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Kansas Mega Millions Jackpot Annuity Payout Schedule for Jul 25, 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 $820,000,000 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 25, 2023
Jackpot:$820,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,342,177$4,524,793$703,504$7,113,879
2$12,959,286$4,753,123$738,679$7,467,483
3$13,607,250$4,992,870$775,613$7,838,766
4$14,287,613$5,244,604$814,394$8,228,614
5$15,001,993$5,508,925$855,114$8,637,954
6$15,752,093$5,786,462$897,869$9,067,761
7$16,539,698$6,077,876$942,763$9,519,059
8$17,366,682$6,383,860$989,901$9,992,921
9$18,235,017$6,705,144$1,039,396$10,490,477
10$19,146,767$7,042,492$1,091,366$11,012,910
11$20,104,106$7,396,707$1,145,934$11,561,465
12$21,109,311$7,768,633$1,203,231$12,137,447
13$22,164,776$8,159,155$1,263,392$12,742,229
14$23,273,015$8,569,203$1,326,562$13,377,250
15$24,436,666$8,999,754$1,392,890$14,044,022
16$25,658,499$9,451,833$1,462,534$14,744,132
17$26,941,424$9,926,515$1,535,661$15,479,248
18$28,288,495$10,424,931$1,612,444$16,251,120
19$29,702,920$10,948,268$1,693,066$17,061,585
20$31,188,066$11,497,772$1,777,720$17,912,574
21$32,747,469$12,074,751$1,866,606$18,806,112
22$34,384,843$12,680,580$1,959,936$19,744,327
23$36,104,085$13,316,699$2,057,933$20,729,453
24$37,909,289$13,984,625$2,160,829$21,763,835
25$39,804,753$14,685,946$2,268,871$22,849,936
26$41,794,992$15,422,335$2,382,315$23,990,342
27$43,884,741$16,195,542$2,501,430$25,187,769
28$46,078,978$17,007,409$2,626,502$26,445,066
29$48,382,927$17,859,871$2,757,827$27,765,229
30$50,802,073$18,754,955$2,895,718$29,151,400
Total$820,000,002$302,145,633$46,740,000$471,114,365

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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.