USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 20, 2023

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The tax information provided here is based on 2024 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 $20,000,000 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 20, 2023
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$75,735$17,159$208,135
2$316,080$81,003$18,017$217,061
3$331,884$86,534$18,917$226,433
4$348,478$92,342$19,863$236,273
5$365,902$98,441$20,856$246,605
6$384,197$104,844$21,899$257,454
7$403,407$111,567$22,994$268,846
8$423,578$118,627$24,144$280,807
9$444,757$126,040$25,351$293,366
10$466,994$133,823$26,619$306,553
11$490,344$141,995$27,950$320,399
12$514,861$150,576$29,347$334,938
13$540,604$159,586$30,814$350,204
14$567,635$169,047$32,355$366,233
15$596,016$178,980$33,973$383,063
16$625,817$189,740$35,672$400,405
17$657,108$201,318$37,455$418,335
18$689,963$213,474$39,328$437,161
19$724,461$226,238$41,294$456,929
20$760,685$239,641$43,359$477,684
21$798,719$253,714$45,527$499,478
22$838,655$268,490$47,803$522,361
23$880,587$284,005$50,193$546,389
24$924,617$300,296$52,703$571,618
25$970,848$317,401$55,338$598,108
26$1,019,390$335,362$58,105$625,923
27$1,070,360$354,221$61,010$655,128
28$1,123,878$374,022$64,061$685,794
29$1,180,071$394,814$67,264$717,993
30$1,239,075$416,645$70,627$751,802
Total$20,000,000$6,198,521$1,139,997$12,661,478

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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.