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Kansas Mega Millions Jackpot Annuity Payout Schedule for Jul 18, 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 $640,000,000 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:Tue, Jul 18, 2023
Jackpot:$640,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,632,918$3,522,368$549,076$5,561,474
2$10,114,564$3,700,577$576,530$5,837,458
3$10,620,292$3,887,696$605,357$6,127,240
4$11,151,308$4,084,172$635,625$6,431,511
5$11,708,872$4,290,471$667,406$6,750,996
6$12,294,316$4,507,085$700,776$7,086,455
7$12,909,032$4,734,530$735,815$7,438,688
8$13,554,484$4,973,347$772,606$7,808,531
9$14,232,208$5,224,105$811,236$8,196,867
10$14,943,818$5,487,400$851,798$8,604,620
11$15,691,009$5,763,861$894,388$9,032,761
12$16,475,560$6,054,145$939,107$9,482,308
13$17,299,338$6,358,943$986,062$9,954,333
14$18,164,305$6,678,980$1,035,365$10,449,959
15$19,072,520$7,015,020$1,087,134$10,970,366
16$20,026,146$7,367,862$1,141,490$11,516,794
17$21,027,453$7,738,345$1,198,565$12,090,543
18$22,078,826$8,127,353$1,258,493$12,692,979
19$23,182,767$8,535,811$1,321,418$13,325,538
20$24,341,905$8,964,693$1,387,489$13,989,724
21$25,559,000$9,415,018$1,456,863$14,687,119
22$26,836,950$9,887,859$1,529,706$15,419,385
23$28,178,798$10,384,343$1,606,191$16,188,264
24$29,587,738$10,905,651$1,686,501$16,995,586
25$31,067,124$11,453,024$1,770,826$17,843,275
26$32,620,481$12,027,766$1,859,367$18,733,348
27$34,251,505$12,631,245$1,952,336$19,667,925
28$35,964,080$13,264,897$2,049,953$20,649,230
29$37,762,284$13,930,233$2,152,450$21,679,601
30$39,650,399$14,628,835$2,260,073$22,761,491
Total$640,000,001$235,545,635$36,480,002$367,974,369

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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.