USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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The tax information provided here is based on 2022 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 $238,000,000 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, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,288,384$204,188$2,089,669
2$3,761,354$1,354,656$214,397$2,192,301
3$3,949,421$1,424,241$225,117$2,300,063
4$4,146,892$1,497,305$236,373$2,413,214
5$4,354,237$1,574,023$248,192$2,532,023
6$4,571,949$1,654,576$260,601$2,656,772
7$4,800,546$1,739,157$273,631$2,787,758
8$5,040,574$1,827,967$287,313$2,925,294
9$5,292,602$1,921,218$301,678$3,069,706
10$5,557,232$2,019,131$316,762$3,221,339
11$5,835,094$2,121,940$332,600$3,380,554
12$6,126,849$2,229,889$349,230$3,547,729
13$6,433,191$2,343,236$366,692$3,723,264
14$6,754,851$2,462,250$385,026$3,907,575
15$7,092,593$2,587,215$404,278$4,101,101
16$7,447,223$2,718,428$424,492$4,304,304
17$7,819,584$2,856,201$445,716$4,517,667
18$8,210,563$3,000,863$468,002$4,741,698
19$8,621,091$3,152,759$491,402$4,976,930
20$9,052,146$3,312,249$515,972$5,223,925
21$9,504,753$3,479,714$541,771$5,483,269
22$9,979,991$3,655,552$568,859$5,755,580
23$10,478,991$3,840,181$597,302$6,041,507
24$11,002,940$4,034,043$627,168$6,341,730
25$11,553,087$4,237,597$658,526$6,656,964
26$12,130,741$4,451,329$691,452$6,987,960
27$12,737,279$4,675,748$726,025$7,335,506
28$13,374,142$4,911,388$762,326$7,700,429
29$14,042,849$5,158,809$800,442$8,083,598
30$14,744,992$5,418,602$840,465$8,485,925
Total$238,000,000$86,948,651$13,565,998$137,485,354

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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.