USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Aug 22, 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 $33,000,000 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 22, 2023
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$144,219$28,312$324,167
2$521,532$152,911$29,727$338,894
3$547,609$162,038$31,214$354,357
4$574,989$171,621$32,774$370,594
5$603,739$181,683$34,413$387,642
6$633,926$192,740$36,134$405,052
7$665,622$204,468$37,940$423,214
8$698,903$216,782$39,837$442,284
9$733,848$229,712$41,829$462,307
10$770,541$243,288$43,921$483,332
11$809,068$257,543$46,117$505,408
12$849,521$272,511$48,423$528,588
13$891,997$288,227$50,844$552,927
14$936,597$304,729$53,386$578,482
15$983,427$322,056$56,055$605,316
16$1,032,598$340,249$58,858$633,491
17$1,084,228$359,352$61,801$663,075
18$1,138,439$379,410$64,891$694,138
19$1,195,361$400,471$68,136$726,754
20$1,255,129$422,586$71,542$761,001
21$1,317,886$445,806$75,119$796,961
22$1,383,780$470,186$78,875$834,718
23$1,452,969$495,786$82,819$874,364
24$1,525,618$522,666$86,960$915,991
25$1,601,899$550,890$91,308$959,700
26$1,681,994$580,525$95,874$1,005,595
27$1,766,093$611,642$100,667$1,053,784
28$1,854,398$644,315$105,701$1,104,382
29$1,947,118$678,621$110,986$1,157,511
30$2,044,474$714,643$116,535$1,213,296
Total$33,000,000$10,961,676$1,880,998$20,157,325

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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.