USA Mega

Kansas Mega Millions Jackpot Annuity Payout Schedule for Aug 20, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $498,000,000 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, Aug 20, 2024
Jackpot:$498,000,000
Federal Tax:37% marginal rate
State Tax: 5.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,495,615$2,731,565$427,250$4,336,799
2$7,870,395$2,870,234$448,613$4,551,549
3$8,263,915$3,015,836$471,043$4,777,036
4$8,677,111$3,168,719$494,595$5,013,797
5$9,110,966$3,329,245$519,325$5,262,396
6$9,566,515$3,497,798$545,291$5,523,425
7$10,044,841$3,674,779$572,556$5,797,506
8$10,547,083$3,860,608$601,184$6,085,291
9$11,074,437$4,055,729$631,243$6,387,465
10$11,628,159$4,260,606$662,805$6,704,747
11$12,209,567$4,475,727$695,945$7,037,894
12$12,820,045$4,701,604$730,743$7,387,698
13$13,461,047$4,938,775$767,280$7,754,992
14$14,134,100$5,187,805$805,644$8,140,651
15$14,840,804$5,449,285$845,926$8,545,593
16$15,582,845$5,723,840$888,222$8,970,782
17$16,361,987$6,012,123$932,633$9,417,231
18$17,180,086$6,314,820$979,265$9,886,002
19$18,039,090$6,632,651$1,028,228$10,378,211
20$18,941,045$6,966,374$1,079,640$10,895,031
21$19,888,097$7,316,784$1,133,622$11,437,692
22$20,882,502$7,684,714$1,190,303$12,007,486
23$21,926,627$8,071,040$1,249,818$12,605,770
24$23,022,958$8,476,682$1,312,309$13,233,967
25$24,174,106$8,902,607$1,377,924$13,893,575
26$25,382,812$9,349,828$1,446,820$14,586,164
27$26,651,953$9,819,410$1,519,161$15,313,381
28$27,984,550$10,312,471$1,595,119$16,076,959
29$29,383,777$10,830,185$1,674,875$16,878,717
30$30,852,967$11,373,785$1,758,619$17,720,562
Total$498,000,001$183,005,629$28,386,001$286,608,369

◄ Back to Jackpot Analysis

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.