USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jul 28, 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 $940,000,000 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 28, 2023
Jackpot:$940,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,148,349$5,193,077$806,456$8,148,816
2$14,855,767$5,454,821$846,779$8,554,167
3$15,598,555$5,729,653$889,118$8,979,784
4$16,378,483$6,018,226$933,574$9,426,683
5$17,197,406$6,321,228$980,252$9,895,926
6$18,057,277$6,639,380$1,029,265$10,388,632
7$18,960,141$6,973,440$1,080,728$10,905,973
8$19,908,148$7,324,203$1,134,764$11,449,181
9$20,903,556$7,692,503$1,191,503$12,019,550
10$21,948,733$8,079,219$1,251,078$12,618,436
11$23,046,170$8,485,271$1,313,632$13,247,268
12$24,198,478$8,911,625$1,379,313$13,907,540
13$25,408,402$9,359,297$1,448,279$14,600,827
14$26,678,822$9,829,352$1,520,693$15,328,778
15$28,012,763$10,322,910$1,596,728$16,093,126
16$29,413,402$10,841,146$1,676,564$16,895,691
17$30,884,071$11,385,294$1,760,392$17,738,385
18$32,428,275$11,956,650$1,848,412$18,623,214
19$34,049,689$12,556,573$1,940,832$19,552,284
20$35,752,173$13,186,492$2,037,874$20,527,808
21$37,539,782$13,847,907$2,139,768$21,552,107
22$39,416,771$14,542,393$2,246,756$22,627,622
23$41,387,610$15,271,603$2,359,094$23,756,913
24$43,456,990$16,037,274$2,477,048$24,942,667
25$45,629,839$16,841,228$2,600,901$26,187,710
26$47,911,332$17,685,381$2,730,946$27,495,005
27$50,306,898$18,571,740$2,867,493$28,867,665
28$52,822,243$19,502,417$3,010,868$30,308,957
29$55,463,355$20,479,629$3,161,411$31,822,315
30$58,236,523$21,505,701$3,319,482$33,411,340
Total$940,000,002$346,545,633$53,580,003$539,874,370

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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.