USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jun 7, 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 $14,000,000 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 7, 2013
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$210,720$43,886$12,011$154,823
2$221,256$47,258$12,612$161,387
3$232,319$50,798$13,242$168,279
4$243,935$54,515$13,904$175,515
5$256,132$58,418$14,600$183,114
6$268,938$62,898$15,329$190,711
7$282,385$67,604$16,096$198,685
8$296,504$72,546$16,901$207,058
9$311,330$77,735$17,746$215,849
10$326,896$83,183$18,633$225,080
11$343,241$88,904$19,565$234,773
12$360,403$94,910$20,543$244,950
13$378,423$101,217$21,570$255,636
14$397,344$107,840$22,649$266,856
15$417,211$114,793$23,781$278,637
16$438,072$122,094$24,970$291,007
17$459,976$129,761$26,219$303,996
18$482,974$137,810$27,530$317,635
19$507,123$146,262$28,906$331,955
20$532,479$155,137$30,351$346,991
21$559,103$164,455$31,869$362,779
22$587,058$174,240$33,462$379,356
23$616,411$184,513$35,135$396,763
24$647,232$195,433$36,892$414,907
25$679,593$207,407$38,737$433,450
26$713,573$219,979$40,674$452,920
27$749,252$233,180$42,707$473,364
28$786,714$247,042$44,843$494,830
29$826,050$261,596$47,085$517,369
30$867,352$276,878$49,439$541,036
Total$14,000,000$3,982,292$798,001$9,219,711

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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.