USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 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 $162,000,000 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 15, 2023
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$859,203$138,985$1,440,144
2$2,560,249$904,312$145,934$1,510,003
3$2,688,262$951,677$153,231$1,583,354
4$2,822,675$1,001,410$160,892$1,660,372
5$2,963,808$1,053,629$168,937$1,741,242
6$3,111,999$1,108,460$177,384$1,826,155
7$3,267,599$1,166,032$186,253$1,915,314
8$3,430,979$1,226,482$195,566$2,008,931
9$3,602,528$1,289,955$205,344$2,107,228
10$3,782,654$1,356,602$215,611$2,210,440
11$3,971,787$1,426,581$226,392$2,318,814
12$4,170,376$1,500,059$237,711$2,432,605
13$4,378,895$1,577,211$249,597$2,552,086
14$4,597,840$1,658,221$262,077$2,677,542
15$4,827,732$1,743,281$275,181$2,809,270
16$5,069,118$1,832,594$288,940$2,947,584
17$5,322,574$1,926,373$303,387$3,092,815
18$5,588,703$2,024,840$318,556$3,245,306
19$5,868,138$2,128,231$334,484$3,405,423
20$6,161,545$2,236,792$351,208$3,573,545
21$6,469,622$2,350,780$368,768$3,750,073
22$6,793,103$2,470,468$387,207$3,935,428
23$7,132,758$2,596,141$406,567$4,130,050
24$7,489,396$2,728,097$426,896$4,334,404
25$7,863,866$2,866,651$448,240$4,548,975
26$8,257,059$3,012,132$470,652$4,774,275
27$8,669,912$3,164,888$494,185$5,010,839
28$9,103,408$3,325,281$518,894$5,259,232
29$9,558,578$3,493,694$544,839$5,520,045
30$10,036,507$3,670,528$572,081$5,793,898
Total$162,000,000$58,650,605$9,233,999$94,115,392

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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.