USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Aug 15, 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 $36,000,000 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, Aug 15, 2023
Jackpot:$36,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$541,852$160,023$30,886$350,943
2$568,944$169,505$32,430$367,009
3$597,391$179,462$34,051$383,878
4$627,261$190,274$35,754$401,233
5$658,624$201,879$37,542$419,204
6$691,555$214,063$39,419$438,073
7$726,133$226,857$41,390$457,886
8$762,440$240,290$43,459$478,690
9$800,562$254,396$45,632$500,534
10$840,590$269,206$47,914$523,470
11$882,619$284,757$50,309$547,553
12$926,750$301,085$52,825$572,840
13$973,088$318,230$55,466$599,392
14$1,021,742$336,232$58,239$627,270
15$1,072,829$355,135$61,151$656,543
16$1,126,471$374,982$64,209$687,280
17$1,182,794$395,822$67,419$719,553
18$1,241,934$417,703$70,790$753,440
19$1,304,031$440,679$74,330$789,022
20$1,369,232$464,804$78,046$826,382
21$1,437,694$490,134$81,949$865,611
22$1,509,578$516,732$86,046$906,801
23$1,585,057$544,659$90,348$950,050
24$1,664,310$573,983$94,866$995,462
25$1,747,526$604,772$99,609$1,043,145
26$1,834,902$637,102$104,589$1,093,211
27$1,926,647$671,047$109,819$1,145,781
28$2,022,980$706,690$115,310$1,200,980
29$2,124,128$744,115$121,075$1,258,938
30$2,230,335$783,412$127,129$1,319,794
Total$36,000,000$12,068,030$2,052,001$21,879,968

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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.