USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 2013

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The tax information provided here is based on 2022 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 $47,000,000 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 prize money, as well as deductions claimed.

State:

Kansas

Drawing Date:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$40,323$442,395
2$742,788$237,787$42,339$462,663
3$779,928$251,528$44,456$483,944
4$818,924$265,957$46,679$506,289
5$859,870$281,107$49,013$529,751
6$902,864$297,015$51,463$554,386
7$948,007$313,718$54,036$580,253
8$995,407$331,256$56,738$607,413
9$1,045,178$349,671$59,575$635,932
10$1,097,437$369,007$62,554$665,876
11$1,152,308$389,309$65,682$697,318
12$1,209,924$410,627$68,966$730,331
13$1,270,420$433,010$72,414$764,996
14$1,333,941$456,513$76,035$801,393
15$1,400,638$481,191$79,836$839,611
16$1,470,670$507,103$83,828$879,739
17$1,544,204$534,310$88,020$921,874
18$1,621,414$562,878$92,421$966,115
19$1,702,484$592,874$97,042$1,012,569
20$1,787,609$624,370$101,894$1,061,345
21$1,876,989$657,441$106,988$1,112,560
22$1,970,839$692,165$112,338$1,166,335
23$2,069,380$728,626$117,955$1,222,800
24$2,172,849$766,909$123,852$1,282,088
25$2,281,492$807,107$130,045$1,344,340
26$2,395,567$849,315$136,547$1,409,705
27$2,515,345$893,633$143,375$1,478,338
28$2,641,112$940,166$150,543$1,550,402
29$2,773,168$989,027$158,071$1,626,070
30$2,911,826$1,040,331$165,974$1,705,521
Total$47,000,000$16,278,650$2,679,002$28,042,352

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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.