USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Aug 25, 2020

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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 $57,000,000 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, Aug 25, 2020
Jackpot:$57,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$857,932$281,507$48,902$527,523
2$900,828$297,379$51,347$552,102
3$945,870$314,044$53,915$577,911
4$993,163$331,543$56,610$605,010
5$1,042,821$349,916$59,441$633,464
6$1,094,963$369,208$62,413$663,341
7$1,149,711$389,465$65,534$694,712
8$1,207,196$410,735$68,810$727,651
9$1,267,556$433,068$72,251$762,237
10$1,330,934$456,518$75,863$798,553
11$1,397,481$481,140$79,656$836,684
12$1,467,355$506,993$83,639$876,722
13$1,540,722$534,139$87,821$918,762
14$1,617,758$562,643$92,212$962,903
15$1,698,646$592,571$96,823$1,009,252
16$1,783,579$623,996$101,664$1,057,918
17$1,872,758$656,993$106,747$1,109,018
18$1,966,395$691,639$112,085$1,162,672
19$2,064,715$728,017$117,689$1,219,010
20$2,167,951$766,214$123,573$1,278,164
21$2,276,348$806,321$129,752$1,340,275
22$2,390,166$848,434$136,239$1,405,493
23$2,509,674$892,652$143,051$1,473,971
24$2,635,158$939,081$150,204$1,545,873
25$2,766,916$987,831$157,714$1,621,370
26$2,905,262$1,039,019$165,600$1,700,643
27$3,050,525$1,092,766$173,880$1,783,878
28$3,203,051$1,149,201$182,574$1,871,276
29$3,363,203$1,208,458$191,703$1,963,043
30$3,531,364$1,270,677$201,288$2,059,399
Total$57,000,000$20,012,168$3,249,000$33,738,830

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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.