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Kansas Mega Millions Jackpot Annuity Payout Schedule for Sep 1, 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 $85,000,000 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, Sep 1, 2023
Jackpot:$85,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,279,372$431,555$72,924$774,892
2$1,343,341$455,224$76,570$811,546
3$1,410,508$480,076$80,399$850,033
4$1,481,033$506,170$84,419$890,444
5$1,555,085$533,569$88,640$932,876
6$1,632,839$562,338$93,072$977,429
7$1,714,481$592,546$97,725$1,024,210
8$1,800,205$624,264$102,612$1,073,330
9$1,890,215$657,567$107,742$1,124,906
10$1,984,726$692,536$113,129$1,179,060
11$2,083,962$729,254$118,786$1,235,923
12$2,188,160$767,807$124,725$1,295,628
13$2,297,568$808,288$130,961$1,358,319
14$2,412,447$850,793$137,509$1,424,144
15$2,533,069$895,423$144,385$1,493,261
16$2,659,723$942,285$151,604$1,565,833
17$2,792,709$991,490$159,184$1,642,034
18$2,932,344$1,043,155$167,144$1,722,045
19$3,078,961$1,097,403$175,501$1,806,057
20$3,232,909$1,154,364$184,276$1,894,269
21$3,394,555$1,214,173$193,490$1,986,892
22$3,564,282$1,276,972$203,164$2,084,146
23$3,742,497$1,342,911$213,322$2,186,263
24$3,929,621$1,412,148$223,988$2,293,485
25$4,126,102$1,484,846$235,188$2,406,069
26$4,332,408$1,561,179$246,947$2,524,282
27$4,549,028$1,641,328$259,295$2,648,405
28$4,776,479$1,725,485$272,259$2,778,735
29$5,015,303$1,813,850$285,872$2,915,581
30$5,266,069$1,906,633$300,166$3,059,270
Total$85,000,000$30,195,632$4,844,998$49,959,367

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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.