3,110,623
27$5,619,388$2,035,131$320,305$3,263,952
28$5,900,357$2,139,089$336,320$3,424,947
29$6,195,375$2,248,246$353,136$3,593,992
30$6,505,144$2,362,860$370,793$3,771,490
Total$105,000,000$37,528,716$5,985,000$61,486,282

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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.