USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2024

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The tax information provided here is based on 2026 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 $236,000,000 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, Jan 19, 2024
Jackpot:$236,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,552,139$1,270,249$202,472$2,079,418
2$3,729,746$1,335,963$212,596$2,181,187
3$3,916,233$1,404,963$223,225$2,288,044
4$4,112,045$1,477,414$234,387$2,400,244
5$4,317,647$1,553,487$246,106$2,518,054
6$4,533,529$1,633,363$258,411$2,641,755
7$4,760,206$1,717,233$271,332$2,771,641
8$4,998,216$1,805,297$284,898$2,908,020
9$5,248,127$1,897,764$299,143$3,051,219
10$5,510,533$1,994,854$314,100$3,201,578
11$5,786,060$2,096,799$329,805$3,359,455
12$6,075,363$2,203,841$346,296$3,525,226
13$6,379,131$2,316,236$363,610$3,699,285
14$6,698,087$2,434,250$381,791$3,882,047
15$7,032,992$2,558,164$400,881$4,073,947
16$7,384,641$2,688,275$420,925$4,275,442
17$7,753,873$2,824,890$441,971$4,487,012
18$8,141,567$2,968,337$464,069$4,709,161
19$8,548,645$3,118,956$487,273$4,942,416
20$8,976,078$3,277,106$511,636$5,187,335
21$9,424,881$3,443,163$537,218$5,444,500
22$9,896,125$3,617,524$564,079$5,714,523
23$10,390,932$3,800,602$592,283$5,998,047
24$10,910,478$3,992,834$621,897$6,295,747
25$11,456,002$4,194,678$652,992$6,608,332
26$12,028,802$4,406,614$685,642$6,936,547
27$12,630,243$4,629,147$719,924$7,281,172
28$13,261,755$4,862,806$755,920$7,643,028
29$13,924,842$5,108,149$793,716$8,022,977
30$14,621,085$5,365,759$833,402$8,421,924
Total$236,000,000$85,998,717$13,452,000$136,549,283

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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.