USA Mega

Kentucky Mega Millions Jackpot Annuity Payout Schedule for Apr 26, 2005

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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 $10,000,000 for a ticket purchased in Kentucky, 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:

Kentucky

Drawing Date:Tue, Apr 26, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$28,970$6,021$115,523
2$158,040$30,777$6,322$120,942
3$165,942$32,673$6,638$126,631
4$174,239$34,664$6,970$132,605
5$182,951$36,755$7,318$138,878
6$192,099$38,951$7,684$145,464
7$201,704$41,608$8,068$152,027
8$211,789$44,835$8,472$158,482
9$222,378$48,224$8,895$165,259
10$233,497$51,782$9,340$172,375
11$245,172$55,518$9,807$179,847
12$257,431$59,648$10,297$187,485
13$270,302$64,153$10,812$195,337
14$283,817$68,883$11,353$203,581
15$298,008$73,850$11,920$212,238
16$312,909$79,065$12,516$221,327
17$328,554$84,541$13,142$230,871
18$344,982$90,291$13,799$240,892
19$362,231$96,328$14,489$251,413
20$380,342$102,667$15,214$262,462
21$399,359$109,323$15,974$274,062
22$419,327$116,312$16,773$286,242
23$440,294$123,650$17,612$299,032
24$462,308$131,355$18,492$312,461
25$485,424$139,446$19,417$326,561
26$509,695$147,941$20,388$341,367
27$535,180$156,860$21,407$356,912
28$561,939$166,226$22,478$373,235
29$590,036$176,060$23,601$390,375
30$619,537$186,385$24,781$408,371
Total$10,000,000$2,617,741$400,000$6,982,257

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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.