USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2014

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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 $120,000,000 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:Fri, Oct 3, 2014
Jackpot:$120,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,806,172$631,239$102,952$1,071,982
2$1,896,481$664,653$108,099$1,123,729
3$1,991,305$699,738$113,504$1,178,063
4$2,090,870$736,577$119,180$1,235,114
5$2,195,414$775,258$125,139$1,295,017
6$2,305,184$815,873$131,396$1,357,916
7$2,420,444$858,519$137,965$1,423,959
8$2,541,466$903,297$144,864$1,493,305
9$2,668,539$950,314$152,107$1,566,118
10$2,801,966$999,682$159,712$1,642,571
11$2,942,064$1,051,519$167,698$1,722,848
12$3,089,167$1,105,947$176,083$1,807,138
13$3,243,626$1,163,097$184,887$1,895,643
14$3,405,807$1,223,104$194,131$1,988,572
15$3,576,097$1,286,111$203,838$2,086,149
16$3,754,902$1,352,269$214,029$2,188,604
17$3,942,647$1,421,735$224,731$2,296,182
18$4,139,780$1,494,674$235,967$2,409,139
19$4,346,769$1,571,259$247,766$2,527,743
20$4,564,107$1,651,675$260,154$2,652,278
21$4,792,313$1,736,111$273,162$2,783,040
22$5,031,928$1,824,768$286,820$2,920,340
23$5,283,525$1,917,859$301,161$3,064,505
24$5,547,701$2,015,604$316,219$3,215,878
25$5,825,086$2,118,237$332,030$3,374,819
26$6,116,340$2,226,001$348,631$3,541,708
27$6,422,157$2,339,153$366,063$3,716,941
28$6,743,265$2,457,963$384,366$3,900,936
29$7,080,428$2,582,713$403,584$4,094,130
30$7,434,450$2,713,701$423,764$4,296,985
Total$120,000,000$43,288,650$6,840,002$69,871,352

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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.