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Kentucky Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2014

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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 $93,000,000 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:Fri, Sep 26, 2014
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$474,940$55,991$868,852
2$1,469,773$500,836$58,791$910,146
3$1,543,261$528,027$61,730$953,504
4$1,620,424$556,577$64,817$999,030
5$1,701,446$586,555$68,058$1,046,833
6$1,786,518$618,032$71,461$1,097,025
7$1,875,844$651,082$75,034$1,149,728
8$1,969,636$685,786$78,785$1,205,065
9$2,068,118$722,224$82,725$1,263,169
10$2,171,524$760,484$86,861$1,324,179
11$2,280,100$800,657$91,204$1,388,239
12$2,394,105$842,839$95,764$1,455,502
13$2,513,810$887,130$100,552$1,526,128
14$2,639,501$933,635$105,580$1,600,285
15$2,771,476$982,466$110,859$1,678,150
16$2,910,049$1,033,739$116,402$1,759,909
17$3,055,552$1,087,574$122,222$1,845,755
18$3,208,329$1,144,102$128,333$1,935,894
19$3,368,746$1,203,456$134,750$2,030,540
20$3,537,183$1,265,778$141,487$2,129,918
21$3,714,042$1,331,216$148,562$2,234,265
22$3,899,744$1,399,926$155,990$2,343,829
23$4,094,732$1,472,071$163,789$2,458,871
24$4,299,468$1,547,823$171,979$2,579,666
25$4,514,442$1,627,364$180,578$2,706,500
26$4,740,164$1,710,881$189,607$2,839,676
27$4,977,172$1,798,574$199,087$2,979,511
28$5,226,030$1,890,651$209,041$3,126,338
29$5,487,332$1,987,333$219,493$3,280,506
30$5,761,699$2,088,849$230,468$3,442,382
Total$93,000,000$33,120,607$3,720,000$56,159,395

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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.