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Kansas Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 2024

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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 $977,000,000 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, Mar 22, 2024
Jackpot:$977,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,705,252$5,399,131$838,199$8,467,922
2$15,440,515$5,671,178$880,109$8,889,227
3$16,212,540$5,956,828$924,115$9,331,598
4$17,023,168$6,256,760$970,321$9,796,087
5$17,874,325$6,571,688$1,018,837$10,283,801
6$18,768,042$6,902,363$1,069,778$10,795,900
7$19,706,445$7,249,572$1,123,267$11,333,605
8$20,691,767$7,614,141$1,179,431$11,898,195
9$21,726,355$7,996,939$1,238,402$12,491,014
10$22,812,673$8,398,877$1,300,322$13,113,474
11$23,953,306$8,820,911$1,365,338$13,767,057
12$25,150,972$9,264,047$1,433,605$14,453,319
13$26,408,520$9,729,340$1,505,286$15,173,894
14$27,728,946$10,217,898$1,580,550$15,930,498
15$29,115,393$10,730,883$1,659,577$16,724,933
16$30,571,163$11,269,518$1,742,556$17,559,089
17$32,099,721$11,835,084$1,829,684$18,434,952
18$33,704,707$12,428,929$1,921,168$19,354,609
19$35,389,942$13,052,466$2,017,227$20,320,249
20$37,159,440$13,707,180$2,118,088$21,334,171
21$39,017,411$14,394,630$2,223,992$22,398,789
22$40,968,282$15,116,452$2,335,192$23,516,638
23$43,016,696$15,874,365$2,451,952$24,690,379
24$45,167,531$16,670,174$2,574,549$25,922,807
25$47,425,907$17,505,773$2,703,277$27,216,857
26$49,797,203$18,383,153$2,838,441$28,575,610
27$52,287,064$19,304,401$2,980,363$30,002,300
28$54,901,416$20,271,712$3,129,381$31,500,324
29$57,646,487$21,287,388$3,285,850$33,073,249
30$60,528,812$22,353,848$3,450,142$34,724,821
Total$977,000,002$360,235,629$55,688,999$561,075,368

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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.