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Kansas Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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The tax information provided here is based on 2025 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 $360,000,000 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, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$308,855$3,147,790
2$5,689,443$2,062,114$324,298$3,303,030
3$5,973,915$2,167,369$340,513$3,466,033
4$6,272,610$2,277,886$357,539$3,637,186
5$6,586,241$2,393,929$375,416$3,816,896
6$6,915,553$2,515,775$394,187$4,005,592
7$7,261,331$2,643,713$413,896$4,203,722
8$7,624,397$2,778,047$434,591$4,411,759
9$8,005,617$2,919,099$456,320$4,630,198
10$8,405,898$3,067,202$479,136$4,859,559
11$8,826,193$3,222,712$503,093$5,100,388
12$9,267,502$3,385,996$528,248$5,353,259
13$9,730,877$3,557,445$554,660$5,618,773
14$10,217,421$3,737,466$582,393$5,897,562
15$10,728,292$3,926,488$611,513$6,190,291
16$11,264,707$4,124,962$642,088$6,497,657
17$11,827,942$4,333,359$674,193$6,820,391
18$12,419,339$4,552,176$707,902$7,159,261
19$13,040,306$4,781,934$743,297$7,515,075
20$13,692,322$5,023,179$780,462$7,888,680
21$14,376,938$5,276,487$819,485$8,280,965
22$15,095,785$5,542,461$860,460$8,692,864
23$15,850,574$5,821,733$903,483$9,125,359
24$16,643,102$6,114,968$948,657$9,579,477
25$17,475,258$6,422,866$996,090$10,056,302
26$18,349,021$6,746,158$1,045,894$10,556,969
27$19,266,472$7,085,615$1,098,189$11,082,668
28$20,229,795$7,442,044$1,153,098$11,634,652
29$21,241,285$7,816,296$1,210,753$12,214,236
30$22,303,349$8,209,259$1,271,291$12,822,799
Total$360,000,001$131,910,609$20,520,000$207,569,393

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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.