USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Mar 25, 2014

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The tax information provided here is based on 2021 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 $20,000,000 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, Mar 25, 2014
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$17,159$203,966
2$316,080$85,172$18,017$212,891
3$331,884$90,704$18,917$222,263
4$348,478$96,512$19,863$232,103
5$365,902$102,610$20,856$242,436
6$384,197$109,013$21,899$253,285
7$403,407$115,737$22,994$264,676
8$423,578$122,796$24,144$276,637
9$444,757$130,209$25,351$289,196
10$466,994$137,992$26,619$302,383
11$490,344$146,165$27,950$316,230
12$514,861$154,746$29,347$330,768
13$540,604$164,096$30,814$345,694
14$567,635$174,097$32,355$361,182
15$596,016$184,598$33,973$377,445
16$625,817$195,625$35,672$394,521
17$657,108$207,202$37,455$412,451
18$689,963$219,359$39,328$431,277
19$724,461$232,123$41,294$451,044
20$760,685$245,526$43,359$471,800
21$798,719$259,598$45,527$493,594
22$838,655$274,374$47,803$516,477
23$880,587$289,890$50,193$540,504
24$924,617$306,180$52,703$565,733
25$970,848$323,286$55,338$592,223
26$1,019,390$341,247$58,105$620,038
27$1,070,360$360,105$61,010$649,244
28$1,123,878$379,907$64,061$679,910
29$1,180,071$400,699$67,264$712,109
30$1,239,075$422,530$70,627$745,918
Total$20,000,000$6,352,002$1,139,997$12,507,998

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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.