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Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 13, 2023

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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 $1,348,000,000 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 13, 2023
Jackpot:$1,348,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,289,334$7,463,011$1,156,492$11,669,831
2$21,303,801$7,838,364$1,214,317$12,251,121
3$22,368,991$8,232,484$1,275,032$12,861,475
4$23,487,441$8,646,311$1,338,784$13,502,347
5$24,661,812$9,080,828$1,405,723$14,175,261
6$25,894,903$9,537,072$1,476,009$14,881,822
7$27,189,649$10,016,127$1,549,810$15,623,712
8$28,549,132$10,519,136$1,627,301$16,402,695
9$29,976,588$11,047,295$1,708,666$17,220,628
10$31,475,417$11,601,862$1,794,099$18,079,457
11$33,049,188$12,184,157$1,883,804$18,981,228
12$34,701,648$12,795,567$1,977,994$19,928,087
13$36,436,730$13,437,547$2,076,894$20,922,289
14$38,258,567$14,111,627$2,180,738$21,966,201
15$40,171,495$14,819,410$2,289,775$23,062,309
16$42,180,070$15,562,583$2,404,264$24,213,223
17$44,289,072$16,342,914$2,524,477$25,421,681
18$46,503,526$17,162,262$2,650,701$26,690,563
19$48,828,702$18,022,577$2,783,236$28,022,889
20$51,270,138$18,925,908$2,922,398$29,421,832
21$53,833,644$19,874,406$3,068,518$30,890,721
22$56,525,327$20,870,328$3,221,944$32,433,055
23$59,351,593$21,916,047$3,383,041$34,052,506
24$62,319,172$23,014,051$3,552,193$35,752,928
25$65,435,131$24,166,956$3,729,802$37,538,373
26$68,706,889$25,377,506$3,916,293$39,413,090
27$72,142,233$26,648,583$4,112,107$41,381,542
28$75,749,344$27,983,214$4,317,713$43,448,417
29$79,536,811$29,384,577$4,533,598$45,618,635
30$83,513,652$30,856,009$4,760,278$47,897,366
Total$1,348,000,003$497,438,719$76,836,001$773,725,284

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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.