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Kansas Mega Millions Jackpot Annuity Payout Schedule for Jun 24, 2022

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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 $312,000,000 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, Jun 24, 2022
Jackpot:$312,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,696,048$1,693,495$267,675$2,734,878
2$4,930,850$1,780,372$281,058$2,869,420
3$5,177,393$1,871,593$295,111$3,010,689
4$5,436,262$1,967,374$309,867$3,159,021
5$5,708,075$2,067,945$325,360$3,314,770
6$5,993,479$2,173,545$341,628$3,478,306
7$6,293,153$2,284,424$358,710$3,650,020
8$6,607,811$2,400,847$376,645$3,830,318
9$6,938,201$2,523,092$395,477$4,019,632
10$7,285,111$2,651,448$415,251$4,218,412
11$7,649,367$2,786,223$436,014$4,427,130
12$8,031,835$2,927,736$457,815$4,646,284
13$8,433,427$3,076,325$480,705$4,876,396
14$8,855,099$3,232,344$504,741$5,118,014
15$9,297,853$3,396,163$529,978$5,371,713
16$9,762,746$3,568,173$556,477$5,638,096
17$10,250,883$3,748,784$584,300$5,917,799
18$10,763,427$3,938,425$613,515$6,211,487
19$11,301,599$4,137,549$644,191$6,519,859
20$11,866,679$4,346,628$676,401$6,843,650
21$12,460,013$4,566,162$710,221$7,183,630
22$13,083,013$4,796,672$745,732$7,540,609
23$13,737,164$5,038,708$783,018$7,915,438
24$14,424,022$5,292,845$822,169$8,309,007
25$15,145,223$5,559,690$863,278$8,722,256
26$15,902,485$5,839,877$906,442$9,156,166
27$16,697,609$6,134,073$951,764$9,611,773
28$17,532,489$6,442,978$999,352$10,090,159
29$18,409,114$6,767,329$1,049,319$10,592,465
30$19,329,569$7,107,898$1,101,785$11,119,886
Total$312,000,001$114,118,717$17,783,999$180,097,283

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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.