USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Jan 23, 2024

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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 $262,000,000 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, Jan 23, 2024
Jackpot:$262,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,943,476$1,416,106$224,778$2,302,591
2$4,140,650$1,489,061$236,017$2,415,572
3$4,347,682$1,565,663$247,818$2,534,202
4$4,565,067$1,646,095$260,209$2,658,763
5$4,793,320$1,730,549$273,219$2,789,552
6$5,032,986$1,819,225$286,880$2,926,881
7$5,284,635$1,912,335$301,224$3,071,076
8$5,548,867$2,010,101$316,285$3,222,480
9$5,826,310$2,112,755$332,100$3,381,455
10$6,117,626$2,220,542$348,705$3,548,379
11$6,423,507$2,333,718$366,140$3,723,649
12$6,744,682$2,452,553$384,447$3,907,683
13$7,081,916$2,577,329$403,669$4,100,918
14$7,436,012$2,708,345$423,853$4,303,815
15$7,807,813$2,845,911$445,045$4,516,856
16$8,198,203$2,990,356$467,298$4,740,550
17$8,608,113$3,142,022$490,662$4,975,429
18$9,038,519$3,301,272$515,196$5,222,051
19$9,490,445$3,468,485$540,955$5,481,005
20$9,964,967$3,644,058$568,003$5,752,906
21$10,463,216$3,828,410$596,403$6,038,402
22$10,986,377$4,021,980$626,223$6,338,174
23$11,535,695$4,225,228$657,535$6,652,933
24$12,112,480$4,438,638$690,411$6,983,431
25$12,718,104$4,662,719$724,932$7,330,453
26$13,354,010$4,898,004$761,179$7,694,827
27$14,021,710$5,145,053$799,237$8,077,420
28$14,722,795$5,404,454$839,199$8,479,141
29$15,458,935$5,676,826$881,159$8,900,950
30$16,231,882$5,962,817$925,217$9,343,848
Total$262,000,001$95,650,610$14,933,998$151,415,392

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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.