USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $105,000,000 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:Tue, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$541,768$90,083$948,549
2$1,659,421$571,006$94,587$993,828
3$1,742,392$601,705$99,316$1,041,370
4$1,829,511$633,939$104,282$1,091,290
5$1,920,987$667,785$109,496$1,143,705
6$2,017,036$703,324$114,971$1,198,742
7$2,117,888$740,639$120,720$1,256,530
8$2,223,783$779,820$126,756$1,317,207
9$2,334,972$820,960$133,093$1,380,918
10$2,451,720$864,157$139,748$1,447,815
11$2,574,306$909,514$146,735$1,518,057
12$2,703,022$957,138$154,072$1,591,811
13$2,838,173$1,007,144$161,776$1,669,253
14$2,980,081$1,059,650$169,865$1,750,566
15$3,129,085$1,114,782$178,358$1,835,946
16$3,285,540$1,172,670$187,276$1,925,594
17$3,449,816$1,233,452$196,640$2,019,725
18$3,622,307$1,297,274$206,472$2,118,562
19$3,803,423$1,364,287$216,795$2,222,341
20$3,993,594$1,434,650$227,635$2,331,309
21$4,193,273$1,508,531$239,017$2,445,725
22$4,402,937$1,586,107$250,967$2,565,863
23$4,623,084$1,667,561$263,516$2,692,007
24$4,854,238$1,753,088$276,692$2,824,458
25$5,096,950$1,842,892$290,526$2,963,532
26$5,351,798$1,937,185$305,052$3,109,560
27$5,619,388$2,036,194$320,305$3,262,889
28$5,900,357$2,140,152$336,320$3,423,884
29$6,195,375$2,249,309$353,136$3,592,929
30$6,505,144$2,363,923$370,793$3,770,427
Total$105,000,000$37,560,606$5,985,000$61,454,392

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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.