USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jul 23, 2021

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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 $140,000,000 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:Fri, Jul 23, 2021
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$743,737$120,110$1,243,354
2$2,212,561$782,720$126,116$1,303,725
3$2,323,189$823,652$132,422$1,367,115
4$2,439,349$866,631$139,043$1,433,674
5$2,561,316$911,759$145,995$1,503,562
6$2,689,382$959,143$153,295$1,576,943
7$2,823,851$1,008,897$160,959$1,653,994
8$2,965,043$1,061,138$169,007$1,734,898
9$3,113,296$1,115,992$177,458$1,819,846
10$3,268,960$1,173,588$186,331$1,909,042
11$3,432,408$1,234,063$195,647$2,002,698
12$3,604,029$1,297,563$205,430$2,101,036
13$3,784,230$1,364,237$215,701$2,204,292
14$3,973,442$1,434,246$226,486$2,312,710
15$4,172,114$1,507,754$237,810$2,426,549
16$4,380,719$1,584,938$249,701$2,546,080
17$4,599,755$1,665,982$262,186$2,671,588
18$4,829,743$1,751,077$275,295$2,803,371
19$5,071,230$1,840,427$289,060$2,941,743
20$5,324,792$1,934,245$303,513$3,087,033
21$5,591,031$2,032,754$318,689$3,239,589
22$5,870,583$2,136,188$334,623$3,399,772
23$6,164,112$2,244,794$351,354$3,567,964
24$6,472,318$2,358,830$368,922$3,744,566
25$6,795,933$2,478,568$387,368$3,929,998
26$7,135,730$2,604,292$406,737$4,124,701
27$7,492,517$2,736,303$427,073$4,329,140
28$7,867,143$2,874,915$448,427$4,543,800
29$8,260,500$3,020,457$470,848$4,769,194
30$8,673,525$3,173,276$494,391$5,005,857
Total$140,000,000$50,722,166$7,979,997$81,297,834

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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.