USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2021

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The tax information provided here is based on 2026 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 $447,000,000 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, Jan 5, 2021
Jackpot:$447,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,727,991$2,445,314$383,496$3,899,182
2$7,064,391$2,569,782$402,670$4,091,939
3$7,417,611$2,700,473$422,804$4,294,334
4$7,788,491$2,837,699$443,944$4,506,848
5$8,177,916$2,981,786$466,141$4,729,988
6$8,586,811$3,133,077$489,448$4,964,286
7$9,016,152$3,291,934$513,921$5,210,298
8$9,466,960$3,458,732$539,617$5,468,611
9$9,940,308$3,633,871$566,598$5,739,839
10$10,437,323$3,817,767$594,927$6,024,629
11$10,959,189$4,010,857$624,674$6,323,658
12$11,507,149$4,213,602$655,907$6,637,639
13$12,082,506$4,426,485$688,703$6,967,319
14$12,686,632$4,650,011$723,138$7,313,483
15$13,320,963$4,884,714$759,295$7,676,955
16$13,987,011$5,131,151$797,260$8,058,600
17$14,686,362$5,389,911$837,123$8,459,328
18$15,420,680$5,661,609$878,979$8,880,092
19$16,191,714$5,946,891$922,928$9,321,895
20$17,001,299$6,246,438$969,074$9,785,787
21$17,851,364$6,560,962$1,017,528$10,272,874
22$18,743,933$6,891,212$1,068,404$10,784,316
23$19,681,129$7,237,975$1,121,824$11,321,330
24$20,665,185$7,602,076$1,177,916$11,885,194
25$21,698,445$7,984,382$1,236,811$12,477,252
26$22,783,367$8,385,803$1,298,652$13,098,912
27$23,922,536$8,807,295$1,363,585$13,751,656
28$25,118,662$9,249,862$1,431,764$14,437,036
29$26,374,595$9,714,558$1,503,352$15,156,686
30$27,693,325$10,202,488$1,578,520$15,912,318
Total$447,000,001$164,068,717$25,479,003$257,452,284

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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.