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Kansas Mega Millions Jackpot Annuity Payout Schedule for Dec 1, 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 $355,000,000 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, Dec 1, 2023
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,935,194$304,566$3,103,500
2$5,610,422$2,034,044$319,794$3,256,584
3$5,890,943$2,137,837$335,784$3,417,323
4$6,185,491$2,246,819$352,573$3,586,099
5$6,494,765$2,361,251$370,202$3,763,313
6$6,819,503$2,481,404$388,712$3,949,388
7$7,160,479$2,607,565$408,147$4,144,767
8$7,518,503$2,740,034$428,555$4,349,914
9$7,894,428$2,879,126$449,982$4,565,319
10$8,289,149$3,025,173$472,482$4,791,495
11$8,703,607$3,178,522$496,106$5,028,979
12$9,138,787$3,339,539$520,911$5,278,337
13$9,595,726$3,508,606$546,956$5,540,163
14$10,075,513$3,686,127$574,304$5,815,081
15$10,579,288$3,872,524$603,019$6,103,744
16$11,108,253$4,068,241$633,170$6,406,841
17$11,663,665$4,273,744$664,829$6,725,092
18$12,246,849$4,489,522$698,070$7,059,256
19$12,859,191$4,716,088$732,974$7,410,129
20$13,502,151$4,953,983$769,623$7,778,545
21$14,177,258$5,203,773$808,104$8,165,381
22$14,886,121$5,466,052$848,509$8,571,560
23$15,630,427$5,741,446$890,934$8,998,047
24$16,411,948$6,030,609$935,481$9,445,859
25$17,232,546$6,334,230$982,255$9,916,061
26$18,094,173$6,653,032$1,031,368$10,409,773
27$18,998,882$6,987,774$1,082,936$10,928,172
28$19,948,826$7,339,253$1,137,083$11,472,489
29$20,946,267$7,708,307$1,193,937$12,044,023
30$21,993,581$8,095,813$1,253,634$12,644,134
Total$355,000,001$130,095,632$20,235,000$204,669,368

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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.