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Kansas Mega Millions Jackpot Annuity Payout Schedule for Jul 21, 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 $720,000,000 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, Jul 21, 2023
Jackpot:$720,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,837,033$3,967,890$617,711$6,251,432
2$11,378,885$4,168,375$648,596$6,561,913
3$11,947,829$4,378,884$681,026$6,887,918
4$12,545,221$4,599,920$715,078$7,230,224
5$13,172,481$4,832,006$750,831$7,589,644
6$13,831,106$5,075,697$788,373$7,967,036
7$14,522,661$5,331,572$827,792$8,363,297
8$15,248,794$5,600,242$869,181$8,779,371
9$16,011,234$5,882,344$912,640$9,216,249
10$16,811,796$6,178,552$958,272$9,674,971
11$17,652,385$6,489,570$1,006,186$10,156,629
12$18,535,005$6,816,139$1,056,495$10,662,370
13$19,461,755$7,159,037$1,109,320$11,193,398
14$20,434,843$7,519,080$1,164,786$11,750,977
15$21,456,585$7,897,124$1,223,025$12,336,435
16$22,529,414$8,294,071$1,284,177$12,951,167
17$23,655,884$8,710,865$1,348,385$13,596,634
18$24,838,679$9,148,499$1,415,805$14,274,375
19$26,080,613$9,608,014$1,486,595$14,986,003
20$27,384,643$10,090,506$1,560,925$15,733,213
21$28,753,875$10,597,122$1,638,971$16,517,783
22$30,191,569$11,129,068$1,720,919$17,341,581
23$31,701,148$11,687,612$1,806,965$18,206,570
24$33,286,205$12,274,084$1,897,314$19,114,808
25$34,950,515$12,889,878$1,992,179$20,068,457
26$36,698,041$13,536,463$2,091,788$21,069,790
27$38,532,943$14,215,377$2,196,378$22,121,189
28$40,459,590$14,928,236$2,306,197$23,225,157
29$42,482,570$15,676,739$2,421,506$24,384,325
30$44,606,699$16,462,666$2,542,582$25,601,451
Total$720,000,001$265,145,632$41,039,998$413,814,367

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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.