USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jul 7, 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 $450,000,000 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 7, 2023
Jackpot:$450,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,773,146$2,464,252$386,069$3,922,825
2$7,111,803$2,589,555$405,373$4,116,875
3$7,467,393$2,721,123$425,641$4,320,629
4$7,840,763$2,859,270$446,923$4,534,570
5$8,232,801$3,004,324$469,270$4,759,207
6$8,644,441$3,156,631$492,733$4,995,077
7$9,076,663$3,316,553$517,370$5,242,740
8$9,530,496$3,484,471$543,238$5,502,787
9$10,007,021$3,660,786$570,400$5,775,835
10$10,507,372$3,845,915$598,920$6,062,537
11$11,032,741$4,040,302$628,866$6,363,573
12$11,584,378$4,244,408$660,310$6,679,661
13$12,163,597$4,458,719$693,325$7,011,553
14$12,771,777$4,683,745$727,991$7,360,040
15$13,410,365$4,920,023$764,391$7,725,952
16$14,080,884$5,168,115$802,610$8,110,159
17$14,784,928$5,428,611$842,741$8,513,576
18$15,524,174$5,702,132$884,878$8,937,164
19$16,300,383$5,989,329$929,122$9,381,932
20$17,115,402$6,290,887$975,578$9,848,938
21$17,971,172$6,607,521$1,024,357$10,339,294
22$18,869,731$6,939,988$1,075,575$10,854,168
23$19,813,217$7,289,078$1,129,353$11,394,786
24$20,803,878$7,655,623$1,185,821$11,962,434
25$21,844,072$8,040,494$1,245,112$12,558,465
26$22,936,276$8,444,610$1,307,368$13,184,298
27$24,083,090$8,868,931$1,372,736$13,841,423
28$25,287,244$9,314,468$1,441,373$14,531,403
29$26,551,606$9,782,282$1,513,442$15,255,883
30$27,879,187$10,273,487$1,589,114$16,016,586
Total$450,000,001$165,245,633$25,650,000$259,104,370

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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.