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Kansas Mega Millions Jackpot Annuity Payout Schedule for Oct 22, 2010

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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 $101,000,000 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 22, 2010
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$518,429$86,651$915,114
2$1,596,205$546,553$90,984$958,668
3$1,676,015$576,083$95,533$1,004,399
4$1,759,816$607,089$100,309$1,052,417
5$1,847,806$639,646$105,325$1,102,836
6$1,940,197$673,830$110,591$1,155,775
7$2,037,207$709,724$116,121$1,211,362
8$2,139,067$747,412$121,927$1,269,728
9$2,246,020$786,985$128,023$1,331,012
10$2,358,321$828,536$134,424$1,395,361
11$2,476,237$872,165$141,146$1,462,927
12$2,600,049$917,975$148,203$1,533,871
13$2,730,052$966,076$155,613$1,608,362
14$2,866,554$1,016,582$163,394$1,686,578
15$3,009,882$1,069,614$171,563$1,768,705
16$3,160,376$1,125,296$180,141$1,854,938
17$3,318,395$1,183,763$189,149$1,945,483
18$3,484,315$1,245,154$198,606$2,040,555
19$3,658,530$1,309,613$208,536$2,140,381
20$3,841,457$1,377,296$218,963$2,245,198
21$4,033,530$1,448,363$229,911$2,355,255
22$4,235,206$1,522,984$241,407$2,470,816
23$4,446,967$1,601,335$253,477$2,592,155
24$4,669,315$1,683,604$266,151$2,719,560
25$4,902,781$1,769,986$279,458$2,853,336
26$5,147,920$1,860,688$293,431$2,993,801
27$5,405,316$1,955,924$308,103$3,141,289
28$5,675,581$2,055,922$323,508$3,296,151
29$5,959,360$2,160,921$339,684$3,458,756
30$6,257,329$2,271,169$356,668$3,629,492
Total$101,000,000$36,048,717$5,757,000$59,194,281

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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.