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Kansas Mega Millions Jackpot Annuity Payout Schedule for Aug 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 $52,000,000 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, Aug 25, 2023
Jackpot:$52,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$782,675$247,777$44,612$490,285
2$821,808$262,257$46,843$512,708
3$862,899$277,460$49,185$536,253
4$906,044$293,424$51,644$560,975
5$951,346$310,186$54,227$586,933
6$998,913$327,786$56,938$614,190
7$1,048,859$346,266$59,785$642,808
8$1,101,302$365,669$62,774$672,858
9$1,156,367$386,044$65,913$704,410
10$1,214,185$407,436$69,209$737,540
11$1,274,895$429,899$72,669$772,327
12$1,338,639$453,484$76,302$808,853
13$1,405,571$478,249$80,118$847,205
14$1,475,850$504,252$84,123$887,474
15$1,549,642$531,555$88,330$929,757
16$1,627,124$560,224$92,746$974,155
17$1,708,481$590,326$97,383$1,020,772
18$1,793,905$621,932$102,253$1,069,720
19$1,883,600$655,120$107,365$1,121,115
20$1,977,780$689,966$112,733$1,175,080
21$2,076,669$726,555$118,370$1,231,743
22$2,180,502$764,974$124,289$1,291,240
23$2,289,527$805,313$130,503$1,353,711
24$2,404,004$847,669$137,028$1,419,306
25$2,524,204$892,143$143,880$1,488,181
26$2,650,414$938,841$151,074$1,560,500
27$2,782,935$987,874$158,627$1,636,434
28$2,922,082$1,039,358$166,559$1,716,165
29$3,068,186$1,093,416$174,887$1,799,883
30$3,221,595$1,150,178$183,631$1,887,786
Total$52,000,000$17,985,633$2,964,000$31,050,367

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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.