USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jun 14, 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 $29,000,000 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, Jun 14, 2013
Jackpot:$29,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$436,492$121,541$24,880$290,070
2$458,316$129,180$26,124$303,012
3$481,232$137,200$27,430$316,601
4$505,294$145,622$28,802$330,870
5$530,558$154,465$30,242$345,852
6$557,086$163,749$31,754$361,583
7$584,941$173,498$33,342$378,100
8$614,188$183,735$35,009$395,444
9$644,897$194,569$36,759$413,569
10$677,142$206,500$38,597$432,045
11$710,999$219,027$40,527$451,445
12$746,549$232,180$42,553$471,815
13$783,876$245,991$44,681$493,204
14$823,070$260,493$46,915$515,662
15$864,224$275,720$49,261$539,243
16$907,435$291,708$51,724$564,003
17$952,806$308,496$54,310$590,001
18$1,000,447$326,123$57,025$617,299
19$1,050,469$344,631$59,877$645,962
20$1,102,993$364,065$62,871$676,058
21$1,158,142$384,470$66,014$707,658
22$1,216,049$405,895$69,315$740,839
23$1,276,852$428,392$72,781$775,679
24$1,340,694$452,014$76,420$812,261
25$1,407,729$476,817$80,241$850,672
26$1,478,116$502,860$84,253$891,003
27$1,552,021$530,205$88,465$933,351
28$1,629,622$558,918$92,888$977,816
29$1,711,104$589,066$97,533$1,024,505
30$1,796,659$620,721$102,410$1,073,528
Total$29,000,000$9,427,851$1,653,003$17,919,150

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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.