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Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 15, 2021

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The tax information provided here is based on 2024 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 $750,000,000 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, Jan 15, 2021
Jackpot:$750,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,288,576$4,134,961$643,449$6,510,166
2$11,853,005$4,343,800$675,621$6,833,584
3$12,445,655$4,563,080$709,402$7,173,173
4$13,067,939$4,793,325$744,872$7,529,741
5$13,721,335$5,035,082$782,116$7,904,137
6$14,407,402$5,288,926$821,222$8,297,253
7$15,127,772$5,555,463$862,283$8,710,026
8$15,884,161$5,835,327$905,397$9,143,436
9$16,678,369$6,129,184$950,667$9,598,518
10$17,512,287$6,437,734$998,200$10,076,353
11$18,387,902$6,761,711$1,048,110$10,578,080
12$19,307,297$7,101,887$1,100,516$11,104,893
13$20,272,661$7,459,072$1,155,542$11,658,047
14$21,286,295$7,834,117$1,213,319$12,238,859
15$22,350,609$8,227,913$1,273,985$12,848,711
16$23,468,140$8,641,399$1,337,684$13,489,056
17$24,641,546$9,075,560$1,404,568$14,161,418
18$25,873,624$9,531,429$1,474,797$14,867,399
19$27,167,305$10,010,091$1,548,536$15,608,678
20$28,525,670$10,512,686$1,625,963$16,387,021
21$29,951,954$11,040,411$1,707,261$17,204,282
22$31,449,551$11,594,522$1,792,624$18,062,405
23$33,022,029$12,176,338$1,882,256$18,963,435
24$34,673,130$12,787,246$1,976,368$19,909,516
25$36,406,787$13,428,699$2,075,187$20,902,901
26$38,227,127$14,102,225$2,178,946$21,945,956
27$40,138,483$14,809,426$2,287,894$23,041,163
28$42,145,406$15,551,988$2,402,288$24,191,130
29$44,252,677$16,331,678$2,522,403$25,398,596
30$46,465,311$17,150,353$2,648,523$26,666,435
Total$750,000,002$276,245,633$42,749,999$431,004,368

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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.