USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Apr 9, 2013

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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 $56,000,000 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 9, 2013
Jackpot:$56,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$842,880$267,823$48,044$527,013
2$885,024$283,416$50,446$551,162
3$929,276$299,789$52,969$576,518
4$975,739$316,981$55,617$603,141
5$1,024,526$335,032$58,398$631,096
6$1,075,753$353,986$61,318$660,449
7$1,129,540$373,887$64,384$691,269
8$1,186,017$394,784$67,603$723,631
9$1,245,318$416,725$70,983$757,610
10$1,307,584$439,763$74,532$793,288
11$1,372,963$463,954$78,259$830,751
12$1,441,611$489,353$82,172$870,086
13$1,513,692$516,023$86,280$911,388
14$1,589,377$544,027$90,594$954,756
15$1,668,845$573,430$95,124$1,000,291
16$1,752,288$604,304$99,880$1,048,104
17$1,839,902$636,721$104,874$1,098,307
18$1,931,897$670,759$110,118$1,151,020
19$2,028,492$706,499$115,624$1,206,369
20$2,129,917$744,026$121,405$1,264,485
21$2,236,413$783,430$127,476$1,325,507
22$2,348,233$824,804$133,849$1,389,580
23$2,465,645$868,246$140,542$1,456,857
24$2,588,927$913,860$147,569$1,527,498
25$2,718,373$961,755$154,947$1,601,671
26$2,854,292$1,012,045$162,695$1,679,552
27$2,997,007$1,064,850$170,829$1,761,328
28$3,146,857$1,120,294$179,371$1,847,192
29$3,304,200$1,178,511$188,339$1,937,349
30$3,469,410$1,239,639$197,756$2,032,015
Total$56,000,000$19,398,716$3,191,997$33,409,283

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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.