USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jun 30, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $368,000,000 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 30, 2023
Jackpot:$368,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,538,928$2,007,591$315,719$3,215,618
2$5,815,875$2,110,061$331,505$3,374,308
3$6,106,668$2,217,655$348,080$3,540,933
4$6,412,002$2,330,628$365,484$3,715,889
5$6,732,602$2,449,250$383,758$3,899,593
6$7,069,232$2,573,804$402,946$4,092,482
7$7,422,694$2,704,584$423,094$4,295,016
8$7,793,828$2,841,904$444,248$4,507,676
9$8,183,520$2,986,090$466,461$4,730,969
10$8,592,695$3,137,485$489,784$4,965,427
11$9,022,330$3,296,450$514,273$5,211,608
12$9,473,447$3,463,363$539,986$5,470,097
13$9,947,119$3,638,622$566,986$5,741,512
14$10,444,475$3,822,644$595,335$6,026,497
15$10,966,699$4,015,866$625,102$6,325,731
16$11,515,034$4,218,750$656,357$6,639,927
17$12,090,785$4,431,778$689,175$6,969,832
18$12,695,325$4,655,458$723,634$7,316,233
19$13,330,091$4,890,321$759,815$7,679,954
20$13,996,596$5,136,928$797,806$8,061,861
21$14,696,425$5,395,865$837,696$8,462,864
22$15,431,246$5,667,749$879,581$8,883,916
23$16,202,809$5,953,227$923,560$9,326,022
24$17,012,949$6,252,979$969,738$9,790,232
25$17,863,597$6,567,718$1,018,225$10,277,653
26$18,756,777$6,898,195$1,069,136$10,789,445
27$19,694,616$7,245,195$1,122,593$11,326,827
28$20,679,346$7,609,546$1,178,723$11,891,078
29$21,713,313$7,992,114$1,237,659$12,483,541
30$22,798,979$8,393,810$1,299,542$13,105,627
Total$368,000,001$134,905,630$20,976,001$212,118,368

◄ Back to Jackpot Analysis

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.