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Kansas Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2014

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The tax information provided here is based on 2025 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 $93,000,000 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, Sep 26, 2014
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$474,940$79,788$845,056
2$1,469,773$500,836$83,777$885,159
3$1,543,261$528,027$87,966$927,268
4$1,620,424$556,577$92,364$971,483
5$1,701,446$586,555$96,982$1,017,908
6$1,786,518$618,032$101,832$1,066,654
7$1,875,844$651,082$106,923$1,117,838
8$1,969,636$685,786$112,269$1,171,581
9$2,068,118$722,224$117,883$1,228,011
10$2,171,524$760,484$123,777$1,287,263
11$2,280,100$800,657$129,966$1,349,477
12$2,394,105$842,839$136,464$1,414,802
13$2,513,810$887,130$143,287$1,483,393
14$2,639,501$933,635$150,452$1,555,414
15$2,771,476$982,466$157,974$1,631,035
16$2,910,049$1,033,739$165,873$1,710,438
17$3,055,552$1,087,574$174,166$1,793,811
18$3,208,329$1,144,102$182,875$1,881,352
19$3,368,746$1,203,456$192,019$1,973,271
20$3,537,183$1,265,778$201,619$2,069,786
21$3,714,042$1,331,216$211,700$2,171,126
22$3,899,744$1,399,926$222,285$2,277,533
23$4,094,732$1,472,071$233,400$2,389,261
24$4,299,468$1,547,823$245,070$2,506,575
25$4,514,442$1,627,364$257,323$2,629,755
26$4,740,164$1,710,881$270,189$2,759,094
27$4,977,172$1,798,574$283,699$2,894,899
28$5,226,030$1,890,651$297,884$3,037,495
29$5,487,332$1,987,333$312,778$3,187,221
30$5,761,699$2,088,849$328,417$3,344,433
Total$93,000,000$33,120,607$5,301,001$54,578,392

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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.