USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Aug 8, 2023

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The tax information provided here is based on 2025 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 $1,602,000,000 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 8, 2023
Jackpot:$1,602,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,112,399$8,878,608$1,374,407$13,859,384
2$25,318,019$9,324,687$1,443,127$14,550,205
3$26,583,920$9,793,071$1,515,283$15,275,566
4$27,913,117$10,284,873$1,591,048$16,037,196
5$29,308,771$10,801,266$1,670,600$16,836,906
6$30,774,210$11,343,478$1,754,130$17,676,602
7$32,312,922$11,912,801$1,841,837$18,558,284
8$33,928,567$12,510,590$1,933,928$19,484,049
9$35,624,996$13,138,269$2,030,625$20,456,102
10$37,406,245$13,797,331$2,132,156$21,476,758
11$39,276,558$14,489,347$2,238,764$22,548,447
12$41,240,385$15,215,963$2,350,702$23,673,721
13$43,302,404$15,978,910$2,468,237$24,855,257
14$45,467,525$16,780,005$2,591,649$26,095,872
15$47,740,901$17,621,154$2,721,231$27,398,516
16$50,127,947$18,504,360$2,857,293$28,766,293
17$52,634,343$19,431,727$3,000,158$30,202,458
18$55,266,060$20,405,463$3,150,165$31,710,432
19$58,029,363$21,427,885$3,307,674$33,293,805
20$60,930,832$22,501,428$3,473,057$34,956,346
21$63,977,373$23,628,648$3,646,710$36,702,014
22$67,176,241$24,812,230$3,829,046$38,534,966
23$70,535,054$26,054,990$4,020,498$40,459,566
24$74,061,806$27,359,888$4,221,523$42,480,394
25$77,764,896$28,730,032$4,432,599$44,602,265
26$81,653,142$30,168,683$4,654,229$46,830,230
27$85,735,799$31,679,266$4,886,941$49,169,593
28$90,022,588$33,265,378$5,131,288$51,625,923
29$94,523,718$34,930,796$5,387,852$54,205,070
30$99,249,904$36,679,485$5,657,245$56,913,175
Total$1,602,000,003$591,450,612$91,314,002$919,235,395

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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.